Andrew and Nicola Forrest donate $5b to their Minderoo charity

Tom Rabe, Hans van Leeuwen and Michael Bailey

Updated Jun 21, 2023 – 2.40am, first published at Jun 20, 2023 – 9.53pm

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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”.

Tom Rabe is the WA political correspondent, based in Perth.

Hans van Leeuwen is The Australian Financial Review’s former Europe correspondent. He is now International Economy editor for The Telegraph UK.

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.