Last year was a massive one for Fortescue Metals Group Limited‘s (ASX: FMG) Andrew ‘Twiggy’ Forrest, who made major investments in some notable ASX shares.
Aside from founding and chairing Fortescue Metals, its green energy leg Fortescue Future Industries (FFI), and philanthropic organisation Minderoo Foundation, the billionaire continued to invest through private vehicle Tattarang.
That’s where Twiggy works on his most exciting and, perhaps, boggling investments. Let’s look at what ASX shares the second richest person in Australia spends their money on.
Here are the ASX shares Twiggy bought up in 2021
Twiggy turned to the ASX to find strong investments in 2021, looking beyond resource companies to do so.
Tattarang believes a lack of clinical data is slowing the commercialisation of cannabis. Twiggy presumably thinks Emyria’s patient-centric and data-driven approach is helping to address the gap.
Additionally, he upped his stake in formerly ASX-listed Huon Aquaculture Group in an unsuccessful attempt to block a takeover bid.
Finally, one of Twiggy’s major investment themes of 2021 was nickel mining.
His Wyloo Metals business signed an option and joint venture agreement that could see it purchasing 80% of a Canadian nickel project for $27.18 million (C$25 million).
Additionally, in late 2020, Twiggy’s Wyloo Metals snapped up an approximate 22.65% holding in Canadian-listed Noront Resources Ltd.
The billionaire recently won a bidding battle against S&P/ASX 200 Index (ASX: XJO) iron ore giant BHP Group Ltd (ASX: BHP) for the remaining outstanding shares in the Canadian company. Though, Twiggy’s takeover hasn’t been finalised.
Tattarang also committed to a proposed ‘Future Metals Hub’ last year. The hub could see a new battery material supply chain born in Ontario.