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    donor

    Nicola Forrest

    Australian billionaire and philanthropist, former wife of Fortescue founder Andrew Forrest

    Founder, Coaxial Foundation

    Giving tracked
    $360 million
    Gifts
    1

    Background

    Nicola Forrest is an Australian billionaire and the founder of the Coaxial Foundation.

    She was worth an estimated A$17.32 billion in the Australian Financial Review's 2026 Rich List, where she ranks as Australia's seventh-richest person.

    She set up Coaxial in 2023, the year she separated from Andrew Forrest, and co-founded the Minderoo Foundation with him.

    Donations by Nicola Forrest

    RecipientAmount
    Coaxial FoundationRead the story$360 million

    Key facts

    Estimated wealth
    A$17.32 billion (2026 Rich List)source
    Gift to Coaxial Foundation
    A$520 million, about US$360 million, in cash and Fortescue sharessource
    Prior joint gift to Minderoo Foundation
    A$400 million in 2017, then the biggest single gift in Australian historysource

    WYDE coverage of Nicola Forrest

    Sources

    Follow the money in philanthropy.

    Who gives, who receives, and what it funds. Every Friday.