15 Minutes Into the Future

Yuri Milner Starts His Own Nobel Prize, Begins Wiring Money to Penniless Physicists

Mr. Milner. (Photo: Wikipedia/Debray Riveros)

It’s a question as old as semiconductors: Once you’ve racked up a couple of billion dollars investing in the tech sector, what are you to do with all that cash? Russian entrepreneur Yuri Milner–who’s made himself quite a nice little nest egg betting on companies like Facebook and Groupon–has a somewhat novel answer. The New York Times reports that he’s founded his very own Nobel Prize.

The Fundamental Physics Prize will dole out $3 million each to worthy, boundary-pushing thinkers. No experimental proof required, says Mr. Milner: Read More