Bloomberg spends record $85 million in New York mayor’s race
And it's no secret that he's gonna win.Mayor Michael Bloomberg has now spent $85 million of his own fortune in his bid for a third term as mayor of New York City. By the Nov. 3 election, that total is expected to soar to between $110 million and $140 million.
This means Bloomberg – whose campaign spending is estimated at $850,000 to $1 million a day – has set a new record for personal campaign spending.
By contrast, Bloomberg’s competitor, comptroller William Thompson, has spent only about $6 million.
Bloomberg is apparently pretty much universally loved in New York, so most people really aren't taking issue with this.
I am.
Bloomberg is worth roughly $17 billion. Thank God he's a good mayor, 'cause if he wasn't, no one else could hope to outspend him.