Australian Magnet donates $ 298 million to philanthropists

Canberra, May 22: Australia's wealthy man and his wife announced Monday that they donated $ 298 million to donors for various charities and cancer research. Fortescue Metals Group's 10 wealthiest people and former executive director Andrew Forrest founded many organizations such as "Mindyoo" and "Forest Research" to provide education for "Walk free" and Aboriginal against modern slavery, providing Doctoral Scholarships, reports Efe. "We have a little bit of business that we can not have before, where we will borrow money," Forest said Monday.

"And fortunately, we don't have to do that now thanks to the strength of the iron ore sector, the leadership of this country throughout the ages, and that word I would like to introduce more commonly into the dialogue of leadership, which is courage." The mining and business mogul was worth an estimated $1.24 billion in 2016, reports Xinhua news agency.

"This is the biggest single philanthropic gift in our history. This changed the game in Australian philanthropic society...It will change the lives of thousands of people in the world and here, "said Prime Minister Malcolm Turnbull during a reception at the Parliament House in Canberra. The fight against cancer, the elimination of modern slavery and the promotion of academic research, will be used for research in others. Back in 2013, Forest and his wife Nicola announced a $ 61.5 million donation to Alma Mater at the University of Western Australia, which became the largest donation in Australian history.