Business
‘Twiggy’ Forrest collects $2b as Fortescue posts record profit – Sydney Morning Herald
Fortescue will pay out a record dividend to shareholders, sending nearly $2 billion into the bank account of Andrew ‘Twiggy’ Forrest for the year.
His holding earned him a final dividend payment of $1.1 billion, bringing his total dividend payment for the year to more than $1.95 billion.
Mr Forrest is one of Australia’s wealthiest people and leading philanthropists. He and his wife, Nicola, have given more than $2 billion to their philanthropic group, the Minderoo Foundation.
Analysts on Monday said the market would be impressed with Fortescue’s strong performance and better-than-expected dividend payout. Morgans analyst Adrian Prenderga…
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