Forrest

Fortescue shares were punished on the day, falling 5 per cent and wiping about $3 billion off the miner’s books.With Hick joining a growing list of senior executives leaving Fortescue, Forrest on Wednesday said the easy decision for the…

As of May, Forrest was the second-richest person – after Gina Rinehart – in Australia, worth $33.3 billion.“Accumulating wealth should only be a small part of a person,” Forrest said. “Their contribution to their family and society is way…

Disclaimer: Opinions expressed below belong solely to the author. The article does not constitute financial advice. Author has no stake in Sea Ltd. or any competing company. I am typically full of admiration for how Sea Ltd. and its…

The key change was to replace giant power-hungry ball mills: rotating drums filled with ceramic balls to crush the rock.“This was something we really did take our time on, which was unusual for us,” Forrest said.Instead, the rock is crushed…

Sea Ltd. has announced that it has completed major changes to its business structure in order to deliver long-term profitability, according to a memo by its billionaire founder Forrest Li. The announcement comes as the company recently…

Both Cannon-Brookes and Forrest have been manoeuvring into positions to improve their chances. Grok has extended a $65 million line of credit to the company to tide it over, while Forrest has been busy buying out creditors – a move that may…

Billionaire couple Andrew and Nicola Forrest have expanded their tourism footprint with the purchase of the planned high-end Waldorf Astoria hotel at Sydney’s Circular Quay precinct for a suggested $575 million.Under the plan, their…

But last year Fortescue moved to sign up a different supplier for its heavy mining vehicles because it was able to deliver a fleet of more environmentally friendly vehicles on a tighter timetable.The Forrest camp argues that it was after…

“I’m particularly sensitive about answering questions from The West, we would normally not co-operate, but these are excellent questions.”Forrest told the meeting he had put his foot down with WesTrac after it claimed it would not be able…

Normal text sizeLarger text sizeVery large text sizeHow many billionaires does it take to change a light bulb? None. Billionaires don’t change light bulbs, or so the joke goes. But they can invest billions to reshape the energy market, as…