Nine Scientists Receive a New Physics Prize of $3,000,000. Each.

Kenneth Chang in the New York Times:

ScreenHunter_01 Jul. 31 12.30The nine are recipients of the Fundamental Physics Prize, established by Yuri Milner, a Russian physics student who dropped out of graduate school in 1989 and later earned billions investing in Internet companies like Facebook and Groupon.

“It knocked me off my feet,” said Alan H. Guth, a professor of physics at the Massachusetts Institute of Technology who was among the winners. He came up with the idea of cosmic inflation, that there was a period of extremely rapid expansion in the first instant of the universe.

When he was told of the $3 million prize, he assumed that the money would be shared among the winners. Not so: Instead, each of this year’s nine recipients will receive $3 million, the most lucrative academic prize in the world. TheNobel Prize currently comes with an award of $1.5 million, usually split by two or three people. The Templeton Prize, which honors contributions to understanding spiritual dimensions of life, has been the largest monetary given to an individual, $1.7 million this year.

More here.