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The Financial Review named him the richest person in Australia in 2008. [6] [7] In 2013, Andrew and Nicola Forrest, his wife, were the first Australian billionaires to pledge the majority of their wealth to charity. He had earlier stepped down as CEO of Fortescue Metals in 2011. [8]
In 2022, Andrew Forrest stated that he will invest $740 million in businesses in Ukraine to help their economy recover. [47] This investment fund will focus on primary infrastructure such as energy and communications to build a digital green grid, so Ukraine can become a model for the world as a leading digital green economy .
As of May 2022 Andrew Forrest is Executive Chairman and owns a third of the company. [6] Dino Otranto is the CEO of Fortescue's Metals division (Aug 2023–), [7] and Mark Hutchinson is the CEO of the Energy division.
The decision is a setback for Forrest, the 37% owner of iron ore producer Fortescue Metals Group and Australia's second-richest person, in his quest to hold the internet giant accountable for the ads.
Rinehart held the mantle of Australia's wealthiest individual between 2011 and 2015; peaking in 2012, when her net worth was assessed at A$ 29.17 bn. [5] From 2017 to 2019, Anthony Pratt was Australia's wealthiest individual, ranked third in the 2020 Rich List, after Andrew Forrest AO, [3] Australia's wealthiest individual in 2008.
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