Question
Andrew Forrest is a highly respected businessman and philanthropist admired as much for his leadership in the corporate arena as for his passionate devotion to
Andrew Forrest is a highly respected businessman and philanthropist admired as much for his leadership in the corporate arena as for his passionate devotion to several humanitarian causes on the world stage. In his 30s, Forrest founded Anacond a Nickel, a comp any that is now one of Australia's largest mineral exporters. As the former CEO and current Chairman of Fortescue Metals Group, a comp any valued at AS 16 billion, Forrest is one of Australia's wealthiest businessmen, and the nation's leading philanthropist. In 20 17 alone, he donated over A$400 million to charitable causes.
Born in Perth, Western Australia in 196 1, Forrest was educated at Christ Church Grammar School and the Hale School. He spent his early years working as a jackaroo at Minderoo Station, a property managed by his father, located in the Pilbara region of Western Australia. As a young man, Forrest attended the University of Western Australia, majo ring in economics and politics.
Following his graduation, he worked for a time as a stockbroker at Kirke Securities before becoming the founding CEO of Anaconda Nickel. In 200 3, he acquired a controlling interest in Allied Mining and Processing, renaming it the Fortescue Metals Group . The group has dominant interests in the Pilbara region , an area rich in iron ore , with active sites at Mount Nicholas, Christmas Creek, Cloud break and Tongolo. In 2007, Forrest further expanded his interests in the mineral resources sector by acquiring Niagara Mining which has operations in Laverton, Western Australia. In 20 11, Forrest was named by Ernst & Young as the western region's Entrepreneur of the Year.
Forrest 's expansion into the cattle industry began in 2009 , when he bought back Minderoo Station . This was the property he had spent time on as a youngster - and which had been sold by his father in 199 8 out of necessity, due to insurmountable debt caused by a severe drought . In 2014 , Forrest purchased several nearby cattle stations, including Nanutarra and Uaroo , bringing histotal pastoral property holdings to more than 7000 square kilometres. The same year, Forrest purchased Harvey Beef, a meat processing firm, for A $ 40 million. The company is the largest beef exporter in Western Australia, with a significant market in China. In 20 15, Forrest purchased two more stations, Brick House and Minilya, lifting his total pastoral land holdings to more than 10000 square kilometres. In 2017, Andrew Forrest 's net worth was A $6 .84 billion, making him the sixth richest person in Australia, and placing him in the top 300 wealthiest individuals worldwide (Stensholt & Tadros, 20 17).
Unlike many other successful business leaders, Forrest sees no value in the accumulation of wealth, unless the money can be used to improve the human condition. In 20 11, it was estimated that he spent more than 50 percent of his time and energy on indigenous projects. Accordingly, he decided it was time to step down from his role as CEO at Fortescue Metals, while remaining as the Group 's chairman. This move freed him up to concentrate on a series of charitable causes and humanitarian endeavours. He has subsequently devoted more and more of his time to these undertakings over the last eight years (Web er, 20 11).
As an ambassador to the Australian Indigenous Education Foundation, and co - founder with his wife Nicola of the Australian Children's Trust , Forrest has been able to raise significant sums of money for civic initiatives. This money has flowed into programs designed to improve the lives of others by creating regenerative opportunities for many disadvantaged citizens. As early as 2007, Forrest had donated A$90 million to his children's charity, and in 20 13 alone he donated A$65 million towards higher education scholarships in Western Australia. His private philanthropic organisation, the Minderoo Foundation, has donated A $270 million to philanthropic causes since 2001. The A $4 00 million he donated to charitable causes in 20 17 is without precedent in Australia.
- Is Andrew a positive role model for leaders today? Give reasons to support your answer and give references and citations too. Exceptionally clear understanding and use of theory and evidence to address questions, and evaluate claims and solutions.
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