Mike Bloomberg was named the inaugural laureate of the Genesis Prize, a $1 million award that will annually recognize an honoree who has attained excellence and international renown, and whose actions and achievements embody the character of the Jewish people through commitment to Jewish values, the Jewish community and/or the State of Israel.

In this video, Bloomberg reflects on his upbringing and the values that drive his commitment to philanthropy. His contributions to society are lauded by world leaders including Barack Obama, George W. Bush, Bill Clinton, and David Cameron, business leaders Bill Gates and Ken Chenault, and celebrities like Bono and Bette Midler, as well as his sister and daughters.

Subsequently, Bloomberg announced he would invest his award to create a global competition, the Genesis Generation Challenge.