Bill Gates is investing $100 million of his personal fortune in research to find a cure for dementia and Alzheimer’s.
The billionaire Microsoft co-founder announced on Monday that he will give $50 million to the Dementia Discovery Fund, a venture capital fund that brings together industry and government to seek treatments for the brain-wasting disease.
The investment will be followed with another $50 million in a number of start-up ventures working in Alzheimer’s research, Gates said.
Both donations are personal investments, separate from Gates’ philanthropic Bill and Melinda Gates Foundation.
With rapidly rising numbers of people suffering from Alzheimer’s and other forms of dementia, the disease is taking a growing emotional and financial toll as people live longer, Gates said.