12/07/2008 05:12 am ET Updated May 25, 2011

University Of Chicago To Rename Business School After $300M Donor

A financier who made a fortune in the investment business using ideas developed at the University of Chicago has donated $300 million to the graduate business school, which is being renamed in his honor.

It is the largest gift ever to the university, and the largest to any business program in the world.

The donor is 61-year-old David G. Booth, founder and chief executive of Dimensional Fund Advisors, as well as his wife Suzanne and their two children. The school will be called the University of Chicago Booth School of Business, or "Chicago Booth" for short.

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