Billionaire businessman and former New York City mayor Michael Bloomberg gave away $3.7 billion to nonprofits in 2024, most in the U.S., says new report.
Like his former boss, Skyler has switched parties a few times, first changing his unaffiliated registration to join the GOP in 2001 while working on Bloomberg’s inaugural mayoral campaign. If he were to run, financial assistance from Bloomberg — one of the richest men in America — could impact the race significantly.
Having been ranked the most generous philanthropist in 2023 with $3 billion in donations, Bloomberg one-upped himself in 2024 by doling out an additional $700 million. Last year’s gifts went towards causes like the arts, environment, public-health groups and city government improvement programs.
For the second year in a row, former New York City mayor Michael Bloomberg gave the most to charitable causes, according to the Chronicle of Philanthropy’s exclusive Philanthropy 50 list of the Americans who donated the largest sums to nonprofits last year.
San Francisco Mayor Daniel Lurie said that one of his role models in politics is former New York City Mayor Michael Bloomberg, who was first elected as a moderate Republican.
Bloomberg topped the list, which also features Warren Buffett and Mark Zuckerberg, for the second consecutive year.
Also today: Buffalo’s billion-dollar freeway fix is on ice, and Ramaphosa’s plans to resuscitate Johannesburg.
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