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Andrew Forrest
Rank #94

Andrew Forrest

$17167.0B

Perth, , Australia

Metals & Mining

Biography

Forrest started his first mining company, Anaconda Nickel (now called Minara Resources), in 1994.

Nine years later, he founded Fortescue Metals Group, which mines and ships iron ore to China.

Investing in sustainable energy projects, he's now focused on repositioning the company into a green energy powerhouse to produce steel in Australia.

Fortescue Mining has a subsidiary, Fortescue Future Industries, which is exploring sustainable energy sources, including hydrogen.

He now also has farming interests to capitalize on China's growing appetite for meat and dairy products.

Financial Assets

Atlas Iron Ltd

:

Shares: 0

Emyria

ASX: EMD-AU

Shares: 20,000,000

Fortescue Metals Group, Australia

ASX: FMG-AU

Shares: 1,131,365,000

Invex Therapeutics

ASX: IXC-AU

Shares: 8,846,000

Mincor Resources

ASX: MCR-AU

Shares: 64,483,000

Noront Resources

TSX VENTURE: NOT-CA

Shares: 111,870,000

Poseidon Nickel

ASX: POS-AU

Shares: 357,378,000

Queens Road Capital

:

Shares: 71,263,000

Swoop Holdings

ASX: SWP-AU

Shares: 33,400,000

Vimy Resources

ASX: VMY-AU

Shares: 52,550,000

Western Areas

ASX: WSA-AU

Shares: 16,980,000