Harvard's engineering program is getting a new name — and a fair amount of money to go along with it.
Harvard Business School alum and hedge fund manager John Paulson donated $400 million to the University to endow its school of engineering and applied sciences. It will now be named after Paulson, who has a net worth of $11.2 billion according to Forbes.
This comes less than a year after former Microsoft CEO and Los Angeles Clippers owner Steve Ballmer gave around $60 million to help Harvard increase the size of its computer science faculty.
“For 379 years, Harvard has had a profound global impact across a multitude of disciplines that benefits all of humanity,” Mr. Paulson said in a statement. “SEAS is the next frontier for Harvard, and its expanding campus in Allston promises to become the next major center of innovation.”
For more, check out the Harvard Crimson or the New York Times.
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