Name
Andrew Forrest
Andrew Forrest
Perth, Australia
Bachelor of Arts/Science, University of Western Australia
Australia
mining, Self Made
$6,900,000,000
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#325 Billionaires 2019
#7 Australia's 50 Richest 2019
Forrest started his first mining company, Anaconda Nickel (now called Minara Resources) in 1994.Nine years later, he founded Fortescue Metals Group, which mines and ships iron ore to China.Once Australia's richest man, his net worth peaked at $12.7 billion in June 2008 when Fortescue shares hit an all-time high.He now also has farming interests to capitalize on China's growing appetite for meat and dairy products.Regarded as Australia's biggest philanthropist, he made the country's largest-ever donation in 2017, A$400 million, to areas such as cancer research.
Known by his schoolboy nickname "Twiggy," Forrest was a onetime stockbroker and keen amateur boxer.He once tried to make a living as an alpaca farmer and is a descendant of the first premier of the state of West Australia, Lord Forrest of Bunbury.
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