Mining magnate Andrew Forrest will give away $400 million of his personal fortune to charity.
More National News Videos
- Video duration
- 02:43
'Twiggy' Forrest donates $400m to charity
'Twiggy' Forrest donates $400m to charity
Unveiling a $400 million donation to charities and cancer research, mining magnate Andrew "Twiggy" Forrest stood with politicians in Canberra to celebrate the biggest private donation in Australian history.
Up Next
Nine charged over $165m ATO fraud
- Video duration
- 02:53
- Video duration
- 02:53
Nine charged over $165m ATO fraud
Nine charged over $165m ATO fraud
One of those to be charged is the son of the Australian Taxation Office Deputy Commissioner Michael Cranston, who will appear in court.
Up Next
'They took those two years away from me,' Rebel Wilson cries in court
- Video duration
- 01:54
- Video duration
- 01:54
'They took those two years away from me,' ...
'They took those two years away from me,' Rebel Wilson cries in court
Rebel Wilson cries in court, saying journalists who hounded her friends, former workmates and her grandmother destroyed her Hollywood career.
Up Next
Senators behaving badly
- Video duration
- 02:39
- Video duration
- 02:39
Senators behaving badly
Senators behaving badly
A senate committee descends into name calling as the Greens Nick McKim and Liberal Ian Macdonald clash.
Up Next
Dutton's issue with the ABC
- Video duration
- 00:55
- Video duration
- 00:55
Dutton's issue with the ABC
Dutton's issue with the ABC
There's a cultural problem at the ABC according to conservative MP Peter Dutton who is happy to see Yassmin Abdel-Magied's program axed.
Up Next
Hinch ramps up pressure over One Nation recordings
- Video duration
- 01:38
- Video duration
- 01:38
Hinch ramps up pressure over One Nation ...
Hinch ramps up pressure over One Nation recordings
Senator Derryn Hinch says he's seen transcripts of a controversial secret One Nation recording and predicts Pauline Hanson and James Ashby could face more trouble ahead.
Up Next
ABC mocked after cringe-worthy football coverage
- Video duration
- 01:25
- Video duration
- 01:25
ABC mocked after cringe-worthy football ...
ABC mocked after cringe-worthy football coverage
The Sydney FC and Liverpool FC friendly was matched with an awkward pre-match show on ABC2, which has been widely ridiculed.
Up Next
ABC axes Yassmin Abdel-Magied's show
- Video duration
- 00:45
- Video duration
- 00:45
ABC axes Yassmin Abdel-Magied's show
ABC axes Yassmin Abdel-Magied's show
Yassmin Abdel-Magied's ABC show 'Australia Wide' has been discontinued as part of the broadcaster's restructure.
'Twiggy' Forrest donates $400m to charity
Unveiling a $400 million donation to charities and cancer research, mining magnate Andrew "Twiggy" Forrest stood with politicians in Canberra to celebrate the biggest private donation in Australian history.
Fairfax Media first revealed details on the donation overnight but the figure was confirmed by Mr Forrest on Monday morning.
Prime Minister Malcolm Turnbull and Opposition Leader Bill Shorten joined Mr Forrest for the announcement at Parliament House in Canberra.
Related Content
Mr Turnbull declared the donation an "extraordinary act" and an example of "love, generosity and leadership".
"This is not extracted from you by force of law, this is a matter of conviction, of your love and your commitment," Mr Turnbull told Mr Forrest.
"All of us know that, no matter how successful, know that if life's wheel had turned somewhat differently, we could be much less well off, much less well situated.
"All of us who have done well have been blessed by good fortune. So the generous person, the loving person gives back."
About $75 million will go towards cancer research, another $75 million to higher education, $75 million to childhood education, $50 million towards Indigenous disadvantage, and $75 million will be used to eliminate modern slavery.
Mr Forrest, the chairman of Fortescue Metals Group, and his wife Nicola have a long history of philanthropic gestures but Monday's announcement dwarfs those previous contributions and makes it the single largest philanthropic donation by a living person in Australian history.
While there have been a number of significant donations in Australia, the biggest have tended to come from deceased estates, or from large corporations.
Dr Ronald DePinho, who will benefit from the cancer research funding, said the world was in a position to make a "decisive assault" on cancer. The $75 million earmarked for that initiative will be spent co-ordinating global cancer institutes.
Originally published on The Sydney Morning Herald as Mining magnate Andrew 'Twiggy' Forrest unveils $400 million donation to charities, cancer research.
90 comments
Comment are now closed