Home Billionaires Andrew Forrest; Forbes Ranking Richest Man On Earth

Andrew Forrest; Forbes Ranking Richest Man On Earth

by odoomebenezeryaw
  • Full Name: Andrew Forrest
  • Date of Birth: July 5, 1961
  • Age: 61 years old (as of September 1, 2023)
  • Source of Wealth: Mining (Self Made)
  • Residence: Perth, Australia
  • Citizenship: Australia
  • Marital Status: Separated
  • Children: 3
  • Education: Bachelor of Arts/Science (University of Western Australia), Ph.D. (University of Western Australia)

Biography: Andrew Forrest, often known by his schoolboy nickname “Twiggy,” is an Australian billionaire with a notable career in the mining industry and a growing interest in sustainable energy. Born on July 5, 1961, in Australia, he has made significant contributions to both the resources sector and renewable energy projects.

Forrest’s journey in the mining industry began when he started his first mining company, Anaconda Nickel (now known as Minara Resources), in 1994. His entrepreneurial spirit and vision for the sector led him to found Fortescue Metals Group nine years later. Fortescue quickly rose to prominence as a major player in the iron ore market.

In recent years, Andrew Forrest has shifted his focus towards sustainable energy projects and the repositioning of Fortescue Metals Group into a green energy powerhouse. The company aims to produce steel in Australia using sustainable energy sources. As part of this effort, Fortescue Mining has established a subsidiary called Fortescue Future Industries, which explores sustainable energy solutions, including hydrogen production.

One of Forrest’s significant investments in the renewable energy sector came in December 2022 when his privately held company, Squadron Energy, acquired Australia’s biggest wind energy company, CWP Renewables, for an estimated A$4 billion. This move further demonstrated his commitment to sustainable energy projects.

Beyond his business ventures, Andrew Forrest has pledged to spend A$750 million on rebuilding Ukraine’s energy and communications infrastructure, showcasing his dedication to global philanthropy and humanitarian efforts.

As of September 1, 2023, Andrew Forrest is ranked as the 92nd richest person in the world, with a reported net worth of $19.6 billion, according to Forbes. His dynamic career in mining and sustainable energy has made him a notable figure in both the business and environmental sectors, shaping his legacy as a prominent Australian billionaire.

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