Andrew Forrest’s profile picture

Andrew Forrest

Andrew Forrest’s profile picture
Net worth 2018: $4.16 Billion
Industry: Metals & Mining
Residence: Perth, Australia
Country: Australia
BirthDay: 1961
Children: 3
Education: Bachelor of Arts / Science, University of Western Australia
BIOGRAPHY

Andrew Forrest was bornon 1961 in Perth, Australia, Australia. Andrew Forrest is #466 in List Billionaires People In The World. 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.

NET WORTH STATISTIC
2009

$1.9 Billion

2010

$4.1 Billion

2011

$6.7 Billion

2012

$5.8 Billion

2013

$5.7 Billion

2014

$5.2 Billion

2015

$2.2 Billion

2016

$1.3 Billion

2017

$5.7 Billion

2018

$4.16 Billion

You cannot afford a world with slavery, which literally takes someone and turns them into a machine.

Andrew Forrest
TIMELINE
2020

We, the undersigned, are gathered here today for a historic initiative to inspire spiritual and practical action by all global faiths and people of goodwill everywhere to eradicate modern slavery across the world by 2020 and for all time

2017

In 2017 Forrest was appointed an Officer of the Order of Australia for distinguished service to the mining sector, to the development of employment and business opportunities, as a supporter of sustainable foreign investment, and to philanthropy

2016

Meanwhile in 2016, according to Forbes Asia, Forrest's wealth was assessed at US$1

2015

Forrest acquired both Brick House Station and Minilya Station in 2015 for an estimated A$10 million, bringing his total pastoral holdings now to over 10,000 square kilometres (3,861 sq mi)

2014

Andrew and Grace Forrest took part in a meeting held in 2014 in the Vatican

2013

In 2013 the organisation launched the Global Slavery Index ranking 162 countries "based on a combined measure of three factors: estimated prevalence of modern slavery by population, a measure of child marriage, and a measure of human trafficking in and out of a country"

2012

FMG appealed against the decision, and in October 2012, the High Court found in favour of FMG and Forrest, reversing the decision of the full bench of the Federal Court and agreeing with the original 2009 decision by Justice Gilmour

2011

In June 2011, Allied Medical, of which Forrest owns 46%, was acquired by BioMD for over $20 million

2010

" Forrest established the Walk Free Foundation in 2010 to fight modern slavery

2009

After buying back the family property, Minderoo Station in 2009 Forrest acquired the adjoining properties, Nanutarra and Uaroo Stations in 2014

2008

Between 2008 and 2011, he obtained 253 business signatories to his covenant

2007

As of September 2007, Forrest had injected A$90 million into his children's charity

2003

In 2003, he took control of Allied Mining and Processing and renamed it Fortescue Metals Group

2001

The foundation has given A$270 million through the foundation since 2001

1998

Minderoo was owned by the Forrest family until it was sold in 1998 by his father due to relentless drought and debt, but it was bought back by Forrest in 2009

1961

John Andrew Henry Forrest AO (born 1961), nicknamed Twiggy, is an Australian businessman and philanthropist

1878

His father, grandfather (Mervyn), and great-grandfather (David) were all managers of Minderoo Station, which David had established in 1878 with his brothers, Alexander and John

(3.6/129 votes)
Related Person
Vladimir Iorich’s profile picture
Vladimir Iorich
Net Worth is $1.4 Billion
Huang Zelan’s profile picture
Huang Zelan
Net Worth is $1.4 Billion
Rufino Vigil Gonzalez’s profile picture
Rufino Vigil Gonzalez
Net Worth is $1.38 Billion
Vasily Anisimov’s profile picture
Vasily Anisimov
Net Worth is $1.38 Billion
Pavel Tykac’s profile picture
Pavel Tykac
Net Worth is $1.35 Billion
Dan Gertler’s profile picture
Dan Gertler
Net Worth is $1.22 Billion