Business

Mayor Bloomberg Adds $4.5 Million Estate To Extensive Real Estate Portfolio

Mayor Michael Bloomberg speaks at a news conference on Sunday, April 8, 2012 (credit: CBS 2)

Mayor Michael Bloomberg speaks at a news conference on Sunday, April 8, 2012 (credit: CBS 2)

TRI-STATE NEWS HEADLINES

From our newsroom to your inbox weekday mornings at 9AM.
Sign Up

NEW YORK (CBSNewYork/AP) - New York City Mayor Michael Bloomberg has added a $4.5 million estate to his already extensive real estate portfolio.

The New York Times reported that tax returns show that the mayor purchased a 33-acre estate in Westchester County last year. The new property in North Salem, N.Y., is adjacent to a 20-acre residence that Bloomberg purchased in 2001 for his daughter, Georgina, the newspaper reported.

The mayor owns properties in Manhattan, Bermuda, London, Southampton, N.Y., Vail, Colo., and Wellington, Fla. Bloomberg also bought a 35-acre Hamptons estate in 2011.

Do you have a problem with Mayor Bloomberg owning all of these properties, or is he free to spend his money however he pleases? Offer your thoughts and comments in the section below…

(TM and Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)