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Michael Bloomberg Giving $125 Million to Worldwide Traffic Safety

Mayor Bloomberg And NYPD Chief Ray Kelly Make Announcement

Former New York City Mayor Michael Bloomberg’s Foundation announced it would give $125 million for global traffic safety, the Chronicle of Philanthropy reports.  The Fund will distribute funds to 10 metropolitan areas worldwide where 90% of global traffic fatalities occur. Efforts are expected to focus on drunken driving, seatbelt safety and other improvements. The Foundation’s representative, Kelly Henning, invited 20 cities with more than 2 million residents to apply for the funding.

Bloomberg, since leaving office, has been focused on philanthropy and public awareness on issues such as gun control and domestic violence. He has donated considerable sums to political campaigns, and around 90% of the recipients have been Democrats in this election cycle. Bloomberg made his fortune with his financial data firm Bloomberg, which earned him $34 billion. He is currently rated as the 15th richest person in the world.

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