Net Worth: $5.67 Billion
- Source of Wealth Mining
- Birth Place Perth, Australia
- Marital Status Married (Nicola Forrest)
- Full Name John Andrew Henry Forrest
- Nationality Australian
- Date of Birth 1961
- Occupation Mining Magnate, Businessman
- Education University of Western Australia
- Children 3
About Andrew Forrest
Andrew Forrest is a Western Australian mining magnate and he has an estimated net worth of $5.67 billion as of March 2017, according to Bloomberg.
According to Forbes.com, he is #211 in the World Billionaires List, #173 in 2012, #4 in Australia, and #5 in Australia’s 50 Richest List. Born John Andrew Henry Forrest in Perth, Australia in 1961, he is also known by the names Andrew and Twiggy. He attended the University of Western Australia with a double major in economics and politics. He worked as a stockbroker at the brokerage houses Kirke Securities and Jacksons after graduation. He was the founding CEO of Anaconda Nickel, now Minara Resources, during his early 30’s. Since then, it has become one of Australia’s single largest mineral exporters with its Murrin Murrin Joint Venture nickel project where he was the chairman.
Forrest joined Fortescue in 2003 where he was the driving force in the creation of the Pilbara Iron Ore and Infrastructure Project. He is now the non-executive chairman of Fortescue Metals Group (FMG), the world’s fourth largest iron ore producer. He was also the founding non-executive chairman and became the CEO two years later. He resumed the role as the non-executive chairman in August 2011. He is also the non-executive chairman of Poseidon Nickel Limited. He is the chairman of The Australian Children’s Trust, a Western Australia charity. Before these current positions, he served as the director of the West Australian Chamber of Minerals and Energy, chairman of Athletics Australia, chairman of Moly Mines Ltd, and chairman of Siberia Mining Corporation Ltd.