Australia’s richest man to give his money away

Australia’s richest man to give his money away

News (International)

Andrew ‘Twiggy’ Forrest plans to give away almost all of his fortune before he dies, according to a report in The Australian newspaper.

Speaking at the Diggers and Dealers conference in Kalgoorlie, Forrest said, "I don't aspire to great wealth and I don't admire it and I don't intend to leave this earth as a rich man", according to the report.

The Forbes’ billionaire list ranks Forrest as the 145th richest person in the world with an estimated fortune of $6.5 bn (£3.25bn).

Forrest has not indicated what causes will benefit from his philanthropy, though last year he donated shares and options worth about $80m AUD (£37m) to the Australian Children's Trust. He has also donated tens of millions of dollars to Aboriginal causes.

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