In a time when every time you see a news story about a famous person, you automatically think sexual harassment, it’s nice to see a billionaire in the news for doing something positive for a change.
Billionaire, Microsoft co-founder Bill Gates is set to invest $50 million in the Dementia Discovery Fund, a venture capital fund that brings together industry and government to seek treatment for the disease. Reuters (@reuters) reports, the $50 million investment/donation will come directly from Gates’ pockets. It is not part of the philanthropy effort funded by Gates and his wife (The Bill & Melinda Gates Foundation). The $50 million investment will go to start-ups doing Alzheimer’s research and hopefully working toward a cure for the disease. Alzheimer’s is a form of dementia that affects more than 50 million people worldwide. Alzheimer’s disease accounts for 60-80% of all dementia cases. Alzheimer’s disease is commonly associated with old age, but recent studies show that over 200,000 people under the age 65-years old are currently living with Alzheimer’s. This is a disease that affects everybody, and is on pace to affect more than 131 million people worldwide by the year 2050.