Thursday, 13 July, 2023 - 16:01
Forrests carve up their wealth
A series of share transfers and company restructures over the past six months mean that Andrew and Nicola Forrest will have a roughly equal split of their $34 billion fortune.
Coaxial Ventures is a private entity of Nicola Forrest and her children. Coaxial Private, Coaxial Management, and Coaxial Finance are three other related entities. All were solely held (at time of writing in 2024) by Nicola Forrest, but Coaxial Private and Coaxial Ventures both listed Nicola and her children as directors.
The Coaxial companies were established in 2023 as part of the separation of Nicola and Andrew Forrest's assets. At the time of that separation, Coaxial Ventures held 50 million FMG shares independently from Tattarang.
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NEWS: Tagged in Forrests carve up their wealth | 19 Dec 2024 |
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NEWS: Tagged in Nicola Forrest establishes new foundation | 03 May 2024 |
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ADDED: Added to Family offices list | 26 Apr 2024 |
A series of share transfers and company restructures over the past six months mean that Andrew and Nicola Forrest will have a roughly equal split of their $34 billion fortune.
Nicola Forrest has signed up two experienced Minderoo executives as co-directors of a new foundation but says she remains committed to her philanthropic endeavours with ex-partner Andrew Forrest.
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Coaxial Ventures is included in 1 list - Family offices.