Gift is one of largest donations in history to a U.S. university.
Silicon Valley venture capitalist John Doerr, an early investor in Google, Amazon and other leading tech companies, and his wife, Ann, have agreed to donate $1.1 billion to Stanford University to set up a new school devoted to the study of climate change and its solutions.
Doerr, 70, of Woodside, was listed as the 146th richest person in the world in the Forbes 2022 list of wealthiest people, with a net worth of $12.7 billion. A St. Louis native, he earned degrees in electrical engineering from Rice University then a Harvard MBA in the 1970s. He came to the Bay Area with no job, then was hired by Intel in 1974, working as a salesman and obtaining several patents for memory devices.
In addition to the Doerr’s gift, Stanford also received a staggering $590 million for the new climate school from other donors, many of them tech titans. Among them are billionaire Jerry Yang, the former CEO of Yahoo! and his wife Akiko Yamazaki; along with David Filo, co-founder of Yahoo! and his wife, Angela; the William and Flora Hewlett Foundation, and Susan Orr, daughter of Hewlett Packard co-founder David Packard, and her husband Lynn Orr, a professor of engineering emeritus at Stanford.
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