TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Bloomberg Spent $650 Million of Own Money on Being Mayor

Say what you want about Michael Bloomberg as a media mogul and/or a mayor, but know this: The dude knows how to spend money. The New York Times reports that Bloomberg spent about $650 million (an ”undoubtedly low” estimate) of his own fortune during his time as mayor of this fine city.

What did Bloomberg spend all that money on? We’re glad you asked! Below are some of our favorites.

  • $62,400 — spent on cleaning two giant aquariums in City Hall, every week for the past 12 years
  • $500,000 — used to pay for a jaunt to China
  • $28 million — cost of a completely necessary private plane
  • $73 million — used to defeat Mark Green in the 2001 mayoral election. To Bloomberg’s credit, Green recalls him saying “Yeah, well, it was expensive.”
Mediabistro Course

Overcoming Writer's Block

Overcoming Writer's BlockUse proven tools and exercises to get back to writing! Starting July 15, learn a process that will help you pinpoint your optimal writing conditions, structure your time and build a framework to increase your productivity. Register now!