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Updated on: Wednesday, May 29, 2019, 04:05 AM IST

Australian billionaire leaves bulk of $ 2.8 billion fortune to charity

Photo Credit: AFP |

Photo Credit: AFP |

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Canberra: Australian businessman Stan Perron, who died in November at the age of 96, has left the majority of his $2.8 billion fortune to charity. The husband and father was farewelled at a funeral service on Thursday, attended both by eminent members of the community, family and friends, the Xinhua news agency said.

Before his death Perron had written in a statement that he would leave the “greater majority” of his wealth to his namesake org­anisation, the Stan Perr­on Charitable Foundation. “I have accomplished my boyhood goal and have provided for my family, but, far beyond this achievement, I am in the very fortunate position of being able to give back to others who are disadvantaged, and make a difference in their lives,” Perron wrote.

The charity focuses on childr­en’s health in We­s­tern Australia and will now be overseen by Perron’s 52-year-old daughter.
Perron grew up in poverty and slowly amassed his fortune, going from running milk bars and a taxi service in Perth, to operating office blocks, car distribution, and mining interests all around the country.

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Published on: Saturday, December 15, 2018, 06:17 AM IST
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