News

Report: Bloomberg Spent $650M On NYC In 12 Years

View Comments
New York Mayor Michael Bloomberg on December 18, 2013 in New York City.  (Photo by Spencer Platt/Getty Images)

New York Mayor Michael Bloomberg on December 18, 2013 in New York City. (Photo by Spencer Platt/Getty Images)

NEW YORK (CBSNewYork) – A new report says billionaire Mayor Michael Bloomberg has been very generous to the City of New York.

The outgoing mayor spent at least $650 million of his own fortune over the course of three terms in office, the New York Times reported.

That figure includes $30 million donated to the Metropolitan Museum of Art.

Forbes Magazine estimates Bloomberg, who famously took a $1 annual salary as mayor, is worth $27 billion.

Bloomberg leaves office at midnight Tuesday.

You May Also Be Interested In These Stories:

View Comments