World

Israel awards New York mayor, Bloomberg, $1 million prize dubbed 'Jewish Nobel'

FILE - In this  Thursday, Feb. 1, 2007 file photo, New York City Mayor Michael Bloomberg attends at a cornerstone ceremony for the Magen David Adom's William H. Bloomberg Jerusalem Station, named after his late father in Jerusalem. Israel has recognized New York Mayor Michael Bloomberg as the first ever recipient of an award dubbed the “Jewish Nobel Prize. ”The Genesis Prize Foundation said Monday that Bloomberg was its inaugural winner. The prize recognizes “exceptional human beings who, through their outstanding achievement, come to represent a fundamental value of the Jewish people.” (AP Photo/Sebastian Scheiner, File)

FILE - In this Thursday, Feb. 1, 2007 file photo, New York City Mayor Michael Bloomberg attends at a cornerstone ceremony for the Magen David Adom's William H. Bloomberg Jerusalem Station, named after his late father in Jerusalem. Israel has recognized New York Mayor Michael Bloomberg as the first ever recipient of an award dubbed the “Jewish Nobel Prize. ”The Genesis Prize Foundation said Monday that Bloomberg was its inaugural winner. The prize recognizes “exceptional human beings who, through their outstanding achievement, come to represent a fundamental value of the Jewish people.” (AP Photo/Sebastian Scheiner, File)  (The Associated Press)

Israel has recognized New York Mayor Michael Bloomberg as the first ever recipient of a $1 million award popularly dubbed the "Jewish Nobel Prize."

The Genesis Prize Foundation said Monday that Bloomberg was the winner of the inaugural prize.

According to the foundation, the award recognizes "exceptional human beings who, through their outstanding achievement, come to represent a fundamental value of the Jewish people."

Prime Minister Benjamin Netanyahu will present the prize early next year in Israel. The foundation says Bloomberg will then announce to which philanthropic cause he will donate the prize.

The foundation quoted Bloomberg as saying he was honored to be prize's first recipient. He noted his parents "instilled in me Jewish values and ethics that I have carried with me throughout my life."