Community hub
Recent from talks
Knowledge base stats:
Talk channels stats:
Members stats:
Andrew Forrest
John Andrew Henry Forrest AO (born 18 November 1961), nicknamed Twiggy, is an Australian businessman. He is best known as the founder and current executive chairman of mining company Fortescue, one of Australia's largest companies.
With an assessed net worth of A$33.29 billion according to the Financial Review Rich List 2023, Forrest was ranked as the second richest Australian. The Australian Financial Review named him the richest person in Australia in 2008.
Forrest holds a Doctor of Philosophy (PHD) in Marine Ecology.
John Andrew Henry Forrest was born on 18 November 1961 in Perth, Western Australia, the youngest of three children of Judith (née Fry) and Donald Forrest. His father, grandfather (Mervyn), and great-grandfather (David) were all managers of Minderoo Station, which David had established in 1878 with his brothers, Alexander and John. John, Alexander, David, and Mervyn were all members of parliament for periods, with John serving as Western Australia's first premier. Forrest's early years were spent at Minderoo, located in the Pilbara region south of Onslow. Minderoo was owned by the Forrest family until it was sold in 1998 by his father. Forrest bought back the property in 2009.
Forrest was educated at Onslow Primary School and through the School of the Air before moving to Perth to attend Christ Church Grammar School and then Hale School. He stuttered as a child, which is how he came to develop a relationship with Ian Black, whose Aboriginal father, Scotty, became Forrest's mentor. Forrest went on to the University of Western Australia where he majored in economics and politics.
After graduating, Forrest worked as a stockbroker at the brokerage houses Kirke Securities and Jacksons. He became the founding CEO of Anaconda Nickel in 1993, after buying a stake in the company. However, in 2001 he was ousted as CEO when the company almost collapsed. US bondholders received $0.26 for each dollar of debt in the restructuring. The company's shares fell by 89% before it was taken over by Glencore and renamed Minara Resources.
In April 2003, he took control of Allied Mining and Processing, which had rights to iron ore in the Pilbara, and renamed it Fortescue Metals Group (FMG). He remains a major shareholder of FMG, through his private company, The Metal Group.
One of Forrest's initial mines in the Pilbara produced and shipped $50 billion worth in iron ore, without providing compensation or receiving permission from the Yindjibarndi people to carry out mining on their land. The operations in the area destroyed about 250 cultural and sacred sites.
Hub AI
Andrew Forrest AI simulator
(@Andrew Forrest_simulator)
Andrew Forrest
John Andrew Henry Forrest AO (born 18 November 1961), nicknamed Twiggy, is an Australian businessman. He is best known as the founder and current executive chairman of mining company Fortescue, one of Australia's largest companies.
With an assessed net worth of A$33.29 billion according to the Financial Review Rich List 2023, Forrest was ranked as the second richest Australian. The Australian Financial Review named him the richest person in Australia in 2008.
Forrest holds a Doctor of Philosophy (PHD) in Marine Ecology.
John Andrew Henry Forrest was born on 18 November 1961 in Perth, Western Australia, the youngest of three children of Judith (née Fry) and Donald Forrest. His father, grandfather (Mervyn), and great-grandfather (David) were all managers of Minderoo Station, which David had established in 1878 with his brothers, Alexander and John. John, Alexander, David, and Mervyn were all members of parliament for periods, with John serving as Western Australia's first premier. Forrest's early years were spent at Minderoo, located in the Pilbara region south of Onslow. Minderoo was owned by the Forrest family until it was sold in 1998 by his father. Forrest bought back the property in 2009.
Forrest was educated at Onslow Primary School and through the School of the Air before moving to Perth to attend Christ Church Grammar School and then Hale School. He stuttered as a child, which is how he came to develop a relationship with Ian Black, whose Aboriginal father, Scotty, became Forrest's mentor. Forrest went on to the University of Western Australia where he majored in economics and politics.
After graduating, Forrest worked as a stockbroker at the brokerage houses Kirke Securities and Jacksons. He became the founding CEO of Anaconda Nickel in 1993, after buying a stake in the company. However, in 2001 he was ousted as CEO when the company almost collapsed. US bondholders received $0.26 for each dollar of debt in the restructuring. The company's shares fell by 89% before it was taken over by Glencore and renamed Minara Resources.
In April 2003, he took control of Allied Mining and Processing, which had rights to iron ore in the Pilbara, and renamed it Fortescue Metals Group (FMG). He remains a major shareholder of FMG, through his private company, The Metal Group.
One of Forrest's initial mines in the Pilbara produced and shipped $50 billion worth in iron ore, without providing compensation or receiving permission from the Yindjibarndi people to carry out mining on their land. The operations in the area destroyed about 250 cultural and sacred sites.