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Fortune
Fortune
Steve Mollman

Australian mining billionaire contributes $740M to rebuild Ukraine

(Credit: Martin Ollman—Getty Images)

Ukraine will enter into a “golden era” after the current conflict with Russia and become the “highest growth economy in Europe without any doubt,” according to an Australian mining billionaire. But Andrew Forrest isn’t just making rosy predictions—he’s contributing a whopping $740 million from his personal fortune to a fund that will help rebuild the nation.

Announced on Thursday, the fund—called the “Ukraine Green Growth Initiative"—is expected to grow to a minimum of $25 billion and up to $100 billion. Forrest made his comments to Australia’s Nine newspapers, adding, “I don’t want to wait for the last bullet to be fired.” 

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