Inside the unravelling of Perth’s worst-kept secret

Twenty years ago this month, Andrew Forrest, told a small group of shareholders that Pilbara iron ore was the future and asked for their backing to set up Fortescue Metals Group.

Fortescue is now the country’s eighth-largest listed company but Andrew Forrest is no longer its biggest shareholder. Corporate filings suggest that as of June 20, that mantle now belongs to Nicola Forrest.

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This week in The Fin podcast, resources reporter Peter Ker on the split in the Forrest empire, how it came to light and what it means for the iron ore giant and its green energy plans.

Explore the big issues in business, markets and politics with the journalists who know the inside story. New episodes of The Fin are published every Thursday.