NYC mayor has spent record $102M to win a 3rd term
NEW YORK — A finance report shows New York City Mayor Michael Bloomberg has spent $102 million to narrowly win election to a third term.
The finance report filed Friday indicates it was the most expensive self-financed campaign in U.S. history.
Bloomberg spent $18.6 million in the final weeks of the campaign through Thursday. He beat challenger William Thompson by a tighter-than-expected margin of 5 points.
The mayor has a fortune estimated by Forbes magazine to be $17.5 billion. He did not take donations and was allowed by law to spend whatever he wants as long as he files expense reports.
Bloomberg broke his own records of $85.1 million in 2005 and $74 million in 2001.
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