Page 62 - Forbes - India (January 2020)

Cross Border

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Andrew and Nicola Forrest have also donated to Telethon, a fundraiser that raises money for sick children
courteSy: Le van Kiem
Andrew from iron ore miner Fortescue
Metals Group, which Andrew
Forrest, 57 founded in 2003. He retains a 35
percent stake in the company.
Chairman, Fortescue Metals
Group ● lUCINdA SCHMIdT
Nicola Forrest, Le Van Kiem,

57 74
Co-founder, Minderoo Co-founder and chairman,
Foundation long Thanh Golf Investment
AusTrAlIA and Trading Joint-stock

The Forrests donated A$655 Company
million ($455 million) in May to
their Minderoo Foundation, Tran Cam
marking Australia’s largest single
gift from a living donor and taking Nhung, 73
the couple’s total giving to A$1.5
billion. The foundation supports Co-founder and vice
cancer research, early childhood chairman, long Thanh Golf
development, indigenous equality, Investment and Trading
healthy oceans and the
elimination of modern slavery. It Joint-stock Company Vietnam. A war veteran, Kiem charities, primarily to treat infants
is named after the cattle station VIeTNAM donated nearly $5 million with heart failure and to provide
in West Australia’s remote Pilbara between early 2018 and April financial aid to students. The pair
region where Andrew Forrest Since 2018, Kiem and Nhung have 2019 to support families of army made its fortune in textiles and
grew up. Minderoo is funded by contributed $11 million to various retirees, while his wife Nhung in rubber when in the 1980s
dividends the Forrests receive causes in laos and their native April gave over $5 million to Vietnam adopted economic

forbes indiA • january 31, 2020