What does one of the world’s richest people do when awarded a $1 million prize? He gives it back.
Michael R. Bloomberg, the billionaire businessman who took a token $1-a-year salary during three terms as mayor of New York, is receiving the first-ever Genesis Prize, a broadly and vaguely defined honor that has something to do with “Jewish values.” The Genesis Prize Foundation announced Thursday that Mr. Bloomberg was investing his windfall into a new broadly and vaguely defined competition Genesis will run for young “change agents” who are “guided by Jewish values.”
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