Business
This man just made $1.2 billion in one day – Yahoo Finance Australia
It’s Andrew Forrest’s second billion-dollar year.
Australian mining magnate Andrew Twiggy Forrest will have a billion-dollar payday, after a bumper year for his mining company, Fortescue Minerals Group.
Fortescue reported profits after tax surged 49 per cent on last year to US$4.7 billion (AU$6.5 billion), with shareholders set to receive a fully franked final dividend of $1 per share.
That means Forrest, who paid $249 million for an extra 22 million Fortescue shares back in February, will receive a nearly $1.2 billion payout in a single day….
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