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Forrest gets richer

Andrew Forrest, the mining magnate that made the Forbes rich list in position 1,367 this year, has seen his net worth grow handsomely since the start of 2016.

Mining Journal
Forrest was the richest person in Australia in 2008. In the latest list he was 22nd. (photo: Chatham House)

Forrest was the richest person in Australia in 2008. In the latest list he was 22nd. (photo: Chatham House)

Forbes pointed out in a recent article that Forrest’s one billion shares in Fortescue Metals Group, an Australian iron ore company he founded, have grown in value from US$1.10/share in late January to...

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