ANDREW FORREST • Net Worth $17 Billion • House • Yacht • Private Jet • Fortescue Metals Group

Name:Andrew Forrest
Net Worth:$17 billion
Source of Wealth:Fortescue Metals Group
Born:July 5, 1961
Age:
Country:Australia
Wife:Nicola Forrest
Children:Sophia Forrest
Residence:Point Piper
Private Jet:(VH-FMG) Bombardier Global 6000
Yacht:Pangaea Ocean Explorer

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.

Philanthropy

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.

Sources

Andrew Forrest – Wikipedia

Home | Fortescue Metals Group Ltd (fmgl.com.au)

https://www.forbes.com/profile/andrew-forrest/

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Andrew Forrest


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Andrew Forrest House

Andrew Forrest Yacht


He is the owner of the explorer yacht Pangaea Ocean Explorer .