Jan. 3 (Bloomberg) -- John C. Malone, the billionaire chairman of Liberty Media Corp., gave John Hopkins University’s engineering school $30 million for a research building.
The gift will finance construction of a 56,000-square-foot building for studying social and industrial systems and individualized health-care treatment, the university, in Baltimore, said in a statement on its website today. The building will be named after Malone.
Malone, 69, received a master’s of science degree in industrial management and a Ph.D. in operations research from Johns Hopkins. Liberty Media, based in Englewood, Colorado, is a holding company that owns the QVC home-shopping channel, the Atlanta Braves baseball team, and a stake in Sirius XM Radio Inc. In December, Liberty exchanged 12.8 million shares in IAC/InterActiveCorp, the New York-based owner of online companies, for about $220 million and two businesses: Evite and Gifts.com, according to a statement from IAC and Liberty Media.
“The work that will take place in Malone Hall ultimately will have a profound impact on our world,” said Nick Jones, dean of the Whiting School of Engineering at Johns Hopkins. “We are thrilled that John shares our vision for what engineering and other disciplines can accomplish together.”
The gift was first announced by Johns Hopkins Dec. 29.
Johns Hopkins opened in 1876. Graduates include Woodrow Wilson, the 28th president of the U.S., who received his Ph.D. from the university in 1886, and Michael Bloomberg, the mayor of New York City and founder and majority owner of Bloomberg LP, the parent of Bloomberg News.
Malone is also chairman of Liberty Global Inc., a cable operator also based in Englewood, and DirecTV, a satellite-television provider based in El Segundo, California.
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