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NY mayor Michael Bloomberg is the inaugural recipient of Israel's $1 million Genesis Prize, waggishly nicknamed the "Jewish Nobel".

"Israel on Monday recognized New York Mayor Michael Bloomberg as the first recipient of the $1 million Genesis Prize, an award popularly dubbed the 'Jewish Nobel Prize.' The Genesis Prize Foundation said Bloomberg was honored for his long record of public service and philanthropy. Israeli Prime Minister Benjamin Netanyahu will present the prize to Bloomberg early next year in Israel. Bloomberg, a billionaire, will then announce to which philanthropic cause he will donate the money." -- Associated Press

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