(September 16, 2020 / JNS) Israeli-Russian entrepreneur Yuri Milner is donating $10 million to the Wharton School to create scholarships for Israeli MBA students, announced the University of Pennsylvania on Tuesday.
It will fund degrees over the next decade for 60 Israeli students in the business school, whose MBA program is two years.
Those who have completed Israeli military service, attended an Israeli undergraduate institution or worked at an Israeli company will be eligible for the fellowship from the Friends of Israel MBA Fund.
“We are thrilled by the foundation’s commitment to supporting the best and brightest MBA candidates from the Israeli community,” said Wharton School dean Erika James in a statement.
Also in the statement, Milner said “my hope is that this scholarship will support talented individuals to look beyond the horizon and pursue their vision of what the world can be, and that the State of Israel will benefit from the expertise in business and entrepreneurship that Wharton program graduates will bring back home.”
Born in Russia, Milner graduated from Moscow State University in 1985 with a degree in theoretical physics and attended Wharton in the 1990s, though he did not graduate with an MBA.
The 58-year-old was a commencement speaker at the Wharton MBA graduation ceremony in 2017.
Milner has a net worth of $4.4 billion, according to Forbes, and is known to be Russia’s most influential tech investor. He was an early investor in Facebook, Twitter, Spotify, Airbnb, Alibaba and other major companies.
An Israeli citizen, he currently lives in the Bay Area in California.
Support Jewish Journalism
with 2020 Vision
One of the most intriguing stories of the sudden Coronavirus crisis is the role of the internet. With individuals forced into home quarantine, most are turning further online for information, education and social interaction.
JNS's influence and readership are growing exponentially, and our positioning sets us apart. Most Jewish media are advocating increasingly biased progressive political and social agendas. JNS is providing more and more readers with a welcome alternative and an ideological home.
During this crisis, JNS continues working overtime. We are being relied upon to tell the story of this crisis as it affects Israel and the global Jewish community, and explain the extraordinary political developments taking place in parallel.
Our ability to thrive in 2020 and beyond depends on the generosity of committed readers and supporters. Monthly donations in particular go a long way in helping us sustain our operations. We greatly appreciate any contributions you can make during these challenging times. We thank you for your ongoing support and wish you blessings for good health and peace of mind.