Bloomberg Spent $650 Million Of His Own Money As Mayor Of New York City

He Spent $650 Million Of His Own Money As Mayor Of NYC
NEW YORK, NY - DECEMBER 20: Mayor Michael Bloomberg visits John Gambling's final special on WOR 710 AM at WOR Studios on December 20, 2013 in New York City. (Photo by Slaven Vlasic/Getty Images for Clear Channel)
NEW YORK, NY - DECEMBER 20: Mayor Michael Bloomberg visits John Gambling's final special on WOR 710 AM at WOR Studios on December 20, 2013 in New York City. (Photo by Slaven Vlasic/Getty Images for Clear Channel)

Michael Bloomberg, who Forbes reports is worth around $27 billion, spent a chunk of his personal fortune as New York City's mayor. According to a very conservative estimate from The New York Times, who dug through public records and philanthropy databases, Bloomberg spent at least $650 million of his own money during his three terms as mayor.

Bloomberg famously agreed to a $1 a year salary over his 12 years as mayor. After all, as Earth's 13th richest human being, he really didn't need the money.

Below, a short list of Bloomberg's sometimes extravagant, and often charitable, expenses.

  • 268 million: That's how much Bloomberg spent on his own campaign to be elected mayor three times in a row.

  • 62,400: The price Bloomberg spent on cleaning the two large saltwater fishtanks he installed in City Hall.
  • 264 million: The amount Bloomberg donated to city cultural institutions like the Metropolitan Museum of Art.
  • 34 million: His private jet and the cost of using the private jet.
  • 890,000: The cost of free breakfast and lunch for his staff, over 12 years.
  • Bloomberg is set to leave office on midnight Tuesday. His successor, the considerably less wealthy Bill de Blasio, will be sworn in on Wednesday by President Bill Clinton.

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