A kid raised in a middle-class Boston suburb, Michael Bloomberg took out loans to pay for his tuition at Johns Hopkins University and worked as a parking lot attendant.
He learned early to pay it forward.
Bloomberg's first gift to his alma mater was a whopping $5 in 1965, a year after he graduated with a bachelor's degree in engineering.
Fast forward to Saturday, when the Baltimore university announced Bloomberg has now given a total of $1.1 billion. The latest commitment came in the form of a cool $350 million toward a "transformational" initiative aimed at cross-discipline solutions to societal problems.
In a statement, Johns Hopkins said Bloomberg, a former trustee, is believed to be the first person to ever reach the $1 billion level of giving to a single U.S. institution of higher education.FULL STORY