This morning, Mark Zuckerberg and his wife Priscilla Chan announced their latest endeavor, and it has nothing to do with Facebook. As part of their charitable LLC, the Chan Zuckerberg Initiative, the power couple plans to lend help in curing all diseases within their children’s lifetime, or by the end of the century.
The tech mogul said to a room full of Silicon Valley’s elite — including Google CEO Sundar Pichai and Russian billionaire investor Yuri Milner — that “The biggest breakthroughs take many years. This is about the future we all want for our children. If there’s even a chance that we can help cure all diseases in our children’s lifetime … then we’re going to do our part.” A lofty proposal to say the least, but their plan centers on investing $3 billion USD over the next decade toward disease prevention and research initiatives, starting with $600 million USD going towards a new San Francisco research facility, dubbed the Chan Zuckerberg Biohub.
The Biohub — a joint partnership between Stanford, the University of California, Berkeley, and the University of California, San Francisco — is the first major charitable investment since Zuckerberg and Chan announced last December that they would give away 99% of their wealth.