Australia’s richest man, Andrew Forrest, and his wife, Nicola, have donated almost $5 billion worth of Fortescue Metals Group shares to their own charity, the Minderoo Foundation.
The couple confirmed on Tuesday evening they would donate one fifth of their shareholding in Fortescue – 220 million shares – to Minderoo to create “lasting change and the greatest possible good”.
Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
Michael Bailey writes on arts and culture, and edits Weekend Fin. He is a former editor of the Financial Review Rich List. He is based in Sydney. Connect with Michael on Twitter. Email Michael at m.bailey@nine.com.au
