Andrew “Twiggy” Forrest, Australia’s richest man, and his wife Nicola have donated 220 million Fortescue shares worth nearly $5 billion to their philanthropic foundation, Minderoo.
The former Fortescue boss and his partner gave one fifth of their shareholding in the iron ore miner to the foundation, bringing its endowment to about $7.6 billion.Credit:The Minderoo Foundation was established by the Forrests in 2001 and is aimed at supporting initiatives including ocean research, ending slavery and supporting cancer and community projects.
‘If you happen to be good at accumulating wealth, then I believe in using that skill for the greater good.’– after Gina Rinehart – in Australia, worth $33.3 billion.
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