Andrew Forrest & family
Source of wealth: Mining
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The scale of their wealth
Health
The price of life
Let's compare Andrew Forrest & family's fortune with the healthcare spending of a massive country
Andrew Forrest & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 9.3 years.
But even if we compare their fortune with that of a rich country
On the other end, Andrew Forrest & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 4.1 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Andrew Forrest & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 6.1 years.
And yes, we can also compare it with a rich country
But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Andrew Forrest & family could pay for it entirely for 8.3 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Andrew Forrest & family could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 34.9 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Andrew Forrest & family with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.8 years.
Gold
Everyday luxuries
Andrew Forrest & family's fortune is equivalent to 142 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.
A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.
Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.
Andrew Forrest & family could buy 37,910,695 gold rings. That's a lot of fingers and way too many gifts!!
And if you're struggling to visualize that many rings, it would take 7 trucks to transport them. Although Andrew Forrest & family will almost certainly have enough money left over to pay for the gas.
Biography
Andrew Forrest founded Fortescue Metals Group in 2003. It's an iron ore giant which is now transforming itself into a green energy powerhouse.
In 2022, his privately held Squadron Energy paid an estimated A$4 billion for Australia's biggest wind energy company, CWP Renewables.
Forrest has also promised to spend A$750 million on rebuilding Ukraine's energy and communications infrastructure.
Forrest and his wife Nicola founded Minderoo Foundation, a philanthropic outfit with an A$9.6 billion endowment, focused on everything from gender equality to climate change to rebuilding Ukraine.
Forrest and Nicola announced their separation in July 2023 after being married for more than three decades.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison