Andrew Forrest & family

Rank 97

Andrew Forrest & family

19B

Mining

Perth

Australia

  • 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.
  • Australia's biggest philanthropists, in 2023 he and wife Nicolai gifted shares worth nearly A$5 billion to their foundation.
  • Andrew Forrest founded Fortescue Metals Group in 2003. It's an iron ore giant which is now transforming itself into a green energy powerhouse.
  • Forrest chairs his Minderoo Foundation, a philanthropic outfit with an A$9.6 billion endowment, focussed on everything from gender equality to climate change to rebuilding Ukraine.
  • In 2022, his privately held Squadron Energy paid an estimated A$4 billion for Australia's biggest wind energy company, CWP Renewables.
  • Forrest has also promised to spend A$750 million on rebuilding Ukraine's energy and communications infrastructure.
  • Forrest and his wife Nicola announced their separation in July 2023 after being married for more than three decades.