Nicola Forrest beams in photos with daughter in Paris after split with Andrew ‘Twiggy’ Forrest
Nicola Forrest has been pictured for the first time since her $32 billion break-up with her husband of 31 years, Andrew ‘Twiggy’ Forrest.
The mining magnate made an appearance on her eldest child’s Instagram as the pair flew to Paris for the Rugby World Cup.
Australia’s richest couple rocked the corporate world in July when they announced that their 31-year marriage had ended and that the pair were living separate lives.
But Mrs Forrest and her philanthropist daughter Grace were all smiles on Saturday night as they sipped beer while watching hosts France beat New Zealand’s All Blacks inside the Stade de France.
Mrs Forrest and her philanthropist daughter Grace were all smiles on Saturday night as they sipped beer while watching hosts France beat New Zealand’s All Blacks inside the Stade de France (Pictured)
Grace, the founding director of human rights organisation Walk Free which aims to eradicate modern slavery, cryptically captioned the picture of their pints: ‘Honest’ (pictured)
Grace, the founding director of human rights organisation Walk Free which aims to eradicate modern slavery, cryptically captioned the picture of their pints: ‘Honest’.
Mrs Forrest, now the third richest woman in Australia with a fortune of $14.6 billion following the split, did not attend Fortescue’s 20th birthday celebrations in Pilbara last month.
The mother of three, who also shares children Sophia and Sydney with Twiggy, appeared via video link at the ‘surreal’ bash where she spoke about how far Fortescue had come as a company.
Shortly afterwards, Mr Forrest made his first public comments about the shock split with his wife.
‘Nic and I are good mates, we speak all the time she’s a fantastic lady,’ Mr Forrest told Nine News.
‘We made the call that it was better for everyone if we didn’t live right on top of each other but we still absolutely support each other.’
The couple insist it won’t affect the direction of their mining empire or philanthropic interests.
Mr Forrest was asked what assurances he could give to shareholders that the former couple’s new arrangement wouldn’t impact the business.
His estranged wife is now Fortescue’s largest shareholder.
‘I give them complete reassurance- Nic and I are lockstep on that,’ Mr Forrest added.
‘We are completely committed to Fortescue, to Tattarang, all the objectives of Mindaroo, we are completely united.’
The couple’s wealth has largely been amassed through their 36 per cent stake in iron ore miner Fortescue Metals Group, which they founded in 2003.
They jointly oversee their private investment arm, Tattarang and they also co-founded, and continue to co-chair, their philanthropic venture Minderoo Foundation, which works to tackle a range of issues from modern slavery to plastic pollution.
‘We will continue our shared mission to create and gift our wealth to tackle community and global challenges, as recently shown by last month’s donation of one-fifth of our Fortescue shareholding to Minderoo Foundation,’ the couple said in a joint statement.
Andrew ‘Twiggy’ Forrest says he’s still ‘good mates’ with estranged wife Nicola (pictured in happier times in New York)
The revelation of their separation came after the AFR approached the pair about a transaction last month that moved more than $1.1 billion worth of Fortescue shares into a new company called Coaxial Ventures, which is wholly owned by Mrs Forrest.
That transaction came after Mr Forrest gave half of his Tattarang shareholding to Ms Forrest.
Both transactions have given Ms Forrest control of more Fortescue shares than her estranged husband, according to the AFR.
The moves will perhaps mean her family nickname of ‘the undercover billionaire’ will no longer apply.
The nickname is partly a reference to Mrs Forrest’s notorious thriftiness and partly down to the fact she preferred to remain in her husband’s shadow for decades.