Michael Bloomberg is putting his money where his mouth is. The New York City mayor and billionaire is contributing $30 million of his own money to a new initiative to bridge the gap between black and Latino youths and their peers. “We believe it is one of the most ambitious and comprehensive attacks on racial disparity … that any city has ever undertaken,” Bloomberg said. Billionaire hedge fund manager George Soros will match the mayor’s contribution, and the city will fund an additional $67.5 million. The announcement comes just days after Bloomberg raised $1.4 million in private donations (including $250,000 of his own money) to administer the city’s high school Regents exams.