Zuckerberg's new initiative treats humanity
The first wave of cash will be a $600m investment in a new research centre called Biohub, which is a partnership with Stanford, Berkeley, and the University of California, San Francisco and is tasked with finding new ways to fight disease.
Mr Zuckerberg said science and the medical community have made rapid advancements over the past 50 years, including eradicating smallpox and nearly eliminating polio. "Today, just four kinds of diseases cause the majority of deaths," he added in a posting on his Facebook page, citing cancer, heart disease, infectious diseases and neurological diseases. "We can make progress on all of them with the right technology."
In December last year, Mr Zuckerberg said he will give 99 per cent of his Facebook shares away in his lifetime. He made the promise in an open letter to his newborn daughter, Max, on Facebook. He said he would dedicate 99 per cent of his shares in Facebook to the four missions: personalised learning, curing disease, connecting people and building strong communities.
The Facebook founder is worth $56bn, thanks to shares in his own company. In April, he seized the opportunity to propose a new class of nonvoting stock to make sure that he retains the major control of his company.
Earlier this week, Microsoft has pledged to "solve" cancer in the next 10 years.
Zlata Rodionova