In a major philanthropic push for affordable healthcare education, Bloomberg Philanthropies donated $1 billion to Johns Hopkins University, making med

Michael Bloomberg Net Worth: Billionaire Donates $1B To John Hopkins University, Donated Same Amount in 2018

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2024-07-10 15:00:04

In a major philanthropic push for affordable healthcare education, Bloomberg Philanthropies donated $1 billion to Johns Hopkins University, making medical school free for most students. The donation joins similar initiatives across the country.

In a letter featured in Bloomberg Philanthropies' annual report, Michael Bloomberg highlighted that their recent billion-dollar donation was their bid to address two pressing issues: a decline in public health and a lack of access to quality education.

Michael Bloomberg is a billionaire businessman, publisher, philanthropist, and a former three-term mayor of New York City. The founder and owner of Bloomberg LP, he is one of the wealthiest people in the world, with a real-time net worth of $106.2 billion, according to Forbes.

Bloomberg is the founder and owner of Bloomberg LP, a leading financial data and media company. Holding an 88 percent ownership stake, Bloomberg has leveraged his wealth for philanthropic endeavours, most recently covering full tuition and living expenses for low-income medical students at Johns Hopkins University.