Bloomberg Spent $650 Million of His Fortune Being Mayor

“An analysis by the New York Times shows that Mr. Bloomberg has doled out at least $650 million on a wide variety of perks and bonuses, political campaigns and advocacy work, charitable giving and social causes, not to mention travel and lodging, connected to his time and role as mayor.”

“In the process, he has entirely upended the financial dynamics surrounding New York’s top job. In the past, the city paid its mayor; Mr. Bloomberg paid to be the city’s mayor.”