SYDNEY – Australian billionaire Andrew “Twiggy” Forrest and his wife announced on Monday that they will donate AU$400 million ($298 million) to fund various charities and for cancer research.
“This is the biggest single philanthropic gift in our history. It is a game-changer in the Australian philanthropic community. And it will change the lives of thousands of people here in and around the world,” Australian Prime Minister Malcolm Turnbull said during a reception at Parliament House in Canberra.
The money will be used for research into the fight against cancer, the eradication of modern slavery and the promotion of academic research, among others.
Forrest, who is one of Australia’s 10 wealthiest people and former executive director of the Fortescue Metals Group, has founded various organizations such as “Walk Free” against modern slavery, “Minderoo” to support education for Aboriginals, and “Forrest Research,” which provides doctoral scholarships in Australia.