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Twiggy Forrest
John Andrew Henry Forrest (born 18 November 1961), nicknamed Twiggy, is an Australian businessman. He is best known as the former CEO (and current non-executive chairman) of Fortescue Metals Group (FMG), and has other interests in the mining industry and in cattle stations. With an assessed net worth of 27.25 billion according to the ''Financial Review'' 2021 Rich List, Forrest was ranked as the second richest Australian. According to the ''Financial Review'', Forrest was the richest person in Australia in 2008. 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. He had earlier stepped down as CEO of Fortescue Metals in 2011. 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 ...
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Perth
Perth is the capital and largest city of the Australian state of Western Australia. It is the fourth most populous city in Australia and Oceania, with a population of 2.1 million (80% of the state) living in Greater Perth in 2020. Perth is part of the South West Land Division of Western Australia, with most of the metropolitan area on the Swan Coastal Plain between the Indian Ocean and the Darling Scarp. The city has expanded outward from the original British settlements on the Swan River, upon which the city's central business district and port of Fremantle are situated. Perth is located on the traditional lands of the Whadjuk Noongar people, where Aboriginal Australians have lived for at least 45,000 years. Captain James Stirling founded Perth in 1829 as the administrative centre of the Swan River Colony. It was named after the city of Perth in Scotland, due to the influence of Stirling's patron Sir George Murray, who had connections with the area. It gained city statu ...
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Net Worth
Net worth is the value of all the non-financial and financial assets owned by an individual or institution minus the value of all its outstanding liabilities. Since financial assets minus outstanding liabilities equal net financial assets, net worth can also be conveniently expressed as non-financial assets plus net financial assets. It can apply to companies, individuals, governments or economic sectors such as the sector of financial corporations or to entire countries. By entity Calculation Net worth is a combination of financial assets and liabilities. The financial assets that contribute to net worth are homes, vehicles, various types of bank accounts, money market accounts, and stocks and bonds. The liabilities are financial obligations such as loans, mortgage, accounts payable (AP) that deplete resources. Companies Net worth in business is also referred to as equity. It is generally based on the value of all assets and liabilities at the carrying value which is the ...
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Minderoo Station
Minderoo Station, commonly referred to as Minderoo, is a pastoral lease that once operated as a sheep station but now operates as a cattle station in Western Australia. Description It is situated about south of Onslow and west of Pannawonica in the Pilbara region. The property occupies an area of and is traversed by the Ashburton River; the property has an estimated double frontage to the river. The property spreads out from the river forming a vast plain of sand and clay. The word ''Minderoo'' is Aboriginal in origin and means "place of permanent and clean water". History The station was initially formed by E.T. Hooley, who was given the pastoral lease in 1867 by the colonial Government of Western Australia as a reward for creating a stock route from Perth to Roebourne. By 1869, the local Aboriginal population began to use force to try to break the British occupation of their land. One of Hooley's shepherds, a man named Hill, was found dead and it was presumed he was ...
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Bloomberg L
Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and mayor of New York City (2002–2013) * Ramon Bloomberg (born 1972), American artist and film director Other uses * Bloomberg L.P., financial news and media company founded by Michael Bloomberg ** Bloomberg News, a news agency ** ''Bloomberg Businessweek'', weekly business magazine and website ** ''Bloomberg Markets,'' a monthly financial magazine ** Bloomberg Radio, a business radio network ** Bloomberg Television, a business news channel ***Bloomberg TV Canada ***Bloomberg TV Philippines ***Bloomberg TV Malaysia ** Bloomberg Terminal, desktop terminal and software widely used in the financial industry ** Bloomberg Data, API product using sftp or web service protocols to retrieve market data ** Bloomberg Government, online news service c ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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Cryptocurrency
A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. It is a decentralized system for verifying that the parties to a transaction have the money they claim to have, eliminating the need for traditional intermediaries, such as banks, when funds are being transferred between two entities. Individual coin ownership records are stored in a digital ledger, which is a computerized database using strong cryptography to secure transaction records, control the creation of additional coins, and verify the transfer of coin ownership. Despite their name, cryptocurrencies are not considered to be currencies in the traditional sense, and while varying treatments have been applied to them, including classification as commodities, securities, and currencies, cryptocurrencies are generally viewed as a distinc ...
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Facebook
Facebook is an online social media and social networking service owned by American company Meta Platforms. Founded in 2004 by Mark Zuckerberg with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes, its name comes from the face book directories often given to American university students. Membership was initially limited to Harvard students, gradually expanding to other North American universities and, since 2006, anyone over 13 years old. As of July 2022, Facebook claimed 2.93 billion monthly active users, and ranked third worldwide among the most visited websites as of July 2022. It was the most downloaded mobile app of the 2010s. Facebook can be accessed from devices with Internet connectivity, such as personal computers, tablets and smartphones. After registering, users can create a profile revealing information about themselves. They can post text, photos and multimedia which are shared with any ...
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Modern Slavery
Contemporary slavery, also sometimes known as modern slavery or neo-slavery, refers to institutional slavery that continues to occur in present-day society. Estimates of the number of enslaved people today range from around 38 million to 46 million, depending on the method used to form the estimate and the definition of slavery being used. The estimated number of enslaved people is debated, as there is no universally agreed definition of modern slavery; those in slavery are often difficult to identify, and adequate statistics are often not available. The International Labour Organization estimates that, by their definitions, over 40 million people are in some form of slavery today. 24.9 million people are in forced labor, of whom 16 million people are exploited in the private sector such as domestic work, construction or agriculture; 4.8 million persons in forced sexual exploitation, and 4 million persons in forced labour imposed by state authorities. An additional 15.4 million p ...
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Walk Free Foundation
Minderoo Foundation's Walk Free initiative is an independent, privately funded international human rights organisation based in Perth, Western Australia. Walk Free works towards ending modern slavery in all its forms by taking a multifaceted and global approach. Sustainable Development Goal (SDG) 8.7 seeks to end modern slavery by mobilising the international community. Walk Free’s approach to achieving SDG 8.7 involves building a robust knowledge base to inform action and driving legislative change in key countries in partnership with faiths, businesses, academics, NGOs, and governments around the world. Through these partnerships, direct implementation, and grassroots community engagement Walk Free believes modern slavery can be eradicated. The initiative was founded by Andrew Forrest, Nicola Forrest and Grace Forrest in 2010. Walk Free are best known for their publication of the Global Slavery Index, now in its fourth edition. In 2013, Walk Free became a co-founder of the ...
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Indigenous Australians
Indigenous Australians or Australian First Nations are people with familial heritage from, and membership in, the ethnic groups that lived in Australia before British colonisation. They consist of two distinct groups: the Aboriginal peoples of the Australian mainland and Tasmania, and the Torres Strait Islander peoples from the seas between Queensland and Papua New Guinea. The term Aboriginal and Torres Strait Islander peoples or the person's specific cultural group, is often preferred, though the terms First Nations of Australia, First Peoples of Australia and First Australians are also increasingly common; 812,728 people self-identified as being of Aboriginal and/or Torres Strait Islander origin in the 2021 Australian Census, representing 3.2% of the total population of Australia. Of these indigenous Australians, 91.4% identified as Aboriginal; 4.2% identified as Torres Strait Islander; while 4.4% identified with both groups.
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The Giving Pledge
The Giving Pledge is a campaign to encourage extremely wealthy people to contribute a majority of their wealth to philanthropic causes. , the pledge has 236 signatories from 28 countries. Most of the signatories of the pledge are billionaires, and as of 2016, their pledges are estimated to total US$600 billion. Description The organization's stated goal is to inspire the wealthy people of the world to give at least half of their net worth to philanthropy, either during their lifetime or upon their death. The pledge is a public gesture of an intention to give, not a legal contract. On The Giving Pledge's website, each individual or couple writes a letter explaining why they chose to give. History In June 2010, the Giving Pledge campaign was formally announced and Bill Gates and Warren Buffett began recruiting members. As of August 2010, the aggregate wealth of the first 40 pledgers was $125 billion. As of April 2011, 69 billionaires had joined the campaign and given a pledge, and ...
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Australian Associated Press
Australian Associated Press (AAP) is an Australian news agency. It was established by Keith Murdoch in 1935. AAP employs around 80 journalists who work in bureaus in all states and territories of Australia except the Northern Territory. It also maintains correspondents in New Zealand and London as well as using a network of contributors from the US, Europe, Asia and Africa. AAP's domestic news coverage is complemented by alliances with the major international news agencies. AAP's main focus is on breaking news but is also known for its court reporting, sport, political coverage, feature stories, and photographs. It also produces video and visual explainers. AAP is one of the few remaining non-government newswires in the world. History Australia was first linked to international telegraph services by a submarine cable that linked Java to Darwin, which was laid by the British-Australian Telegraph Company, and completed on 18 November 1871. The Eastern states were connected thr ...
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