Fine three-dimensional (3D) reconstruction of real forest scenes can provide a reference for forestry digitization and forestry resource management applications. Airborne LiDAR technology can provide valuable data for large-area forest scene reconstruction. This paper proposes a 3D reconstruction method for complex forest scenes with trees, shrubs, and grass, based on airborne LiDAR point clouds. First, forest vertical distribution characteristics are used to segment tree, shrub, and ground–grass points from an airborne LiDAR point cloud. For ground–grass points, a ground–grass grid model is constructed. For tree points, a method based on hierarchical canopy point fitting is proposed to construct a trunk model, and a crown model is constructed with the 3D α-shape algorithm. For shrub points, a shrub model is directly constructed based on the 3D α-shape algorithm. Finally, tree, shrub, and ground–grass models are spatially combined to achieve the reconstruction of real forest scenes. Taking six forest plots located in Hebei, Yunnan, and Guangxi provinces in China and Baden-Württemberg in Germany as study areas, experimental results show that the accuracy of individual tree segmentation reaches 87.32%, the accuracy of shrub segmentation reaches 60.00%, the height accuracy of the grass model is evaluated with an RMSE < 0.15 m, the volume accuracy of shrub and tree models is assessed with R2 > 0.848 and R2 > 0.904, respectively. Furthermore, we compared the model constructed in this study with simplified point cloud and voxel models. The results demonstrate that the proposed modeling approach can meet the demand for the high-accuracy and lightweight modeling of large-area forest scenes.