Andrew Forrest & family

$19.09 B

Ranked #133 in World

About Andrew Forrest & family

Andrew Forrest, also known as Twiggy, is an Australian businessman and former CEO of Fortescue Metals Group (FMG). With a net worth of A$33.29 billion, he ranks as the second richest Australian according to the 2023 Financial Review Rich List. Known for his philanthropy, Forrest pledged the majority of his wealth to charity with his wife Nicola Forrest in 2013. He established the Minderoo Foundation, focusing on education and Indigenous Australians, as well as the Walk Free Foundation, dedicated to ending modern slavery. Forrest's career includes founding Anaconda Nickel, acquiring Allied Mining and Processing, and his ongoing involvement with FMG. He has also made significant contributions to various industries and causes, including his holdings in Tattarang, his involvement in Global Rapid Rugby, his investments in the cattle industry, his role in Allied Medical, and his numerous recognitions and honors. Forrest's personal life includes his Christian faith, his separation from his wife, and his ownership of the superyacht Pangaea.

Born

November 18, 1961 in Perth, Western Australia, Australia

Age

64 years

Source Of Wealth

Mining

Industries

Metals & Mining

Citizenship

Australia

Residence

Perth

Education

Bachelor of Arts/Science, University of Western Australia; Ph.D, University of Western Australia

Spouse

Nicola Maurice

Children

Andrew Forrest, also known as "Twiggy," was born on November 18, 1961, in Perth, Western Australia. He is the youngest of three children born to Judith (née Fry) and Donald Forrest. His family has a long history of managing Minderoo Station, which was established in 1878. Forrest received his early education at Onslow Primary School, School of the Air, Christ Church Grammar School, and Hale School. As a child, he struggled with stuttering, but he developed a close relationship with Ian Black and his Aboriginal mentor Scotty Black, which helped him overcome this challenge. Forrest went on to study economics and politics at the University of Western Australia.

Andrew Forrest & family: Family

Andrew Forrest is married to Nicola Forrest, and together they have four children, including Sophia. In 2023, the couple announced their separation after 31 years of marriage.

Andrew Forrest & family: Career Highlights

Forrest's career in the business world began when he worked as a stockbroker at Kirke Securities and Jacksons. He noticed the rising demand for stainless steel and founded Anaconda Nickel in 1993, where he served as the CEO. However, in 2001, he was ousted as CEO due to the company's near collapse, and it was renamed Minara Resources after being taken over by Glencore. In 2003, Forrest took control of Allied Mining and Processing and renamed it Fortescue Metals Group (FMG). He remains a major shareholder of FMG through his private company, The Metal Group.

Forrest's career has been marked by both successes and controversies. He has been accused of avoiding company tax and has criticized the government's Minerals Resource Rent Tax (MRRT). Despite these challenges, he received a $2.4 billion dividend on Fortescue's record profit in 2021.

Andrew Forrest & family: Companies

Andrew Forrest is involved in various companies and business ventures. He is the founder and former CEO of Fortescue Metals Group (FMG), a leading iron ore mining company.

Through his private company, The Metal Group, he remains a major shareholder of FMG.

Forrest is also the founder and chairman of Tattarang, a holding company for the Forrest family's private business interests. Tattarang invests in various sectors, including agri-food, energy, health technology, property, resources, and lifestyle. Some of the business divisions under Tattarang include Fiveight, Harvest Road, Squadron Energy, Tenmile, Wyloo Metals, Z1Z, and Akubra.

Andrew Forrest & family: Major Achievements

Andrew Forrest has achieved significant success in the business world. He is credited with transforming Fortescue Metals Group into a global iron ore giant. Under his leadership, FMG has become one of the largest iron ore producers in the world. Forrest's entrepreneurial spirit and business acumen have earned him recognition and accolades both in Australia and internationally.

Andrew Forrest & family: Awards & Achievements

Forrest has received numerous awards and recognitions for his contributions to business, philanthropy, and social impact. Some of his notable awards include the Australian Centenary Medal, Australian Sports Medal, Western Australian of the Year Award (2017), and EY Entrepreneur of the Year Alumni Social Impact Award (2018). He was also appointed Officer of the Order of Australia for distinguished service in mining, employment, foreign investment, and philanthropy. In addition, Forrest was awarded a PhD in Marine Science from the University of Western Australia, focusing on ocean health.

Andrew Forrest & family: Personal Life & Legacy

Andrew Forrest is a Christian and has four children. He is known for his philanthropic efforts and has made significant contributions to various social causes. Together with his wife Nicola, he made The Giving Pledge in 2013, committing to donate the majority of their wealth to charity. Forrest is passionate about empowering individuals and families affected by poverty, slavery, and lack of opportunity. He has established several initiatives, including the Australian Children's Trust, GenerationOne project, and Australian Employment Covenant, to address these issues.

Forrest's legacy extends beyond his business achievements.

He is recognized as a prominent philanthropist and advocate for social justice. His commitment to making a positive impact on society has earned him widespread respect and admiration.

Andrew Forrest & family: Trivia

Here are some interesting facts about Andrew Forrest:

Forrest owns the superyacht Pangaea, which has been converted into an ocean research vessel for the Minderoo Foundation.
He purchased and restored heritage-listed mansions in Cottesloe, Western Australia.
Forrest has served as an adjunct professor at Chinese Southern University and is a fellow of the Australasian Institute of Mining & Metallurgy.
He is a former director of Australia's Export Finance and Insurance Corporation and the Chamber of Minerals and Energy of Western Australia.
Forrest was the former chairman of Athletics Australia and has addressed the Queensland University of Technology and Christians in the Marketplace.
In 2020, he delivered the Boyer Lecture on hydrogen energy and ocean conservation.

Wealth History

Timeline

18 November 1961

Andrew Forrest (Twiggy) is born in Perth, Western Australia.

1993

Forrest founds Anaconda Nickel and serves as its CEO.

2001

Forrest is ousted as CEO of Anaconda Nickel due to the company's near collapse.

2003

Forrest takes control of Allied Mining and Processing and renames it Fortescue Metals Group (FMG).

2013

Forrest and his wife Nicola make The Giving Pledge, committing to empower individuals and families affected by poverty, slavery, and lack of opportunity.

2017

Forrest is named Western Australian of the Year.

2018

Forrest receives the EY Entrepreneur of the Year Alumni Social Impact Award.

2020

Forrest delivers the Boyer Lecture on hydrogen energy and ocean conservation.

2021

Forrest receives a $2.4 billion dividend on Fortescue's record profit.

2023

Forrest announces his separation from his wife Nicola after 31 years of marriage.

Andrew Forrest & family : FAQs

What is Andrew Forrest's current net worth?

Andrew Forrest's current net worth is $19.09 billion.

What is Andrew Forrest's current global rank among billionaires?

Andrew Forrest holds the 133rd position globally among billionaires.

What is Andrew Forrest's current ranking within the Australia?

Andrew Forrest holds the 3rd position in Australia.

What was the change in Andrew Forrest's net worth compared to the previous year?

Andrew Forrest's net worth decreased by 870.44 million dollars compared to the previous year 2025, when his net worth was 19.96 billion dollars.

What is the recent change in Andrew Forrest's net worth?

Andrew Forrest's net worth decreased by 51.9 million dollars recently, a 0.27% decrease, with his net worth standing at 19.09 billion dollars.

What are Andrew Forrest's main sources of wealth?

Andrew Forrest's main source of income comes from Mining.

In which industry does Andrew Forrest primarily operate?

Andrew Forrest is primarily involved in the Metals & Mining industry.

What is Andrew Forrest educational background?

Andrew Forrest holds a Bachelor of Arts/Science from the University of Western Australia and a Ph.D from the University of Western Australia.

How old is Andrew Forrest?

Andrew Forrest is 64 years old.

How many children does Andrew Forrest have?

Andrew Forrest has 3 children.

How has Andrew Forrest contributed to philanthropy and social causes?

Andrew Forrest, along with his wife Nicola, pledged the majority of his wealth to charity in 2013. He established the Minderoo Foundation, focusing on education and Indigenous Australians, and the Walk Free Foundation, dedicated to ending modern slavery.

What are some notable achievements in Andrew Forrest's early life?

Born in Perth, Western Australia, Andrew Forrest is the youngest of three children whoovercame childhood stuttering. He attended several schools including Christ Church Grammar School and Hale School, and went on to study economics and politics at the University of Western Australia.

What are the corporate ventures under Andrew Forrest's holding company, Tattarang?

Tattarang is the holding company for the Forrest family's private business interests. It invests in various sectors like agri-food, energy, health technology, property, resources, and lifestyle, with divisions such as Fiveight, Harvest Road, Squadron Energy, Tenmile, Wyloo Metals, Z1Z, and Akubra.

Can you list some of Andrew Forrest's accomplishments in his professional career?

Andrew Forrest founded Anaconda Nickel in 1993, took control of Allied Mining and Processing which became the Fortescue Metals Group, where he remains a major shareholder. Despite controversies, he received a $2.4 billion dividend in 2021 from Fortescue's record profit and has been recognized with numerous awards for his service in various industries and philanthropy.