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Michael Bloomberg To Give Commencement Speech At Harvard University

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MICHAEL BLOOMBERG
FILE - In this Dec. 18, 2013, file photo, Mayor Michael Bloomberg speaks in New York. The former New York mayor was the No. 4 philanthropist in 2013, The Chronicle of Philanthropy reported, Monday, Feb. 10, 2014. Bloomberg made gifts totaling $452 million in 2013 to arts, education, environment, public health and other causes. (AP Photo/Bebeto Matthews, File) | ASSOCIATED PRESS
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CAMBRIDGE, Mass. (AP) — Billionaire businessman and former New York City Mayor Michael Bloomberg has been selected to speak at Harvard University's 2014 commencement exercises.

The Ivy League university announced Wednesday that the Massachusetts native and Harvard Business School graduate will speak at afternoon exercises at the school's 363rd commencement on May 29.

Harvard President Drew Faust said Bloomberg's career has been "a rare blend of public leadership, private-sector entrepreneurship, and powerful philanthropic engagement."

Bloomberg has remained engaged with the university. He has endowed a professorship and the renovated Baker Library/Bloomberg Center is named in honor of his late father.

In addition to founding Bloomberg L.P., the financial services news company that has more than 300,000 subscribers, he established Bloomberg Philanthropies.

Afternoon exercises serve as the annual meeting of the Harvard Alumni Association.

Earlier on HuffPost:

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Former NY mayor Bloomberg tapped as Harvard commencement speaker