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How Australian mining magnate’s ‘undercover billionaire’ wife plans to GIVE AWAY up to $27billion


She is Australia’s most generous philanthropist, but most of us wouldn’t have a clue who she is. 

Nicola Forrest has been married to iron ore magnate Andrew Forrest for 30 years and reluctantly edged into the spotlight when the mining power couple pledged to give away the ‘vast majority’ of their fortune in their lifetimes.

Based on the value of their shares, especially in Fortescue Metals Group, their wealth is estimated at $27.25billion, much of it made from exporting iron ore to China.

Mr Forrest built his fortune in mining by founding Anaconda Nickel Ltd, now known as Minara Resources, in 1994, before founding Fortescue in 2003 and mining iron ore in Western Australia’s Pilbara region.

Nicola Forrest is Australia's most generous philanthropist - but most Aussies don't have a clue who she is

Nicola Forrest is Australia’s most generous philanthropist – but most Aussies don’t have a clue who she is

It's a family joke that Mrs Forrest is known as the 'undercover billionaire' (Nicola Forrest is pictured left with her daughter Grace, who heads a human rights organisation that Nicola funds)

It’s a family joke that Mrs Forrest is known as the ‘undercover billionaire’ (Nicola Forrest is pictured left with her daughter Grace, who heads a human rights organisation…



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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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