Michael Bloomberg's Net Worth Is $47B, How Will He Use It?

Originally posted on cbsnews.com

The media mogul says most of his fortune will go to his foundation – viewing personal philanthropy not as a threat to democracy, but a way to get things done

• So far, Bloomberg has given away $5B to causes that often dovetail with his political interests, like gun control and the environment.
• The ex-mayor of NYC would have bankrolled a 2016 presidential campaign if he thought he had a “reasonable chance” of getting elected.
• Who would have been his running mate? Retired Navy Adm. Mike Mullen, say aides.
• He’s been ridiculed for spending $1B+ on public health initiatives, but points out the life expectancy of New Yorkers increased by three years while he was mayor. 

To read the full article and watch the interview, click here.