Original article by Julie-anne Sprague, Robert Guy
The Australian Financial Review – Page: 13 & 16 : 23-Jan-20
Fortescue Metals Group’s share price rose to a new record high of $12.69 on 22 January, extending the stock’s gain in the year-to-date to 18.7 per cent. The rally has seen the stake of founder and chairman Andrew Forrest rise to around $13.9bn; when his other investments are taken into account, Forrest’s estimated wealth is now about $15.9bn. Other Fortescue executives with an equity interest in the pure-play iron ore miner have also benefited from the stock’s rise, including CEO Elizabeth Gaines and deputy CEO Julie Shuttleworth.
FORTESCUE METALS GROUP LIMITED – ASX FMG