Andrew Forrest Explained

Dr Andrew Forrest
Birth Name:John Andrew Henry Forrest
Birth Date:18 November 1961
Birth Place:Perth, Western Australia, Australia
Alma Mater:University of Western Australia
Occupation:Non-executive chairman, Fortescue Metals Group
Spouse:Nicola Maurice
Children:4
Footnotes:[1] [2]

John Andrew Henry Forrest (born 18 November 1961), nicknamed Twiggy, is an Australian businessman. He is best known as the former CEO (and current non-executive chairman) of Fortescue Metals Group (FMG), and has other interests in the mining industry and in cattle stations.

With an assessed net worth of 33.29 billion according to the Financial Review 2023 Rich List, Forrest was ranked as the second richest Australian. The Financial Review named him the richest person in Australia in 2008.[3]

In 2013, Andrew and Nicola Forrest, his wife, were the first Australian billionaires to pledge the majority of their wealth to charity in their lifetimes.[4] He had earlier stepped down as CEO of Fortescue Metals in 2011.[5] Much of the Forrest's philanthropy has been through either the Minderoo Foundation (focusing on education and Indigenous Australians) or the Walk Free Foundation (focusing on ending modern slavery), both of which he established. Forrest has been accused of avoiding paying company tax, having revealed in 2011 that Fortescue had never paid company tax.[6]

Early life

John Andrew Henry Forrest[7] was born on 18 November 1961[8] in Perth, Western Australia, the youngest of three children of Judith (née Fry) and Donald Forrest.[9] His father, grandfather (Mervyn), and great-grandfather (David) were all managers of Minderoo Station, which David had established in 1878 with his brothers, Alexander and John.[10] John, Alexander, David, and Mervyn were all members of parliament for periods, with John serving as Western Australia's first premier.[11] [12] Forrest's early years were spent at Minderoo, located in the Pilbara region south of Onslow.[10] Minderoo was owned by the Forrest family until it was sold in 1998 by his father due to relentless drought and debt,[9] but it was bought back by Forrest in 2009.[13] [14]

Forrest was educated at Onslow Primary School[9] and through the School of the Air before moving to Perth to attend Christ Church Grammar School and then Hale School.[15] He stuttered as a child,[9] which is how he came to develop a relationship with Ian Black, whose Aboriginal father, Scotty, became Forrest's mentor. Forrest went on to the University of Western Australia[16] where he majored in economics and politics.[17]

In 1991, Forrest married Nicola Maurice. She grew up on a farm in central western New South Wales; the family raised sheep and cattle and grew wheat.[18]

Career

Anaconda Nickel

After graduating, Forrest worked as a stockbroker at the brokerage houses Kirke Securities and Jacksons. After noticing that the demand for stainless steel was rising at 4 per cent a year, he quit stockbroking and got into nickel mining by founding Anaconda Nickel.[19] He became the founding CEO of Anaconda Nickel in 1993, after buying a stake in the company.[20] [21] However, in 2001 he was ousted as CEO when the company almost collapsed.[21] US bondholders received $0.26 for each dollar of debt in the restructuring.[21] The company's shares fell by 89% before it was taken over by Glencore and renamed Minara Resources.[21]

Fortescue Metals

See main article: Fortescue Metals Group. In April 2003, he took control of Allied Mining and Processing, which had rights to iron ore in the Pilbara, and renamed it Fortescue Metals Group (FMG).[22] He remains a major shareholder of FMG, through his private company, The Metal Group.[23]

One of Forrest's initial mines in the Pilbara produced and shipped $50 billion worth in iron ore, without ever providing compensation or receiving permission from the Yindjibarndi people to carry out mining on their land. The operations in the area destroyed about 250 cultural and sacred sites.[24]

Fortescue made its first iron ore shipment to China in May 2008. Fortescue increased its capacity to 155 million tonnes per annum through a $9.2 billion expansion in 2014. Since then, the company has grown to possess three times the tenements of its nearest rival in Western Australia's iron ore rich Pilbara region. Fortescue holds major deposits at Mount Nicholas, Christmas Creek, Cloudbreak, and Tongolo. In 2007, he took an interest and a directorship in Niagara Mining Limited, renamed Poseidon Nickel Limited, which had in 2006 acquired from WMC the Windara nickel deposits near Laverton, Western Australia.[25] [26]

Forrest described the Gillard government proposed Minerals Resource Rent Tax (MRRT) as "economic vandalism"[27] and a "mad dog's breakfast"[28] that would drive up foreign resource ownership.[29] He stated he would challenge it in the High Court as being unconstitutional, as it discriminates against states, and fails to appropriately capture big producers BHP Billiton and Rio Tinto.[30] WA premier Colin Barnett has stated the state government would back constitutional action, admitting the tax had been suggested to him as a "sovereign risk". He was highly critical of the government's expenditure of $38M on an advertising campaign, that was not approved using the usual processes, as it had to "counter mining industry 'spin' about the resources super profits tax".

The former treasurer Wayne Swan said the big miners would pay at least A$2 billion tax, and wrote to the head of BDO Accounting, who modelled the claims Forrest used, noting they were "utterly unrealistic" and riddled with errors.[31] Treasury concurred that they would be unable to release the assumptions underpinning its forecasts, as they were based on confidential information provided by the big miners.[31] Gillard struck a deal with BHP Billiton, Rio Tinto and Xstrata to develop the MRRT.[32] Independent MP Andrew Wilkie requested the government take Forrest's mining tax grievance to heart.[28]

In August 2021, it was announced that Forrest would receive a $2.4 billion dividend on Fortescue's record profit.[33]

Tattarang

See main article: Tattarang.

Tattarang is the holding company for the Forrest family’s private business interests. Tattarang invests in a diverse range of businesses across agri-food, energy, health technology, property, resources, and lifestyle. The group is made up of several business divisions: Fiveight, Harvest Road, Squadron Energy, Tenmile, Wyloo Metals, Z1Z,[34] and Akubra.[35]

Global Rapid Rugby

See main article: Global Rapid Rugby. Following SANZAAR's decision to reduce the number of Super Rugby teams for 2018, the Australian Rugby Union (now Rugby Australia) announced in August 2017 that Perth-based rugby team Western Force would be one of the teams cut from the 2018 competition. In the following month, Forrest announced that he would create a new tournament called the Indo Pacific Rugby Championship which would include the Western Force and five other teams from the Indo-Pacific region.[36] For the 2018 season, the competition was launched as World Series Rugby, played as a series of exhibition matches as the precursor to a wider Asia-Pacific competition planned for 2019.[37]

The competition was rebranded in November 2018 as Global Rapid Rugby. A season of fourteen matches was played in 2019. The 2020 Global Rapid Rugby season was cancelled due to the COVID-19 pandemic after only one completed round of competition.[38]

Cattle industry

After buying back the family property, Minderoo Station in 2009 Forrest acquired the adjoining properties, Nanutarra and Uaroo Stations in 2014, increasing his total pastoral holdings in the Pilbara to 7300km2.[39] In August 2015 he acquired both Brick House Station and Minilya Station for an estimated 10 million, bringing his total pastoral holdings to over 10000km2.[40]

In 2020, Forrest acquired both Quanbun and neighbouring property, Jubilee Downs, in the Kimberley region of Western Australia for over 30 million.[41]

Allied Medical

In 2005, a medical equipment distribution company called Allied Medical was spun out of Fortescue Metals Group.[42] Forrest was a director of the company.[42] In June 2011, Allied Medical, of which Forrest owned a 46 percent stake in, was acquired by biotechnology company BioMD.[43] Forrest retained an approximate 17–18 percent stake in the combined company, Allied Healthcare Group, after the takeover.[44] Allied Healthcare Group eventually became structural heart company Anteris Technologies.[45] [46]

Recognition and honours

Forrest has an Australian Centenary Medal, Australian Sports Medal, was awarded the 2017 Western Australian of the Year Award, and the 2018 EY Entrepreneur of the Year Alumni Social Impact Award.[47]

In 2017 Forrest was appointed an Officer of the Order of Australia for distinguished service to the mining sector, to the development of employment and business opportunities, as a supporter of sustainable foreign investment, and to philanthropy.[48]

In 2019 Forrest was awarded a PhD in Marine Science from the University of Western Australia,[49] and has a strong interest in maintaining the health of the oceans.

Other roles

Forrest is well-connected in political, business, and sporting circles.[50] He is an adjunct professor at the Chinese Southern University and a fellow of the Australasian Institute of Mining & Metallurgy. He is a former director of Australia's Export Finance and Insurance Corporation and the Chamber of Minerals and Energy of Western Australia, and former chairman of Athletics Australia.

He has addressed the Queensland University of Technology,[51] and Christians in the Marketplace.[52] He gave the 2020 Boyer Lecture to outline a case for hydrogen energy and ways to manage human impacts on the oceans.[53]

Philanthropy

Andrew and Nicola Forrest made The Giving Pledge in 2013, stating:[54] [55]

Indigenous Australians

After stepping down as chief executive officer of FMG, Forrest noted that he had been spending more than 50% of his time on Indigenous philanthropy.[5] [56] Forrest became an ambassador for the Australian Indigenous Education Foundation.[57] Encouraged by the philanthropy of the Rockefeller Group, Warren Buffett, and Melinda and Bill Gates,[58] Andrew and Nicola Forrest established the Australian Children's Trust in 2001.[59]

Through the influence of Scotty Black, Forrest started the GenerationOne project,[60] [61] with assistance from James Packer and Kerry Stokes, who each donated 2 million, along with the support of their respective media stations, Channel 9 and Channel 7.[62] GenerationOne and the Australian Children's Trust help to create sustainable solutions on addressing social disadvantage.[63] With Kevin Rudd, Forrest launched the Australian Employment Covenant,[63] that campaigned for businesses to hire Indigenous Australians, as they could "add value" to Australian businesses because they were "professional and reliable and wonderful" and that there is no reason for Indigenous disparity.[61] [64] GenerationOne ran a series of television advertisements privately funded by Forrest, Packer and Stokes.[65] Between 2008 and 2011, Forrest obtained 253 business signatories to his covenant.[64] With Rudd, Forrest planned to employ 50,000 Aboriginal people.[66] [67] As the two-year deadline approached, estimates put the number of Indigenous job placements under the scheme at around 2,800, well short of the original goal.[68]

Forrest is opposed to welfare dependency for Indigenous Australians.[69] He has recounted stories of young Aboriginal girls in the Pilbara offering men sex for cigarettes, leading to five indigenous women from the region collectively lodging a complaint with the Human Rights and Equal Opportunity Commission that Forrest's comment was racist and vilified the community.[70] Forrest has been publicly accused of engaging in questionable methods of land acquisition,[71] [72] and has had accusations levelled at his company for failing Indigenous trainees at FMG's vocational training centre in Port Hedland.[73]

In 2013, Forrest was chosen to lead an Australian Government review into Indigenous employment and training programs.[74] Delivered on 1 August 2014 with 27 recommendations,[75] the review proposed the creation of the Cashless Welfare Card.[76]

Slavery and human trafficking

Forrest's daughter, Grace volunteered at an orphanage in Nepal and discovered the children she had looked after had been trafficked to be sex slaves in the Middle East. This distressed Grace and motivated her father to act.[77] [78] Grace, aged 21 years, said at a 2014 interfaith meeting held at the Vatican, "I feel like a puppet for hundreds of thousands of girls who are voiceless – if I can stand for them, that is what I'm here to do."[79]

Forrest established the Walk Free Foundation in 2010 to fight modern slavery.[80] In 2013 the organisation launched the Global Slavery Index ranking 162 countries "based on a combined measure of three factors: estimated prevalence of modern slavery by population, a measure of child marriage, and a measure of human trafficking in and out of a country".[81] The Index estimates there are 29 million slaves worldwide, roughly half in India and Pakistan.[78] In January 2014, Forrest announced a deal with Pakistan to do away with more than two million slaves in return for cheap coal.[82]

Forrest founded the Global Freedom Network that the Pope, the Archbishop of Canterbury, and the Grand Imam of al-Azhar lead. The Global Freedom Network works to stop all religious faiths from using organisations involved with slavery in their supply chain.[77]

In 2014 Andrew and Grace Forrest attended a meeting held in the Vatican, being a Joint Religious Leaders Declaration Against Modern Slavery. The anti-slavery declaration was signed by Pope Francis, Mata Amritanandamayi, Justin Welby, Thích Nhất Hạnh, K. Sri Dhammananda, David Rosen, Ecumenical Patriarch Bartholomew, Abraham Skorka, Mohamed Ahmed El-Tayeb, Mohammad Taqi al-Modarresi, Basheer Hussain al-Najafi, and Omar Abboudreligious leaders representing forms of Christianity, Judaism, Islam, Hinduism and Buddhism.[79] Welby, the Archbishop of Canterbury, urged consumers to demand more information about whether forced labour was involved in goods they bought.[83]

Other philanthropic interests

, Forrest had injected 90 million into his children's charity.[58] Philanthropic activity has included gifts to his alma mater, Hale School;[84] participation in the St Vincent de Paul Society CEO sleepouts;[85] and a gift from the proceeds of the sale of 5000tonnes of iron ore to the Chinese earthquake relief effort.[86] In October 2013 it was announced that Forrest was to donate 65 million towards higher education in Western Australia. At the time the sum was believed to be the highest philanthropic donation in Australia, with most going toward funding scholarships.[87]

The Minderoo Foundation, Forrest's private foundation, was renamed as the Minderoo Group is to be expanded to include higher education contributions. The foundation has given 270 million through the foundation since 2001.[87] In 2014, Andrew and Nicola Forrest pledged 65 million over ten years through the Minderoo Foundation, establishing the Forrest Research Foundation to offer scholarships to students pursuing a PhD at a Western Australian university.[88] [89] In 2017 Forrest donated 400 million to medical research and social causes,[90] and in 2019 donated a further 655 million to expand the existing work of the Minderoo Foundation in areas including cancer research, early childhood development, ocean health, and eliminating modern slavery, the largest ever living donation by any Australian philanthropist.[91]

Personal life

Forrest is a Christian[86] and has four children, including Sophia.[92] In July 2023, after 31 years of marriage, Andrew and Nicola announced their separation. This will not affect their company.[93] [94]

Forrest purchased the 58.2m (190.9feet) superyacht Pangaea in 2018. Built by US shipyard Halter Marine in 1999, the yacht is registered in Montego Bay, Jamaica.[95] Forrest turned the yacht into an ocean research vessel for the Minderoo Foundation, with multiple laboratories and specialist research equipment installed since its purchase.[96]

In December 2015, Forrest purchased the heritage-listed Tukurua mansion in Cottesloe for $16 million.[97] The Forrest family housed refugees at the home for a period of time after the purchase. A restoration and development of additional buildings was completed in 2019.[98] [99] In 2022, Forrest purchased the nearby heritage-listed Le Fanu House.[100]

Net worth

YearFinancial Review
Rich List		Forbes
Australia's 50 Richest
RankNet worth RankNet worth
2011[101] [102] $6.18 billion
2012[103] [104] $5.89 billion
2013[105] [106] [107] $3.66 billion
2014[108] [109] [110] $5.86 billion
2015[111] [112] $2.83 billion
2016[113] $3.33 billion
2017[114] [115] $6.84 billion
2018[116] $6.10 billion
2019[117] [118] $7.99 billion
2020[119] $23.00 billion
2021[120] $27.25 billion
2022$30.70 billion
2023[121] $33.29 billion
Legend
Icon Description
Has not changed from the previous year
Has increased from the previous year
Has decreased from the previous year

External links

Notes and References

  1. 972343 . 5 December 2000 . Mr Andrew FORREST . Australian Sports Medal . For services to athletics. . 25 December 2020 .
  2. 1123784 . 1 January 2001 . Mr Andrew FORREST . Centenary Medal . For service resource development. . 25 December 2020 .
  3. News: Alan Bond makes BRW rich list comeback . Chappell, Trevor . 28 May 2008 . . news.com.au . Australia . 27 July 2011 . 15 March 2010 . https://web.archive.org/web/20100315154448/http://www.news.com.au/business/alan-bond-makes-brw-rich-list-comeback/story-e6frfm1i-1111116468829 . live .
  4. News: Twiggy joins Buffett in billionaires' pledge. Financial Review. Australia. 20 February 2013. 22 May 2013. Walsh. Katie. Luke. Forrestal. 28 July 2014. https://web.archive.org/web/20140728212110/http://www.afr.com/p/national/twiggy_joins_buffett_in_billionaires_vTmyKjhDHj0XoSodEaKPIJ. live.
  5. News: Andrew Forrest standing down as CEO of Fortescue . 1 June 2011 . Weber, David . PM (ABC Radio) . Australia . 30 April 2020 . 22 July 2021 . https://web.archive.org/web/20210722211932/https://www.abc.net.au/radio/programs/pm/andrew-forrest-standing-down-as-ceo-of-fortescue/2741430 . live .
  6. News: Fortescue under fire for not paying tax. ABC News. 9 November 2011. Australian Broadcasting Company. 30 April 2020. 3 August 2020. https://web.archive.org/web/20200803094827/https://www.abc.net.au/news/2011-11-09/fortescue-mining-company-tax/3655270. live.
  7. Web site: Fortescue Metals Group Ltd.. 2021-10-16. The Wall Street Journal. 16 October 2021. https://web.archive.org/web/20211016132203/https://www.wsj.com/market-data/quotes/AU/FMG/company-people/executive-profile/13206348. live.
  8. News: Andrew Forrest. en. Bloomberg Billionaires Index. Bloomberg L.P.. 2021-10-16. 16 October 2021. https://web.archive.org/web/20211016132203/https://www.bloomberg.com/billionaires/profiles/andrew-j-forrest/. live.
  9. News: Meet the man who inspired mining billionaire Andrew Forrest . Rule, Billy . 27 June 2010 . The Sunday Mail . Queensland . 11 December 2011 . 1 February 2011 . https://web.archive.org/web/20110201051036/http://www.couriermail.com.au/news/sunday-mail/meet-the-man-who-inspired-mining-billionaire-andrew-forrest/story-e6frep2o-1225884686907 . live .
  10. Web site: Program: Forrest . Dynasties . 28 November 2005 . ABC Television . Australia . 3 June 2012 . transcript . https://web.archive.org/web/20160817224729/http://www.abc.net.au/dynasties/txt/s1489302.htm . 17 August 2016 . dead .
  11. Book: Black . David . David Black (historian) . Bolton . Geoffrey . Geoffrey Bolton . Biographical Register of Members of the Parliament of Western Australia . One, 1870–1930 . 74 . 1990 . 0-7316-9782-0 .
  12. Book: Muir, Alison & Dinee . Forrest Family, Pioneers of Western Australia, 1842–1982 . 101 . J.R. Muir & Son . 1982 . 0-9592883-0-9.
  13. Web site: Andrew Forrest buys back Minderoo, the cattle station he grew up on . Fiona Lake blog . 30 July 2009 . 3 June 2012 . Lake, Fiona . 24 July 2012 . https://web.archive.org/web/20120724062907/http://www.fionalake.com.au/blog/news/andrew-forrest-buys-back-minderoo-the-cattle-station-he-grew-up-on/ . live .
  14. News: Forrest buys back the family farm . 24 July 2009 . Farm Weekly . Western Australia . 3 June 2012 . https://web.archive.org/web/20111005054803/http://fw.farmonline.com.au/news/state/agribusiness-and-general/general/forrest-buys-back-the-family-farm/1576509.aspx . 5 October 2011 . dead .
  15. News: Stewart, Cameron . The accidental billionaire . The Australian . 24 May 2008.
  16. Web site: UWA staff and graduates win WA Citizen of the Year Awards . 31 May 2010 . University of Western Australia . 5 December 2011 . 28 March 2012 . https://web.archive.org/web/20120328170627/http://www.news.uwa.edu.au/201005312539/alumni/uwa-staff-and-graduates-win-wa-citizen-year-awards . live .
  17. Web site: Andrew Forrest, Chairman, Fortescue Metals Group . https://archive.today/20120907032312/http://www.minesandmoney.com/london/speakers/andrew-forrest-chairman-fortescue-metals-group/ . dead . 7 September 2012 . Mines and Money .
  18. News: Thompson . Brad . 11 September 2020 . Nicola Forrest, the woman with $20b to give away . 11 April 2024 . . 2 December 2023 . https://web.archive.org/web/20231202183454/https://www.afr.com/wealth/people/nicola-forrest-the-woman-with-20b-to-give-away-20200831-p55quf . live .
  19. News: Bloomberg Billionaires Index . en . Bloomberg.com . 2022-12-03 .
  20. Web site: The roller-coaster career of Andrew 'Twiggy' Forrest . Nikkei . 20 July 2021.
  21. Web site: Fortescue woes stir Anaconda memories . 17 September 2012 . Sydney Morning Herald . 20 July 2021 . 20 July 2021 . https://web.archive.org/web/20210720100142/https://www.smh.com.au/business/fortescue-woes-stir-anaconda-memories-20120917-261r5.html . live .
  22. Herald Sun newspaper, Melbourne. 6 August 2005
  23. News: Forrest takes a $1.5bn hit . 1 October 2011 . Ker, Peter . The Sydney Morning Herald . 11 December 2011 . 14 November 2011 . https://web.archive.org/web/20111114223529/http://www.smh.com.au/business/forrest-takes-a-15bn-hit-20110930-1l1j9.html . live .
  24. News: Mercer . Daniel . 2023-08-13 . Sadness, anger as billionaire miner's legal battle with the Yindjibarndi puts native title rights on trial . en-AU . ABC News . 2023-08-13 . 13 August 2023 . https://web.archive.org/web/20230813111805/https://www.abc.net.au/news/2023-08-13/native-title-rights-on-trial-fmg-yindjibarndi-andrew-forrest/102716272 . live .
  25. Web site: The Windarra Nickel Project Feasibility Study Overview . Poseidon Nickel Limited . 13 May 2019 . September 2013 . 17 March 2019 . https://web.archive.org/web/20190317045636/http://poseidon-nickel.com.au/wp-content/uploads/2015/01/The-Windarra-Nickel-Project-Feasibility-Study-Overview-V4.pdf . live .
  26. News: Magnate's new Poseidon adventure . The Sydney Morning Herald . 14 April 2007 . 19 August 2007 . 1 July 2007 . https://web.archive.org/web/20070701135945/http://www.smh.com.au/news/business/magnates-new-poseidon-adventure/2007/04/13/1175971360135.html . live .
  27. News: Fortescue's Andrew Forrest warns of minerals resource rent tax High Court challenge . Lawson, Rebecca . PerthNow . 13 June 2011 . 11 December 2011 . 2 September 2011 . https://web.archive.org/web/20110902065458/http://www.news.com.au/business/andrew-forrest-warns-of-mrrt-high-court-challenge/story-e6frfm1i-1226074332180 . live .
  28. News: Andrew Wilkie backs Andrew Forrest's mining tax bid . Ryan, Siobhain . Wilson, Lauren . The Australian . 15 June 2011 .
  29. News: Mining tax to drive up foreign resources ownership: Forrest . 29 June 2011 . The Age . Melbourne . 11 December 2011 . 3 August 2011 . https://web.archive.org/web/20110803023337/http://www.theage.com.au/business/mining-tax-to-drive-up-foreign-resources-ownership-forrest-20110629-1gpym.html . live .
  30. News: Forrest slams 'unfair' tax . Fitzgerald, Barry . 4 August 2011 . Melbourne . The Age . 11 December 2011 . 30 August 2011 . https://web.archive.org/web/20110830061252/http://www.theage.com.au/business/forrest-slams-unfair-tax-20110803-1ibkp.html . live .
  31. News: Treasurer lashes Forrest's tax claim . 9 November 2011 . The Sydney Morning Herald . 11 December 2011 . 10 November 2011 . https://web.archive.org/web/20111110024808/http://www.smh.com.au/national/treasurer-lashes-forrests-tax-claim-20111108-1n5n7.html . live .
  32. Web site: Mining tax protects big companies only: Twiggy . 3 November 2011 . WA Today . 11 December 2011 . 4 March 2016 . https://web.archive.org/web/20160304053204/http://www.watoday.com.au/wa-news/mining-tax-protects-big-companies-only-twiggy-20111103-1mx3t.html . live .
  33. Web site: Andrew Forrest takes home $2.4bn dividend on record Fortescue profit. 1 September 2021. 1 September 2021. https://web.archive.org/web/20210901170641/https://www.theaustralian.com.au/business/mining-energy/andrew-forrest-takes-home-24bn-dividend-on-record-fortescue-profit/news-story/8c7a0ac61d696af4036342f64796481e. live.
  34. Web site: Who We Are . 2022-12-03 . Tattarang . en-AU . 3 December 2022 . https://web.archive.org/web/20221203165318/https://www.tattarang.com/who-we-are/ . live .
  35. News: Aishia . Samantha . Jambor . Claudia . Akubra owners tip their hats to billionaire 'Twiggy' Forrest after selling him iconic brand . 19 November 2023 . ABC Coffs Coast . Australian Broadcasting Corporation . 19 November 2023 . en-AU . 19 November 2023 . https://web.archive.org/web/20231119023151/https://www.abc.net.au/news/2023-11-19/andrew-twiggy-forrest-buys-akubra-hat-company/103123226 . live .
  36. News: 13 September 2017 . Indo Pacific Rugby Championship: Andrew 'Twiggy' Forrest reveals details of new rugby competition . The Australian . 15 November 2018 . 16 January 2021 . https://web.archive.org/web/20210116100301/https://www.theaustralian.com.au/sport/andrew-twiggy-forrest-reveals-details-of-new-rugby-competition/news-story/123a67fa7fb93bd0df05b82eb8fbc85c . live .
  37. News: 6 March 2018 . Western Force to return to action in World Series Rugby . ESPN . 22 March 2018 . 13 March 2018 . https://web.archive.org/web/20180313092253/http://www.espn.com.au/rugby/story/_/id/22659958/western-force-return-action-world-series-rugby . live .
  38. News: 7 April 2020 . 2020 Season cancelled . Channel News Asia . https://web.archive.org/web/20200407080116/https://www.channelnewsasia.com/news/sport/rapid-rugby-cancels-inaugural-season-due-to-coronavirus-12617056 . 7 April 2020.
  39. Web site: Burrell, Andrew . 1 March 2014 . Andrew Forrest buys up Pilbara stations in Stowe sale . 2 May 2014 . . 3 March 2014 . https://web.archive.org/web/20140303154355/http://www.theaustralian.com.au/business/andrew-forrest-buys-up-pilbara-stations-in-stowe-sale/story-e6frg8zx-1226841552995 . live .
  40. Web site: Thompson, Brad . 6 August 2015 . Forrest adds cattle stations in big cattle drive . 2 October 2015 . . 4 October 2015 . https://web.archive.org/web/20151004113904/https://au.news.yahoo.com/thewest/countryman/a/29193245/forrest-adds-cattle-stations-in-big-cattle-drive/ . live .
  41. Web site: Liveris, James . Warriner, Jessica . 9 July 2020 . Andrew Forrest buys Kimberley's Jubilee Downs and Quanbun Downs for more than $30 million . 9 July 2020 . . Australia . 9 July 2020 . https://web.archive.org/web/20200709110609/https://www.abc.net.au/news/rural/2020-07-09/andrew-forrest-buys-jubilee-downs-quanbun-downs-for-30-million/12437842 . live .
  42. Web site: Thomson . James . 2010-07-18 . Medical company backed by mining billionaire Andrew Forrest launches biotech investment push . 2023-03-25 . SmartCompany . en-AU . 17 March 2023 . https://web.archive.org/web/20230317130330/https://www.smartcompany.com.au/finance/wealth-management/20100719-medical-company-backed-by-mining-billionaire-andrew-forrest-launches-biotech-investment-push/ . live .
  43. Web site: Stafford, Patrick . 21 June 2011 . Andrew Forrest-backed biotech lists on ASX . dead . https://web.archive.org/web/20111216223714/http://www.smartcompany.com.au/health-and-pharmaceuticals/20110621-andrew-forrest-backed-biotech-lists-on-asx.html . 16 December 2011 . SmartCompany.
  44. Web site: Evans . Nick . 2011-02-15 . Forrest biotech company to list . 2023-03-25 . PerthNow . en . 17 March 2023 . https://web.archive.org/web/20230317130331/https://www.perthnow.com.au/news/wa/wa-biotech-biomd-makes-play-for-allied-medical-ng-4f19d2d5d636c7f65676a1ae890dafd3 . live .
  45. Web site: Smith . Sean . 2013-11-21 . Allied rebrands as Admedus . 2023-03-25 . The West Australian . en . 17 March 2023 . https://web.archive.org/web/20230317130333/https://thewest.com.au/business/finance/allied-rebrands-as-admedus-ng-ya-361416 . live .
  46. Admedus Changes Name to Anteris Technologies Ltd . 2020-06-01 . GlobalNewswire . 2023-03-25.
  47. Web site: Andrew Forrest – Fortescue Metals Group . Ernst & Young . 11 December 2011 . 25 April 2012 . https://web.archive.org/web/20120425135040/http://www.eoy.ey.com.au/andrew-forrest-fortescue-metals-group/w1/i1609853/ . dead .
  48. 1154613 . 26 January 2017 . Mr John Andrew FORREST . Officer of the Order of Australia . AO . For distinguished service to the mining sector, to the development of employment and business opportunities, as a supporter of sustainable foreign investment, and to philanthropy. . 25 December 2020 .
  49. News: Hamish Hastie . 5 December 2019 . The doctor is in: Andrew 'Twiggy' Forrest gets PhD in marine science . . Australia . 1 Feb 2021 . 24 January 2021 . https://web.archive.org/web/20210124163110/https://www.smh.com.au/business/companies/the-doctor-is-in-andrew-twiggy-forrest-gets-phd-in-marine-science-20191205-p53hcr.html . live .
  50. Web site: Twiggy's got friends in high places . Tom . Cowie . The Power Index . 16 August 2011 . dead . https://web.archive.org/web/20111130203557/http://www.thepowerindex.com.au/circles/twiggy-s-friends-in-high-places/20110816283 . 30 November 2011 .
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  53. News: Forrest . Andrew . Boyer Lectures with Dr Andrew Forrest AO . 31 Jan 2021 . . 1 February 2021 . 23 January 2021 . https://web.archive.org/web/20210123034803/https://www.abc.net.au/radionational/programs/boyerlectures/andrew-forrest-ao/13072386 . live .
  54. Web site: Andrew and Nicola Forrest . . February 2013 . 23 June 2017 . 19 August 2017 . https://web.archive.org/web/20170819191400/https://givingpledge.org/Pledger.aspx?id=196 . live .
  55. Web site: Robin . Myriam . 2013-02-20 . Andrew 'Twiggy' Forrest pledges to give away half his wealth . 2023-02-24 . SmartCompany . en-AU . 24 February 2023 . https://web.archive.org/web/20230224053501/https://www.smartcompany.com.au/business-advice/innovation/andrew-twiggy-forrest-takes-pledge-to-give-away-half-his-wealth/ . live .
  56. Web site: I'm not stepping down because of ASIC: Forrest . 1 June 2011 . BusinessDay . 11 December 2011 . 17 November 2011 . https://web.archive.org/web/20111117230020/http://www.businessday.com.au/business/im-not-stepping-down-because-of-asic-forrest-20110601-1ffeq.html . live .
  57. Web site: Our People . Australian Indigenous Education Foundation . 2011 . 7 September 2011 . dead . https://web.archive.org/web/20110903123611/http://www.aief.com.au/Our-Story/Our-People.aspx . 3 September 2011 .
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  61. News: Andrew Forrest's dance of destiny with Aboriginal mentor . Rule, Billy . Sunday Times . Western Australia . 26 June 2010 . 11 December 2011 . 7 April 2012 . https://web.archive.org/web/20120407003901/http://www.perthnow.com.au/business/andrew-forrests-dance-of-destiny-with-aboriginal-mentor/story-e6frg2r3-1225884637369 . live .
  62. Web site: James Packer joins Andrew Forrest to ease plight of jobless . The Sunday Telegraph . 21 February 2010 . Australia . 11 December 2011 . 17 March 2012 . https://web.archive.org/web/20120317083313/http://www.perthnow.com.au/business/business-old/james-packer-joins-andrew-forrest-to-ease-plight-of-jobless/story-e6frg2qu-1225832728419 . live .
  63. Web site: Andrew Forrest Yakety Yak interview . 27 May 2011 . The Centre for Social Impact . dead . https://web.archive.org/web/20120406203406/http://www.csi.edu.au/site/Knowledge_Centre/Asset.aspx?assetid=be494e2af6c0d7c3 . 6 April 2012 .
  64. Web site: End Indigenous disadvantage with jobs: Andrew Forrest . 20 June 2011 . Campus Daily . dead . https://web.archive.org/web/20120406234654/http://www.campusdaily.com.au/read_university_news.php?title=end_indigenous_disadvantage_with_jobs_andrew_forrest_30085 . 6 April 2012 .
  65. News: Andrew 'Twiggy' Forrest urges big business to hire indigenous Australians. Drew. Warne-Smith. 19 March 2009. The Australian. 11 December 2011. 9 April 2011. https://web.archive.org/web/20110409105225/http://www.theaustralian.com.au/business/news/andrew-twiggy-forrest-urges-big-business-to-hire-indigenous-australians/story-e6frg906-1225842841164. live.
  66. News: PM backs Forrest's aboriginal job plan. WA Today. 4 August 2008. 21 March 2009. 10 August 2008. https://web.archive.org/web/20080810215633/http://www.watoday.com.au/national/pm-backs-forrests-aboriginal-job-plan-20080804-3phf.html. live.
  67. News: Screams in the night spur magnate into action. The Sydney Morning Herald. 4 October 2008. 6 December 2011.
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  72. News: Fortescue accused of rigging land rights deal . 7.30 . . 24 December 2012 . 23 June 2017 . Herbert, Bronwyn . 6 May 2017 . https://web.archive.org/web/20170506004213/http://www.abc.net.au/news/2012-11-20/fmg-accused-of-rigging-meeting/4382826 . live .
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  77. News: Andrew Forrest's dream to stop all slavery. The Sydney Morning Herald. 18 March 2014. Miller, Nick. 19 March 2014. 20 March 2014. https://web.archive.org/web/20140320122528/http://www.smh.com.au/national/andrew-forrests-dream-to-stop-all-slavery-20140317-34y2g.html. live.
  78. News: Andrew Forrest signs up religious forces to fight slavery and trafficking. The Guardian. 18 March 2014. Milman, Oliver. Australia.
  79. Web site: Australian Grace Forrest inspires Pope Francis and other world religious leaders to sign pledge to eradicate slavery by 2020 . 3 December 2014 . 14 December 2014 . https://web.archive.org/web/20141214175849/http://www.smh.com.au/world/australian-grace-forrest-inspires-pope-francis-and-other-world-religious-leaders-to-sign-pledge-to-eradicate-slavery-by-2020-20141202-11ytpw.html . live .
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  82. News: Andrew Forrest strikes cheap coal deal to end Pakistan slavery. The Australian. 23 January 2014.
  83. News: Pope and Welby joined by imams and rabbis for anti-slavery declaration . 2 December 2014 . 24 December 2020 . .
  84. Forrest library unrelieved . The Haleian . 21 . 2 . November 2009 . 8–9 . dead . https://web.archive.org/web/20120118010254/http://www.hale.wa.edu.au/News-And-Events/Publications/Pages/haleianmagazine.aspx . 18 January 2012 .
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  88. Forrest Research Foundation Scholarships attract world's best minds. The University of Western Australia. 23 February 2017. en. 18 March 2017. https://web.archive.org/web/20170318160041/http://www.news.uwa.edu.au/201505297657/alumni/forrest-foundation-research-scholarships-attract-worlds-best-minds. live.
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  92. News: Andrew Forrest donated his daughter Sophia's inheritance and she couldn't be happier. Clarke. Jenna. 1 July 2017. The Sydney Morning Herald. 24 March 2018. https://web.archive.org/web/20180227080844/https://www.smh.com.au/entertainment/celebrity/sophia-forrest-i-couldnt-think-of-anything-worse-than-fame-im-here-to-make-a-difference-20170629-gx11ng.html. 27 February 2018. dead.
  93. Web site: Andrew Twiggy Forrest and Nicola Forrest separation: Mining couple announce split . 12 July 2023 . 12 July 2023 . https://web.archive.org/web/20230712144843/https://amp.9news.com.au/article/77f58b60-a45c-4320-b25d-632f4800022f . live .
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  97. Web site: Pownall . Angela . 2015-12-18 . Forrest buys Cott mansion for $16m . 2023-01-11 . The West Australian . en . 11 January 2023 . https://web.archive.org/web/20230111052516/https://thewest.com.au/business/finance/forrest-buys-cott-mansion-for-16m-ng-ya-134236 . live .
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