Mike Cannon-Brookes
Business

The $30 billion Sun Cable project hits voluntary administration amid falling out between billionaire backers Mike Cannon-Brookes and Andrew Forrest

- January 12, 2023 2 MIN READ

A $30 billion project to send solar-generated power made in Australia to Singapore has been placed in voluntary administration (VA) amid a reported falling out between its key backers, the tech and mining billionaires Mike Cannon-Brookes and Dr Andrew Forrest. Cannon-Brookes and Forrest are cornerstone investors in Singapore-based Sun Cable – the Atlassian co-founder through his private… Read more »

Venture Capital

Twiggy Forrest is backing biotech with a new $250 million VC fund

- August 15, 2022 2 MIN READ

WA mining billionaire Andrew Forrest has turned his investment attention to the health tech sector, with a new $250 million venture capital fund. The VC, Tenmile, is being backed by Tattarang, the Fortescue Metal Group founder’s private investment company. Tenmile will target startups focused on unmet medical needs that support sustainable and equitable healthcare, offering seed… Read more »

Andrew Forrest
Global tech

Andrew Forrest launches legal action against Facebook over cryptocurrency scam ads

- February 3, 2022 2 MIN READ

Western Australian billionaire Andrew Forrest has lodged criminal proceedings against Facebook over cryptocurrency scam ads that used his name and image. Dr Forrest, chair of Fortescue Metals Group, and a major tech startup investor, has alleged that Facebook breached federal anti-money laundering laws by failing to remove the ads, which have been appearing on the… Read more »

ASX

Andrew Forrest backs ASX-listed psychedelic drugs medtech Emyria with $5m and its shares popped

- November 22, 2021 2 MIN READ

Shares in alternative drugs development company Emyria (ASX: EMD) popped 20% today on news that mining billionaire Dr Andrew Forrest’s family investment firm, Tattarang, had invested $5 million via a share placement. Emyria (ASX: EMD) shares closed at $0.39 cents following Monday’s trade after news of Tattarang becoming a strategic investor at $0.25 cents a… Read more »

Topics

Billionaire miner Andrew Forrest is getting into fintech

- July 13, 2020 < 1 MIN READ

Western Australian mining magnate Andrew “Twiggy” Forrest is moving into the fintech space, backing consumer-to-business payments startup Azupay, taking an undisclosed majority stake through his investment company Tattarang. Azupay is the first and only to go live on the New Payments Platform (NPP), which is being implemented by the NSW Government’s Department of Customer Service.… Read more »

Topics

Billionaire Twiggy Forrest calls Facebook ‘pernicious’ over crypto scam ads

- November 11, 2019 3 MIN READ

The mining billionaire’s photo has been used by scammers in social media ads for cyptocurrencies Forrest is one of several high-profile Australians the scammers falsely claim back crypto schemes that cost those who’ve believed the ads millions of dollars Facebook says its doing its best to combat the fake ads Forrest wants governments around the… Read more »