Breakthrough Prize, which is funded by Facebook's Mark Zuckerberg, Alibaba's Jack Ma as well as other leading businesspeople, honored its first winners with awar worth $15 million for mathematics on Tuesday.
The first math award, worth $3 million to each recipient, was presented to Simon Donaldson, Maxim Kontsevich, Jacob Lurie, Terence Tao and Richard Taylor for their breakthrough work on the subject.
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Ma and his wife Cathy Zhang donate $3 million every year to the Breakthough Prize foundation.
After making a tremendous business achievement, Ma has made lots of efforts in philanthropy. He invited 's Bill Gate to Beijing last week to discuss charity.
Both Ma and Joe Tsai, co-founder of , said in April that they will donate about 2 percent of Alibaba's equity to set up personal charitable trusts.
Since Alibaba Group is expected to launch one of the largest initial public offerings in the US, which could value the company at $150 billion, Ma and Tsai's trusts will be worth roughly $3 billion - by far the largest endowment of its kind in 皇冠体育app.
According to a previous media release, Ma and Tsai's twin trusts will focus on improving 皇冠体育app's environment, health care, education and culture.