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Bloomberg's $650 Million in Personal Spending Benefited New York City

Image: Bloomberg's $650 Million in Personal Spending Benefited New York City

By Clyde Hughes   |   Monday, 30 Dec 2013 01:18 PM

New York Mayor Michael Bloomberg spent at least $650 million of his own money while leading America's largest city, which included his various campaigns and flying his private plane for work purposes, according to a New York Times report.

Bloomberg took a salary of $1 and spent his own money on many of the mayoral job experiences, according to the report carried in The Washington Post.

"In the past, the city paid its mayor; Mr. Bloomberg paid to be the city’s mayor," the Post quoted the report. "In moves that would make a financial planner’s head spin, he rejected the $2.7 million worth of salary to which he was entitled (accepting just $1 a year) and, starting in 2001, turned on a spigot of cash that has never stopped gushing. He poured at least $268 million of his personal funds into three campaigns for mayor."

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Bloomberg donated another $263 million to various New York nonprofits during his term, which included arts, civic, cultural and health groups. He even spent $5 million to renovate the mayor's residence, Gracie Mansion, a place never even stayed.

New York magazine noted that Bloomberg spent $890,000 on complimentary breakfast and lunch for his staff and another $62,400 for cleaning an aquarium he installed in City Hall.

Bloomberg will get a more humble title when he leaves office – grandfather. His daughter, Georgina Bloomberg, gave birth to her first child, Jasper Michael Brown Quintana, with boyfriend Ramiro Quaintana on Christmas Eve, according to Us Weekly.

Georgina Bloomberg, 30, a professional equestrian, is the youngest of Bloomberg's two daughters with ex-wife Susan Brown. Ramiro Quaintana, 36, is an equestrian from Argentina.

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According to the New York Post's Page Six, Georgina Bloomberg is the author of “The A Circuit” young-adult book series and is the Equine Welfare Ambassador for the American Society for the Prevention of Cruelty to Animals.

Page Six noted that Bloomberg's oldest daughter, Emma, 34, is a senior officer at the Robin Hood Foundation and is married to Chris Frissora.

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