Michael Bloomberg Net Worth: Billionaire Donates $1B To John Hopkins University, Donated Same Amount in 2018

Michael Bloomberg donates $1 Billion to make Johns Hopkins Medical School free for most students. (Credit: Wikimedia Commons)

In a major philanthropic push for affordable healthcare education, Bloomberg Philanthropies donated $1 billion to Johns Hopkins University, making medical school free for most students. The donation joins similar initiatives across the country.

In a letter featured in Bloomberg Philanthropies' annual report, Michael Bloomberg highlighted that their recent billion-dollar donation was their bid to address two pressing issues: a decline in public health and a lack of access to quality education.