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Bloomberg campaign for mayor cost $109m

By Sara Kugler Frazier
Associated Press / July 16, 2010

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NEW YORK — All the bills are paid in the most expensive self-financed bid for office in US history — New York Mayor Michael Bloomberg’s campaign for a third term — and they total $109.2 million.

The billionaire mayor, who outspent his Democratic opponent by more than 11 times, filed a final report yesterday, showing $866,250 in expenses since the last filing, in January — leftover bills associated with shutting down the 2009 campaign, said the deputy mayor, Howard Wolfson, who was Bloomberg’s campaign spokesman.

Bloomberg, who founded the financial information company that bears his name, has a fortune estimated by Forbes magazine at $18 billion. He is ranked as the wealthiest person in New York City and the 23rd richest in the world.

He did not take donations or public money and was permitted to spend freely on his campaign.

Dave Levinthal at the Center for Responsive Politics, which tracks money in politics, said the mayor’s spending total is “a remarkable number.’’

“This simply has not happened at any level of government,’’ he added.

Bloomberg’s reign at the top may be short-lived: In California, former eBay chief Meg Whitman has spent $90 million of her own money on her Republican campaign for governor and says she is willing to spend $150 million.

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