Australian iron ore magnate donates $300 million to charity

Iron ore mining magnate Andrew Forrest said Monday he was donating 400 million Australian dollars ($300 million) to charities in what has been described as a new record in Australian philanthropy.

Forrest, the 55-year-old chairman of Fortescue Metal Group, and his wife, Nicola, announced the money will be spent on cancer research, Australian university research, supporting disadvantaged people including Aborigines, and fighting slavery around the world.

Prime Minister Malcolm Turnbull described the donations as “the biggest single philanthropic gift in our history and the largest donation by living Australians.”

Source: Australian iron ore magnate donates $300 million to charity | The Olympian

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