The AFR View
The Forrests have flipped from personal riches to philanthropy
The Forrests are setting an example for other wealthy Australians to follow and further deepening the contribution of business-led prosperity to tackling social challenges.
The $5 billion donation by Australia’s richest man, iron ore magnate Andrew Forrest, and his wife Nicola to their Minderoo Foundation can only be applauded as an admirable example of flipping personal riches into philanthropy.
Dr Forrest built Fortescue Metals Group into Australia’s third force in the iron ore export industry, which has been Australia’s primary source of wealth creation since the 1960s. Now the Forrests have given away one-fifth of their FMG holding.
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