Bloomberg Using $1m 'Jewish Nobel' Prize for Israeli-Palestinian Ties

Outgoing N.Y.C. mayor to use Genesis Prize proceeds to promote commerce between Israelis, Palestinians.

JTA
JTA
JTA
JTA

New York City Mayor Michael Bloomberg said he will use the $1 million Genesis Prize to promote economic ties between Israelis and Palestinians.

Bloomberg said Monday night at a Hanukkah party at the Museum of Jewish Heritage-Living Memorial to the Holocaust that he will use the proceeds from the first Genesis Prize, known as the Jewish Nobel Prize, to “promote commerce between the people in Palestine and the people in Israel,” the Daily Forward reported.

It is not yet known which organizations will be assisted by the prize money, according to The New York Jewish Week.

Bloomberg, a billionaire businessman, acknowledged again Monday — as he did when the award was announced — that he was unsure about why he was selected for the prize. He will receive the prize in May.

In his third and final term as New York mayor, Bloomberg was chosen from among more than 200 nominees worldwide because of his “track record of outstanding public service and his role as one of the world’s greatest philanthropists,” according to the prize committee.

The prize, which will be given out annually, is awarded to an accomplished, internationally renowned professional who is a role model in his or her community and can inspire the younger generation of Jews worldwide, according to the Genesis Prize Foundation website.

The foundation was established last year by the Genesis Philanthropy Group, a consortium of mega-wealthy philanthropist-businessmen from the former Soviet Union including Mikhail Fridman, Pyotr Aven and German Khan; the Office of the Prime Minister of Israel; and the Jewish Agency for Israel.

Michael Bloomberg. October 18, 2013.Credit: Reuters

Click the alert icon to follow topics:

Comments

SUBSCRIBERS JOIN THE CONVERSATION FASTER

Automatic approval of subscriber comments.

$1 for the first month

Already signed up? LOG IN

A family grieves outside the SSGT Willie de Leon Civic Center following the mass shooting at Robb Elementary School in Uvalde, Texas on Wednesday.

Israeli PM Offers Condolences After Texas Gunman Kills 21 at Elementary School

U.S. President Joe Biden, this week.

Biden Decides to Keep Iran's Revolutionary Guards on Terror List, Says Report

ADL CEO Jonathan Greenblatt.

Progressive Jews Urge ADL Chief to Apologize for Calling Out Democratic Activist

Democratic Sen. Bernie Sanders with Jessica Cisneros in San Antonio last week.

It’s AIPAC vs. Bernie Sanders in Too-close-to-call Texas Democratic Runoff

U.S. President Joe Biden. Making a historic pivot to Asia.

Biden Does What His Three Predecessors Talked About Yet Failed to Do

Meir Kahane addressing his followers during a demonstration in Jerusalem, in 1984.

Why the U.S. Removed Kahane Chai From Terrorist Blacklist