Andrew and Nicola Forrest have become the first Australians to sign the Giving Pledge, committing to dedicate the majority of their wealth to philanthropy.
The Giving Pledge was instituted by Bill and Melinda Gates and Warren Buffett in 2010 as a way to encourage a greater level of giving among the world’s billionaires or those who would be billionaires if not for their giving. Signatories make a commitment to devote more than half of their wealth to philanthropy or charitable causes.
Andrew and Nicola Forrest were announced as signatories overnight, part of the first cohort of overseas billionaires who have signed up including Richard and Joan Branson from the UK as well as signatories from Germany, India, Malaysia, Russia, South Africa, and Ukraine.
All eyes are now on the rest of Australia’s 18 billionaires - will more join the Forrests and sign the Giving Pledge?
Feb. 20, 2013
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