Andrew Forrest

In 1993, Andrew Forrest began his first mining firm, Anaconda Nickel, by purchasing a share in the corporation, which went bankrupt in 2001. Glencore acquired it and renamed it Minara Resources. "Twiggy" is his nickname. After nine years, he formed Fortescue Metals Group (FMG), which mines and exports ores to China. In the year 2008, he became one of the richest people in Australia. Andrew 'Twiggy' Forrest, another mining titan, is still benefiting from the iron ore price increase in 2020. The proud Australian managed to increase his personal fortune by 7% this year, but he did practically everything he could to reduce it.

Aside from obtaining R.M. Forrest Williams, Andrew Forrest maintained his focus on humanitarian endeavors, contributing $109.6 million, the most of anybody on The List. He and his wife donated the majority of their money to charity in 2013. They were the first billionaires in Australia to do so.

Net worth: AUD $31.77 billion