Who is Andrew Forrest?
Andrew Forrest is the founder of Fortescue Metals Group. He was born on July 5, 1961. He is married to Nicola Forrest.
At the age of 30, he founded Anaconda Nickel (now known as Minara Resources), which became one of Australia’s largest nickel exporters. Forrest sold the company to Glencore.
He later bought Allied Mining and Processing and renamed it Fortescue Metals Group
Fortescue Metals Group
FMG is one of the largest ore mining companies in the world, with mining assets in the Pilbara, Western Australia. Fortesque produces more than 180 million tonnes of iron ore annually
It has revenues of more than $18 billion and more than 11,000 employees.
It operates a private 260km long railway, and it’s iron ore trains are amongst the heaviest trains in the world.
FMG owns a fleet of seven ore carriers named the FMG Nicola, FMG Grace, FMG Sophia, FMG Sydney, FMG Matilda, FMG David, and the FMG Amanda
Andrew Forrest Net Worth
The net worth of Andrew and Nicola Forrest is $17 billion, which ranks him high on our List of Richest Yacht Owners.
Forrest is an active philanthropist through his Minderoo Foundation. The foundation has donated more than $2 billion to charity, including Arts and Culture, cancer research, and fighting plastic waste.
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Andrew Forrest House
He lives with his wife Nicola Forrest in a large mansion in Point Piper, near Melbourne.
Andrew Forrest Yacht
He is the owner of a Bombardier Global Express private jet, with registration VH-FMG. FMG obviously referring to Fortesque Mining Group.