Business Chief APAC+ANZ Magazine April 2020 | Page 87

TOP 10 Born

PERTH AUSTRALIA
Photo © Chatham House

$ 8.8bn

NET WORTH IN USD

05

Andrew Forrest

FMG [ 2003 – PRESENT ]

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Following his graduation from the University of Western Australia with a degree in economics and politics , Forrest worked as a stockbroker at Kirke Securities and Jacksons . In the ‘ 90s , Forrest founded the resources company Anaconda Nickel , one of the country ’ s most successful mineral exporters . Taking control of Fortescue Metals Group ( originally called Allied Mining and Processing ) in 2003 , Forrest remains its majority shareholder and Chairman . FMG is the fourth-largest iron ore producer in the world and the third-largest nationally . In addition to his mining and resource assets , Forrest also has interests in the cattle and biomedical industries . asia . businesschief . com