JTA
October 21, 2013

New York Mayor Michael Bloomberg will be the first recipient of the $1 million Genesis Prize, which is being called the “Jewish Nobel Prize.”

The award is set to be announced Monday, The New York Times reported Sunday. Israeli Prime Minister Benjamin Netanyahu will present the prize to Bloomberg at a ceremony in Jerusalem in May.

The Genesis Prize Foundation was established in 2012 by the Genesis Philanthropy Group, a consortium of mega-wealthy philanthropist-businessmen from the former Soviet Union including Mikhail Fridman, Pyotr Aven and German Khan; the Office of the Prime Minister of Israel; and the Jewish Agency for Israel.

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