The Latest Breaking News from Michael Bloomberg

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

Americans’ trust in government and politicians is at record lows. In a 2022 Pew Research survey, about two-thirds of respondents said that all or most people who run for office want to serve their own personal interests rather than the community’s.

Nvidia saw $600bn of its market value disappear, while its CEO, Jensen Huang, saw his net worth drop by nearly $21bn

This is the second time Bloomberg has stepped in to help uphold funding and reporting commitments under the Paris agreement

Billionaire Michael Bloomberg announced Thursday his foundation would fund the UN climate change body after President Donald Trump declared the United States would withdraw from the Paris Agreement for a second time.

Bloomberg pledges financial support to UN climate body following Trump’s exit from the Paris Agreement.

‘America first’ policies are not in keeping with Republican precedent

Billionaires played an unprecedented role in the 2024 US elections, with 150 of the world’s wealthiest families contributing nearly US$2 billion (£1.57 billion) trying to influence the outcome. This included donations from the likes of Elon Musk (US$133 million for the Republicans) and Michael Bloomberg (US$45 million for the Democrats).

Netflix co-founder Reed Hastings and former New York City mayor Michael Bloomberg made the largest contributions in 2024, and financial aid, especially for medical students, got most of the money

When Massachusetts voters decided to ditch the state’s high school graduation exams on Election Day, they joined a growing trend that has steadily chipped away at the use of high-stakes tests for the past two decades

The average true tax rate for the ultra-rich, including Elon Musk, is much lower than those less affluent as they leverage a host of tax-savings strategies to reduce their reported annual income despite skyrocketing net-worth growth