What drives Michael Bloomberg to give away billions while others wait

Michael Bloomberg ranks as the top philanthropist in the U.S. for 2024, donating $3.7 billion to support various causes including the arts, education, public health, and city improvement. This donation marks Bloomberg's second consecutive year leading the Philanthropy 50 list. His philanthropic organization, Bloomberg Philanthropies, contributed notably with a $1 billion grant to Johns Hopkins University for medical education costs. Other major donors in 2024 include Reed Hastings and Patty Quillin, Michael and Susan Dell, Warren Buffett, Mark Zuckerberg and Priscilla Chan, and Ruth Gottesman, each donating $1 billion or more, focusing primarily on scientific research and education. Gottesman’s donation aimed to make the Albert Einstein College of Medicine tuition-free. Overall, the top 50 philanthropists contributed a collective $16.2 billion, with a median donation of $100 million. Significant contributions include Thomas Golisano's $500 million to support individuals with disabilities and K. Lisa Yang's $74.5 million towards MIT and Cornell University. The Philanthropy 50 has been published for 25 years, with Warren Buffett noted as the largest individual donor at $49.4 billion. Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.