23 September, 2016
The Chan Zuckerberg Initiative, which was created by the couple in December 2015, will invest the money in organisations and companies conducting medical research over the next ten years.
This is the biggest major move of the Chan Zuckerberg Initiative when it comes to curing diseases and venturing into science.
It's all part of the Chan Zuckerberg Initiative announced when their daughter was born a year ago - it's a plan to give away 99 percent of their stock in Facebook to social causes.
The Chan Zuckerberg Initiative includes an ambitious project to build a $600m research centre and "engineering team" in San Francisco to help scientists and doctors in their efforts to understand and combat disease.
"I've had to tell families devastating diagnoses of leukaemia, or that we just weren't able to resuscitate their child".
The event was attended by Mayor Ed Lee of San Francisco; Janet Napolitano, the former secretary of homeland security; and investors including Yuri Milner, who backed Facebook before it went public.
The CEO has hired Dr. Cori Bargmann, an expert in neuroscience and genetics, to lead the Chan Zuckerberg Initiative.
Image: Priscilla Chan and Mark Zuckerberg in Prague (2013).
Don King drops N-word while introducing Donald Trump
But, if you are rich you're a rich Negro. "If you're intelligent and intellectual, you're an intelligent and intellectual Negro". Donald Trump , a big scarecrow made of uncooked bratwursts, is still trying to court black voters.
Sarah Paulson brings Marcia Clark to tears with emotional Emmys speech
It is a repeat win for the HBO series, which stars Julia Louis-Dreyfus as a fictional US politician who ascends to the presidency. The actress had brought the 63-year-old prosecutor with her on the red carpet who then sat beside her at the awards show.
Making Sense of Abbott's Sale Of Its Optics Business
Abbott Medical Optics operates AMOeasy , an online inventory management and ordering system for surgery equipment and supplies. In addition, it generates cash that can be allocated to paying down debt to be used to finance the pending acquisitions of St.
Going forward the Initiative will bring scientists and engineers together, build tools and technology that advances research, and grow the organisation to fund more scientific research around the world.
He said he would dedicate 99 per cent of his shares in Facebook to the following "missions": personalised learning, curing disease, connecting people and building strong communities.
"Throughout the history of science, most of the major scientific breakthroughs have been preceded by some new tool and technology that allows you to see in new ways", said Zuckerberg. The second is the Infectious Disease Initiative, which will try to develop new tests and vaccines to tackle HIV, Ebola, Zika and other new diseases. Then we started applying the scientific method to investigating diseases and progress really took off.
Power couple Mark Zuckerberg and Priscilla Chan have pledged to invest at least $3 billion in the fight against disease.
Zuckerberg and Chan, who are also part of the Giving Pledge and have looked up to Gates, announced the Chan Zuckerberg Initiative at the end of previous year.
This is a long-term effort and it will take years to develop the first tools and more time to finally implement those tools to eradicate those diseases.
Taking part in the event on Wednesday was Microsoft billionaire turned global philanthropist Bill Gates, who has made improving health around the world a top goal at the foundation he created with his wife.