Worst Billionaire?

Guest Post from My Ning. It’s a little hard to tell whether My Ning is nominating this piece for worst person, worst newspaper, worst journalist or worst private school, but what the hey, let’s tick all of them. The fact that he has included a shot of the billionaire’s bonce showing it at it’s worst is good enough for me. My Ning says…

During the past few months, The West Australian has been reminding us of what a fantastic success Andrew “Twiggy” Forrest was when he went to the private WA boys private school Hale back in the late 1970s.
Forrest, of course, is the Cottesloe-based billionaire and great grand nephew of pioneering WA premier Sir John Forrest, who has made a fortune from spruiking minerals stocks.

 

Andrew Forrest

In some recent articles in The West, most notably in an extended cover piece by chief reporter Mark Drummond, the paper has gone to some lengths to tell us how Forrest – during his two years at Hale (1978 and 1979) – was a school prefect, a house captain, a member of the first XV rugby team, an interschool athlete and swimmer and, finally, a member of the school’s debating team.
Forrest, the Drummond article said, went to Hale after spending some years at Christ Church Grammar School, which he left, apparently, because he had a penchant for standing up to bullies.
What the piece didn’t mention, however, was the fact Forrest repeated year 11 at Hale after a disastrous one at CCGS.
If anything, this all proves two things: (1) groveling celebrity articles about the rich and famous always seem to omit crucial details, and; (2) it is important to choose the right private school for your kiddies.

About The Lazy Aussie

Commended Haiku writer. A lover of The West's Worst. Perth stand-up comedian, photographer and writer.
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48 Responses to Worst Billionaire?

  1. Yes and the story to be told is how close Murrin Murrin cam to bankruptcy , saved only by the lucky increase in the nickel price ( connected to China’s appetite for steel). At one stage they were chucking process engineers at it like nobody’s business. Still to my knowledge has not achieved its hoped for rate of efficiency. this means that when the mining boom ends it will be in trouble.

    Like

  2. lazyaussie says:

    Yes, Forrest jumped off just before the crap hit if I remember rightly.

    Like

  3. My Ning says:

    The crap had well and truly hit the fan when Forrest was pushed out of Anaconda by (amonst others) Anglo American…there’s a rumour now that he will sell his FMG stock to pay his looming ASIC fine. If the company doesn’t manage to meet its ambitious first year production target of 45 million tonnes of iron ore, this could prove to be a quite convenient way out for the Twig….

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  4. Twig's for the brig says:

    …there’s a rumour now that he will sell his FMG stock to pay his looming ASIC fine.

    Funny thing that, I was chatting to a bloke just last week who said exactly the same thing…

    Like

  5. lazyaussie says:

    Couldn’t he pay the fine out of his small change tray?

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  6. xiang mein says:

    What date/month/ year, was Andrew Forrest born and where?

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  7. 1961 was the year xiang. Don’t know the rest.

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  8. xiang mein says:

    Does anyone know the D.O.B. and place of birth details of Andrew Forrest that can help. I am writing a thesis and need to include..

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  9. Frank Calabrese says:

    Mark Drummond must be busily typing and massaging a certain part of his anatomy upon hearing this news. :-)

    http://www.abc.net.au/news/stories/2008/03/06/2182395.htm?section=justin

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  10. skink says:

    Twiggy’s big face graced the cover of last week’s Fin Review Magazine under the headline

    “the Good, the Bad and the Ugly – WA’s boom has created huge wealth, producing brash new billionaires, but will success go to its head”

    one assumes that the AFR is also making a joke about his big fat face

    the article also contains a wonderful photo of Luke Saraceni leaning on his Ferrari outside his McMansion – he’d be my choice for teh worst of a bad bunch

    Like

  11. thebitterteen says:

    Worst journalist and worst newspaper certainly comes to mind in regards to the post. The West Australian makes me feel like a moron and subsequently I’ve moved on to the Australian which is an outstanding newspaper. CCGS should be in “worst school”, if there was such a category…

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  12. My Ning says:

    I’m sure the Twiggster would agree with CCGS being the worst school – goodness knows the hung up know-it-all Anglican dickheads who taught there circa the mid-late 1970s had no time to nuture (or even bother looking at) the talents of what became Australia’s richest man (at least on paper). Fuck did those clowns have some insight…..still, it was probably a better place to go to than Hale (where the let’s-repeat-year-11 Twiggy thrived), as Richard Court’s name would have appeared on a few honour boards. Hearing that name, to quote Gogol, makes every vein in one’s body shudder with revulsion.

    Like

  13. rcb says:

    does anyone know how Twig acquired his options and shares… like right at the beginning?

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    • Grrr says:

      At the beginning of the FMG saga?
      I’m sure it’s buried in a prospectus somewhere issued under Allied Mining and Processing (ASX:AMS), or whatever the company was that he forged into ‘The New Force In Iron Ore’.

      From memory, Allied was in parlous state and Twiggy, having seen the China train coming, and all this iron ore just sitting on the surface of the Pilbara, offered to help pick the company up by the bootstraps in return for a nice, healthy controlling share.

      If you have the money (and it doesn’t take a lot), and the vision, its easy to shuffle funds and options and ownership and make money by doing nothing, while getting other people to pay for you to do it.

      The hardest part is to sell your vision thing.

      Like

  14. Pfortner says:

    Just looking over the photo and… hair plugs?

    Like

  15. Dick says:

    I HATE DIANEELA HIGHTS IF IT IS INCLUDED!

    Like

  16. Dick says:

    The kids only get one maths sheet for homework of somes like 2+2 what the hell and all the plants there are dead.

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  17. The Legend 101 says:

    Thankyou Bento my comment is a bit late but i certainly will.

    Like

  18. The Legend 101 says:

    Thats Offensive im pretty sure is not

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  19. The Legend 101 says:

    Sorry I did that im terribly sorry and i dont really know.

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  20. Bill O'Slatter says:

    Twiggie is working on his autobiography. Its called “Slum dog Billionaire”.

    Like

  21. Feng Huang says:

    Andrew Forrest faces being banned from running Fortescue Metals Group after he was found to have misled the stock market (http://www.smh.com.au/business/twiggy-faces-board-ban-20110218-1azkp.html). After the Federal Court decision, Andrew has decided to step aside from his position at FMG. He is currently without a job.

    In 2011, Andrew is subject to speculation that he is xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx There are rumours that due to the xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Andrew may xxxxxxxxxxxxxxxxxxxxxxxxxxxx.

    In addition, the Yindjibarndi Aboriginal People have described Andrew Forrest as a “Two-faced bully with high-price lawyers!”(http://yindjibarndi.org.au/yindjibarndi/?page_id=298). The Yindjibarndi people have tried to negotiate with FMG over several years, but FMG has xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    Also, former Director of Education Programs for GenerationOne, Chris Lawrence says that he was xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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  22. The Legend 101 says:

    The Worst Billonare is Ron Blunt, He owns Apple Electronics U.S.A, Anyway I hate him and wants the point of Ipad 2 and also Iphone 5 oh wow its waterproof big deal, Iphone 5 comes out in August B.T.W.

    Like

  23. Bartender's Skills with a Manhatten says:

    Hale?

    Didn’t get accepted at Yarvard, eh?

    Like

  24. bonkers says:

    Andrew Forrest was born 19/11/1961 his birthdate is not given in Wikipedia but if you do a google search and put Andrew Forrest Birthdate a news article will come up stating his 50th birthday was Saturday 19/11/2011 this is international mens day World Toilet day. on ABCTV24 news today High Court challenge rent resource tax, he was dissapointed he lost. Wednesday 7/8/2013.
    Regards.

    Like

  25. Sir Bill International says:

    Nice try on getting an inquiry into the iron ore price Twigs, but had fail wriitten all over it.

    Like

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