Bill Gates chips in to help Cambridge
The billionaire founder of the computer giant Microsoft donated the cash from his personal charity to fund a state-of-the-art new home for the university's computer department.
However, despite its generosity, his gift places him lower down the philanthropists' league table than CNN founder Ted Turner, who made history a fortnight ago with a $1bn (pounds 580m) personal donation to the United Nations. Mr Turner's money, to be paid in $100m installments over ten years, will finance programmes for refugees, children and clearing landmines.
Mr Gates' gift, paid through his charity, the William H Gates Foundation, to the Cambridge University Development Office in America, comes only five months after Microsoft announced plans to develop a multimillion- pound new research campus intended to help turn Cambridge into a technological powerhouse to rival America's Silicon Valley.
The billionaire said yesterday: "Cambridge is one of the great research universities in the world. Its facilites and excellence in computer science demonstrate a unique ability to build on a legendary tradition of learning while also focusing steadily on the future."
The Turner donation, the largest by any single benefactor in history, sparked predictions in America of philanthropic one-upmanship as billionaires competed to give their wealth away. Mr Turner openly challenged others with large fortunes to follow "I am putting every rich person in the world on notice," he told the CNN interviewer Larry King. "There's a lot of people who are awash in money they don't know what to do with".
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food
£7 - £9 per hour: Recruitment Genius: Are you outgoing? Do you want to work in...
£30000 - £35000 per annum: Recruitment Genius: An opportunity has arisen for a...
£30000 - £35000 per annum: Recruitment Genius: An exciting opportunity to join...
£30000 - £35000 per annum: Recruitment Genius: We have an excellent role for a...