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gone, and so it is just a start up business. We will add more to it over time,'' he said.

''Previously I've supported causes that I'm interested in over a number of years and I wanted that to continue beyond my life,'' he said.

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''It's a foundation that we planned to set up in our wills. Basically we decided we would start it now rather than when we're dead and Converse Mens Trainers

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The gift was revealed in a routine share ownership notice issued to the sharemarket on Monday, although Dr Bateman said he had preferred not to draw attention to the donation.

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The founder of one of Australia's biggest healthcare companies, Primary Health Care, is giving away almost half his shares in the firm, valued at $76 million, to family and a charitable trust.

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Healthcare founder donates millions to charities

But Dr Edmund Bateman (pictured), a prominent Liberal Party donor, would not say how much would go directly to charity, saying it would be less than half.

Dr Bateman, whom BRW estimates has a net worth of $420 Converse Rose Gold

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He said, however, that one of the areas he was interested in was respite care for disability carers.

million, said the trust would operate as a start up business with him as director to fund various causes.

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Dr Bateman joins a string of high profile millionaires to share their wealth with charitable organisations. In 2011, billionaire Andrew ''Twiggy'' Forrest gave away more than $50 million worth of Fortescue Mining shares to various charities.

Dr Bateman would not say which charities, or how many organisations, would benefit from the trust.

''I happen to be director of the company, so I have to tell the world what I'm doing. Which is to some extent a burden.''

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In 2008, Clive Palmer pledged $100 million to set up a new medical research foundation in Western Australia.

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