Jul 19, 2026 – 1.51pmMining billionaire Andrew Forrest has taken the extraordinary step of calling for a major Australian advertising body to consider whether Facebook-owner Meta can remain a member, after revelations the tech titan knowingly made tens of billions of dollars from scam and fraud ads.Forrest, the executive chairman and founder of Fortescue Metals Group, who is worth $16 billion, has been waging a war against Meta for seven years, spending $60 million so far on a lawsuit in California after scammers used his likeness to fleece millions of dollars from vulnerable people.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Forrest pressures local ad body to penalise Meta over scam revenue
Andrew Forrest has written to IAB Australia asking for the group to consider Meta’s membership, after news the company made more than $20 billion from scams.






