Keyword Search:
text size: A | A | A
Gates, Bloomberg pool riches to fight smoking
   posted 3:03 pm Wed July 23, 2008 - NEW YORK
Microsoft founder Bill Gates and New York Mayor Michael Bloomberg are pooling their piles of money to pour $375 million into a global effort to cut smoking. The billionaire philanthropists, who have a combined worth of more than $70 billion, said Wednesday that the money will help efforts in developing countries where tobacco use is highest. There are more than 1 billion smokers worldwide.
ABC 7 News - Gates, Bloomberg pool riches to fight smoking
  ABC 7 News - Share Gates, Bloomberg pool riches to fight smoking  ABC 7 News - Print Gates, Bloomberg pool riches to fight smoking  ABC 7 News - Email Gates, Bloomberg pool riches to fight smoking  ABC 7 News - RSS Feeds  ABC 7 News - Send Gates, Bloomberg pool riches to fight smoking via Instant Messager
ABC 7 News - Share This Article
related stories:
Stay on top of breaking news! Sign up for ABC 7 News e-mail alerts.
Your Email:  
The $250 million from Bloomberg and $125 million from Gates will support projects that raise tobacco taxes, help smokers quit, ban tobacco advertising and protect nonsmokers from exposure to smoke, their foundations said. It will also aid efforts to track tobacco use and better understand tobacco control strategies.

"Bill and I want to highlight the enormity of this problem and catalyze a global movement of governments and civil society to stop the tobacco epidemic," Bloomberg said in a statement.

ABC 7 News myTAKE - What's Your Opinion? Bloomberg, who built his fortune from the financial information company he founded in the 1980s, is adding to an anti-smoking initiative he funded with $125 million in 2006.

That money goes toward tobacco-fighting campaigns in low- and middle-income countries, most specifically China, India, Indonesia, Russia and Bangladesh. The Bloomberg foundation is also conducting a survey to better understand smoking in those countries.

When Bloomberg first announced that $125 million gift, he said at the time that he believed smoking was a public health issue that was largely ignored by philanthropists. He said he hoped publicizing it would bring more attention from other major foundations.

Gates said Wednesday that $24 million of his gift will go directly toward Bloomberg's efforts that are already underway.

The remaining money will be used by his foundation to begin its own anti-tobacco work, including preventing tobacco use from increasing in Africa.

"Tobacco-caused diseases have emerged as one of the greatest health challenges facing developing countries," Gates said in a statement. "The good news is, we know what it takes to save millions of lives, and where efforts exist, they are working."

Bloomberg, a former smoker who quit about 30 years ago, has crusaded against smoking as mayor. In his first term he banned smoking in bars and restaurants and his health department has an aggressive, ongoing campaign to help New Yorkers kick the habit.

Written By SARA KUGLER

Follow ABC 7 News on Twitter

Is Your House Ready For The Summer? Ask The Experts!
You need to be a registered member of
ABC 7 News to leave comments on news stories.
Not a member yet? Click Here to sign up.
Username or Email Address
Password
Please leave your comments below:
Messages that harass, abuse or threaten other members; have obscene or otherwise objectionable content; have spam, commercial or advertising content or inappropriate links may be removed and may result in the loss of your posting privileges. Please do not post any private information unless you want it to be available publicly. Never assume that you are completely anonymous and cannot be identified by your posts.


TM & © WJLA/NewsChannel 8, a division of Allbritton Communications Company
Please read our Privacy Policy. By using this site, you accept our Terms of Service.
Children's Television | EEO Reports | DTV Consumer Education Reports
WJLA adheres to the ICRA RATING SYSTEM