NYC Mayor Names Board of Directors for Foundation

Wednesday, 31 Mar 2010 09:11 PM

 

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New York City's billionaire mayor has tapped former Florida Gov. Jeb Bush, former U.S. Department of the Treasury Secretary Henry Paulson, Newark, N.J., Mayor Cory Booker and 16 others to serve on the board of his philanthropic foundation.

Mayor Michael Bloomberg got his start on Wall Street and founded the financial information company Bloomberg LP. His fortune is estimated at $18 billion by Forbes magazine.

The three-term mayor recently began shaping a foundation to concentrate full time on his giving. He gave $254 million to 1,300 charities last year. He was ranked No. 4 on the Chronicle of Philanthropy's list of 50 Americans who gave the most.

The board also includes his two daughters, former Miami Mayor Manny Diaz and artist Maya Lin.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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