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Michael Bloomberg Will Donate His Eponymous Company to a Philanthropic Trust

Michael Bloomberg, billionaire founder of media, finance and data company Bloomberg, plans to leave his business empire to charity. The move follows the recent announcement that proceeds from apparel...

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New York City Ballet’s Spring Gala Raises Record-Setting $3.45M 

Last night (May 4), dancers, philanthropists and Manhattan’s well-heeled joined the likes of Michael Bloomberg, Julianne Hough and Carolina Herrera in celebrating the New York City Ballet’s 2023...

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Forbes Finds its Billionaire

Back in the heyday of print, Fortune, Forbes and BusinessWeek comprised the Holy Trinity of prestigious business magazines. A PR agency that managed to land its client a cover—at least, a favorable...

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Bloomberg, Buffett and Warhol Make Major Donations

Here are some of the biggest stories in philanthropy today, from the Warhol Foundation’s continued fight for freedom of expression to new revelations over Michael Bloomberg’s support for New York...

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Prominent Philanthropists Condemn SCOTUS Affirmative Action Decision

After being in place for 60 years, affirmative action at universities and colleges across the nation has been effectively struck down by the U.S. Supreme Court. Now some of the biggest names across...

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Sneak Peek: What to Expect from Perelman Performing Arts Center

For nearly two decades, the quest to cultivate a cultural nucleus within the reimagined World Trade Center proved elusive. While a coterie of renowned artistic organizations, from The Joyce Theater to...

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Michael Bloomberg Lays Out His Succession Plan

Michael Bloomberg, the founder of Bloomberg L.P. and former New York City mayor, said his foundation, Bloomberg Philanthropies, would inherit his media and tech empire after he dies and then...

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Michael Bloomberg Donates a Second $500M to Eradicate Coal

In 2019, businessman and former New York City mayor Michael Bloomberg funneled $500 million into the launch of Beyond Carbon, an initiative that aims to close all coal plants across the U.S. by 2030....

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Billionaire Michael Bloomberg Wants to Break the ‘Urban Doom Loop’

Sustainable planting. Healthier eating. Language development education. These are among the initiatives that Michael Bloomberg is attempting to replicate among thousands of global cities through...

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In Philanthropy: Michael Bloomberg’s $44M Donation and More

From a historical donation to the University of Virginia’s business school to the significant expansion of a space and science museum in California, these are notable recent developments in the world...

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The Most Influential People in the Art World Today

The past year has been one of more transformation than usually occurs in the art world in any given twelve-month span. The cooler market can only account for some of the sweeping change—though “it is...

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Elon Musk Says in Podcast He’d Rather Be Dead Than Living to 100 With Dementia

Among the world’s wealthiest individuals, especially those over 50, there seems to be a growing shared passion for discovering the elixir of life. Billionaires including Jeff Bezos, Bill Gates, Larry...

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Here Are the Top 15 Highest Paid Americans, Released for the First Time

ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive their biggest stories as soon as they’re published. Periodically, we get a glimpse into the financial lives of...

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At NYCB’s Spring Gala, Two Premieres and a Classic Bloomed

Spring was in the air last week as the New York City Ballet held its Spring Gala at Lincoln Center’s David H. Koch Theater. The view from the Promenade during the cocktail reception was, frankly,...

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Big Names and Plenty of Shade: Inside the 2024 Serpentine Summer Party

As usual, the glamorous Serpentine Summer Party in London was hot—and not just because of the surprisingly blue skies and balmy temps that sent some A-listers seeking shade. Luckily, they found it in...

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Sun Valley 2024 Guest List: Who Is (and Isn’t) Invited?

The mountain resort of Sun Valley, Idaho, is a relatively remote destination for most of the year, with a population of less than 2,000 and no shortage of skiing and hiking routes. But in July, the...

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Michael Bloomberg Donates $600M to Boost Endowments at Historically Black...

Michael Bloomberg, the billionaire founder of the media, financial and data company Bloomberg L.P., is pledging a staggering $600 million to four historically Black medical schools that produce half...

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Bill Gates’ Breakthrough Energy Ventures Raises $839M for Third Fund

Breakthrough Energy Ventures, the climate-focused investment firm backed by Bill Gates, has raised some $839 million for a third flagship fund, according to a recent U.S. Securities and Exchange...

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The Most Influential People in Art

This year has been a wild ride for the art world, with pandemic-fueled hype fizzling out and a hard market plunge reminding everyone that even the glitziest markets are subject to gravity. With...

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Six of the World’s Richest People Who Are Not Leaving Billions to Their Children

In the next two decades, the heirs of the world’s wealthiest are expected to become significantly richer. An estimated $84 trillion is expected to change hands by 2045 in what has been deemed the...

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