Philanthropist Nicola Forrest has injected more than $500 million into her private foundation, one of the largest single lifetime gifts by an Australian, and launched her major donation strategy with three grants targeting female entrepreneurs and Indigenous children.
Forrest, the estranged wife of Fortescue founder Andrew Forrest, has tipped 25 million Fortescue shares and $125 million of cash into her Coaxial Foundation. The shares represent half the Fortescue stock she received in 2023 as part of her initial separation from Andrew Forrest.
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