Bloomberg Awarded $1 Million Prize by Jewish Charitable Group

He sure could use the money, we're sure

Mayor Michael R. Bloomberg will be honored on Monday as the first recipient of a $1 million award that organizers are calling the "Jewish Nobel Prize."

Prime Minister Benjamin Netanyahu of Israel will present the award, named the Genesis Prize, to Mr. Bloomberg at a ceremony in Jerusalem in May. The award, established by a charity founded by Russian Jewish billionaires, aims to honor "exceptional people whose values and achievements will inspire the next generations of Jews."

The announcement of the inaugural award will be made at a news conference in New York on Monday. The charity, the Genesis Philanthropy Group, has financed an endowment of $100 million to pay for the prize for years to come.