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Friday, May 30, 2014 5:02:16 PM
Andrew Forrest is the founder and still owns near 33% of Fortescue Metals Group. Fortescue Metals Group is an Australian based company that came from nowhere in 2003 and is now ranked as the 4th largest iron ore producer in the world, with a market cap of 15.4 billion. Andrew Forrest is number 308 on the Forbes Billionaire list with an estimated worth of 5 billion. At one time Forrest was the wealthiest man in Australia. Forrest’s wealth was built on iron ore sales to China. Fortescue Metals Group was started in 2003 with money from Eddie Sugar who is now involved in TNGL.
http://www.forbes.com/profile/andrew-forrest/
http://www.smh.com.au/business/earnings-season/forrest-pockets-102m-fortescue-dividend-20130822-2scz0.html
http://www.news.com.au/finance/business/forrest-says-china-growth-bigger-than-ever/story-e6frfkur-1226689684843
Gina Rinehart is currently developing one of the world's largest iron ore mines. Rinehart is number 46 on Forbes billionaire list with a worth of 18 billion.
http://www.forbes.com/profile/gina-rinehart/
http://www.theguardian.com/business/2014/mar/21/gina-rinehart-secures-funding-to-operate-her-own-iron-ore-mine
Meet mining’s top ten billionaires for 2014:
http://www.miningaustralia.com.au/features/mining-s-top-ten-billionaires-for-2014
Meet mining’s 40 richest billionaires:
http://www.mining.com/tag/2012-mining-billionaires/
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