The proposed park dubbed “Billionaire’s Island” juts out over the Hudson River.
Billionaire Barry Diller and his wife, fashion designer Diane von Furstenberg, have agreed to provide over $100 million to build a 2.7-acre park on a West 14th Street pier through a family foundation.
Bill Gates is still the wealthiest man in America. However, Mayor Michael Bloomberg isn’t too far behind.
The Diller-von Furstenberg Family Foundation made the gift, Mayor Michael Bloomberg said. The gift will pay for the last section of the park and supplement the park’s endowment.
Forty wealthy families and individuals have joined Microsoft Corp. co-founder Bill Gates and billionaire investor Warren Buffett in a pledge to give at least half their wealth to charity.