Michael Bloomberg Chosen as First Recipient of Genesis Prize, the "Jewish Nobel"

Prize established by a Russian Jewish charity, Benjamin Netanyahu will present it in May

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."