News Articles for Coaxial Ventures

The rich will try to spread their wealth but sometimes – be it luck or good management – their pile is reliant on a single investment.

Nicola Forrest-backed Coaxial has appointed Philippa Watson as chief executive, overseeing both its philanthropic and investment arms.

Nicola Forrest has signed up two experienced Minderoo executives as co-directors of a new foundation but says she remains committed to her philanthropic endeavours with ex-partner Andrew Forrest.

A series of share transfers and company restructures over the past six months mean that Andrew and Nicola Forrest will have a roughly equal split of their $34 billion fortune.