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[deleted] t1_iwq0mn3 wrote

Reply to comment by AsslessBaboon in Andrew Forrest commits $740m to global investment fund to rebuild Ukraine | Volodymyr Zelenskiy says ‘communist-era rubbish Russian infrastructure’ will be replaced by latest technology and fund will accelerate country’s economy by AsslessBaboon

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CutsOfRisk t1_iwqkejf wrote

Real life is not a zero sum game, my friend. Sometimes it's possible for everyone to win.

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AsslessBaboon OP t1_iwq2dp0 wrote

According to the article

>The “Ukraine Green Growth Initiative” was hoped to grow to US$100bn, seeding investment in energy and communications infrastructure to transform the nation into a “digital green economy” in the recovery from the Russian war > >Forrest’s investment of US$500m (AUD$741m) was the first announced component of the fund which was expected to grow to a minimum US$25bn and up to US$100bn. Forrest’s contribution would come from the Tattaran Group, the investment company operated by the mining magnate and wife, Nicola.

Also

>In 2013, Andrew and Nicola Forrest, his wife, were the first Australian billionaires to pledge the majority of their wealth to charity in their lifetimes.[7] He had earlier stepped down as CEO of Fortescue Metals in 2011.[8] Much of the Forrest's philanthropy has been through either the Minderoo Foundation (focusing on education and Indigenous Australians) or the Walk Free Foundation (focusing on ending modern slavery), both of which he established. Forrest has been accused of avoiding paying company tax, having revealed in 2011 that Fortescue had never paid company tax > >After stepping down as chief executive officer of FMG, Forrest noted that he had been spending more than 50% of his time on Indigenous philanthropy.[8][73] Forrest became an ambassador for the Australian Indigenous Education Foundation.[74] Encouraged by the philanthropy of the Rockefeller Group, Warren Buffett, and Melinda and Bill Gates,[75] Andrew and Nicola Forrest established the Australian Children's Trust in 2001.[69

https://en.m.wikipedia.org/wiki/Andrew_Forrest

Other than the usual billionaire tax dodges which is sadly the norm, I can't seem to find what you're saying. Kindly assist with sources please

Edit: thanks to all who assisted with info on this dodgy arse character. Desperately trying to be optimistic after reading about his track record. His word should clearly be taken with a huge lump sum of salt.

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MyMudEye t1_iwq6gdi wrote

https://www.crikey.com.au/2021/06/15/andrew-forrest-has-many-contradictions-but-one-is-getting-harder-to-defend/

https://www.theguardian.com/australia-news/2022/mar/27/judge-me-on-my-actions-can-andrew-forrest-become-australias-clean-green-hero

>Other than the usual billionaire tax dodges which is sadly the norm

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AsslessBaboon OP t1_iwqbyu0 wrote

Will look at them as soon as I get home. Cheers

Edit: Finally got around to reading all the articles provided this morning. Damn this guy is a limey dodgy megalomaniac for sure.

I stand corrected. Ukraine & Zelensky should certainly be careful with him. I hope that his ego in this case aligns with Ukraine's need for the infrastructure.

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GimmeThatHotGoss t1_iwsqjrw wrote

>I am skeptical about twiggy, but in this case bringing a rich self promoting arse hat, selling investment to other rich self promoting arsehats is likely to do good eventually. Ukraine needs funding, and being part of investing or being seen to invest in Ukraine rebuilding could be the next trendy virtue signalling for billionairs.

here's one more.
https://www.abc.net.au/news/2015-08-05/vatican-accuses-andrew-forrest-of-exploiting-pope-francis/6673720
This guy is the king of rug pulls.

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AsslessBaboon OP t1_iwtr3kt wrote

Cheers for sharing this mate. Got round to reading them all first thing this morning.

Thoroughly conflicted If i should even leave the post up coz he's clearly not trustworthy, but on the other hand his ego and dodgy ambitions to be seen as a "philanthropic king" might align with Ukraine's need for infrastructure after all the damage from Russia.

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GimmeThatHotGoss t1_iwui2ug wrote

>Thoroughly conflicted If i should even leave the post up coz he's clearly not trustworthy, but on the other hand his ego and dodgy ambitions to be seen as a "philanthropic king" might align with Ukraine's need for infrastructure after all the damage from Russia.

I think a heavy dose of skepticism is needed in these situations. I don't think he's going to steal from the fund or anything sinister like that - but i've seen a lot of people get hurt by his broken promises along the way. These guys like to show up at Davos with something to say and some swagger in their step. It's billionaire dick swinging. Enough people know this that I don't think its going to harm Ukraine in any - but at the same time I've learnt not put in trust in these fuckers.

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