Another quarter of record iron ore production has propelled the Fortescue Metals Group share price to a new high and lifted the estimated wealth of founder Andrew Forrest to more than $20 billion.
Forrest is now vying with fellow West Australian iron ore billionaire Gina Rinehart for the top spot on The Australian Financial Review 2020 Rich List.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com