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Forrests donate $5b in shares to philanthropic group

Nicola Forrest Minderoo Australia Philanthropy

Andrew and Nicola Forrest have vowed to give away most of their wealth during their lifetime. Photo: AAP

One of Australia’s wealthiest families has committed nearly $5 billion to philanthropy in a share giveaway.

Andrew and Nicola Forrest will donate 220 million shares in their listed mining company Fortescue Metals Group to their philanthropic foundation Minderoo.

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