The Booker Prize, Sir Michael Moritz, will finance the capitalist capital stock over the next five years after Man Group, a former sponsor, retired.
Crankstart, a charity directed by Sir Michael and a Harriet Heyman wife, will pay a prestigious literary award.
San Francisco's Sir Michael is worth $ 3.9bn (£ 2,500m), according to Forbes magazine.
But the reward will not take his name. The Booker Award, 18 years later, will be the Man Booker Prize.
Last year he won £ 50,000 for Belfast writer Anna Burns Milkman.
Sir Michael The International Booker Award will also be accepted.
He began as journalist journalist and in 1984 he wrote the first biography of Steve Jobs and Apple.
He joined Sequoia Capital's venture capital in Silicon Valley, investing in Google, LinkedIn and PayPal.
Harriet Heyman Life and former New York Times writer and published in 1989.
Moritz said: "We do not think anyone can imagine a book that does not read a day. Booker Awards are popular, discoveries, pleasures and a great fiction spring holiday.
"Like I was like The Booker, I was born in Great Britain and I got into English literature before arriving in America. Harriet and I'm happy to get the best fiction in the world."
The couple founded Crankstart in 2000 to support and organize scholarships for low-income family scholarships.
Will Gompertz, editor of the BBC Arts
The corporate sponsor market is notable for fundraisers that work in the crafts sector. Brands are not exactly in need of exhibitions, extensions and annual awards.
Largest and loyal hangers that often do not sometimes have negative advertising (like BP) or have close relationships.
In mind, the Booker Prize will be very pleased to find a donation that will be ready for a great philanthropic donation, without claiming, or imagining its image, its marketing team to give meaning to disturbances. it's worth it.
LAND ARTISTIC ENVIRONMENTS LOOK FOR ENVIRONMENT, and, I suspect, to complete a series, Sir Michael invited to have lunch.
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