Another Billionaire for Global Health
As we have discussed before on this blog, philanthropy is becoming a major influence in the global health arena unlike at any other time in our history (see a previous post on the Gates Foundation here and the recent influx of over $250 Million for global health education here). Michael Bloomberg, the mayor of New York and multi-billionaire, may be aiming to ramp up his philanthropic efforts after he leaves office. Health related excerpts from the news release below:
“Estimates of Bloomberg’s wealth range from $5.5 billion to more than $13 billion, and his riches would multiply if he sold the financial information company he founded…Some of last year’s $165 million went toward starting a worldwide campaign he announced last year against smoking, a health concern he says is often overlooked in philanthropy. He has pledged $125 million over a few years for the cause…”
“Aides said he is set to announce a $9 million gift to the World Health Organization over the next two years to prevent traffic fatalities. They are a leading cause of death among young people in low- and middle-income countries and one more cause that does not get a lot of philanthropic attention…Some of his largest personal gifts have gone to The Johns Hopkins University. In 2006, he also gave $100 million for medical research and a new children’s hospital…” Full story.