Mike Bloomberg is planning to leave his company to charity

I worked for bbg for 16 years. I should have quit 5-7 years ago. Anyway I'd be worried, assuming this story is correct noting there was no noise about this on the inside -- for employees.

Title should be “to his charity”.

Seems all billionaires are doing this. I understand the tax strategy, but, beyond that, is there something they see coming that we don’t know about?