Based on Forbes.com, he’s #831 in the World Billionaires List (#546 in 2012), #279 in the usa, and #347 in the Forbes 400 List. Born Robert Martin Friedland on August 18, 1950 in Chicago, Illinois, he was expelled from Bowden College in 1970. Federal authorities arrested him for the possession of an estimated $100,000 worth of LSD. He served two years in federal prison. In 1974, he graduated with a degree in political science from Reed College in Oregon.
Robert Friedland Net Worth $1.8 Billion
Friedland started making his fortune after he stumbled on a large deposit at Voisey’s Bay in Canada. In 1996, he sold the nickel-rich property to Canadian miner Inco to get a reported $3.1 billion. Friedland is the creator of Ivanhoe Mines. In 2009, he sold the Ivanhoe Energy’s oil and gas businesses to STurqoiueneca Resources Corporation for $40 million. After he lost Ivanhoe Mines, he has revealed interest in the international business setting. In the year 2012, Rio Tinto, a mining group, took majority control of the institution. He was made to step down as CEO in April. By August, the organization ‘s name was switched to Turquoise Hill Resources. He has raised more than $300 million.