This Australian Billionaire Just Donated $400 Million to Charity

by

Philanthropy isn't dead.


What would you do with a cool $400 million? If you’re one of Australia’s iron ore magnates, you’d give it to charity of course.

Along with his wife Nicola, Andrew ‘Twiggy’ Forrest, the chairman of Fortescue Metals Group and the country’s third most wealthy citizen, has announced a notably generous donation of $400 million. While obviously far from being small change, Andrew’s donation is the biggest philanthropic donation by a living person in Australia’s history and intends to split the money between several important areas: approximately $75 million is expected to go to cancer research, $75 million to tackle modern slavery, $50 million towards reversing Indigenous disparity and another $75 million for higher education, for example.

Read more: Giving a Fork: Inspiring Social Enterprise Restaurants

Far from being the first donation for the entrepreneur, Andrew and his wife have a history of philanthropic generosity: last year, Andrew was named West Australia’s 2017 Australian of the Year award and through Mindaroo – the foundation established by both Andrew and Nicola in 2001 – has assisted more than 250 initiatives globally focusing on fighting modern slavery and helping the disadvantaged.

“It is a game changer in the Australian philanthropic community,” commented Prime Minister Malcolm Turnbull. “And it will change the lives of thousands of people here in and around the world.”

Kerrie Farleigh

If I had millions, I would give a great big donation to the Westmead Medical Research Foundation – supporting the Neurosurgery at Westmead Hospitals! We are so blessed to have these doctors! The new research into Epilepsy and other malfunctions of the brain is incredible. So thankful we have them and that their work is available to all – not just the rich!

Reply
William Stewart, Jr.

I wish I could just live in a BIG house of my dreams and pay my expenses to maintain here in ATL, find a good church and volunteer my time to the sick and shut in

Reply
James

If he may donate for me to build a small 4room house I will be more than happy in this world

Reply

We would love to hear your thoughts:

Your email address will not be published. Required fields are marked *