the third terminator

Bloomberg Spent $650 Million of His Own Money Playing Fantasy Mayor

New York Michael Bloomberg was part of Tiger Woods's group during the Pro-Am tourney of the Deutsche Bank Championship at TPC Boston in Norton, Thursday, Aug. 29, 2013.
Photo: Wendy Maeda/The Boston Globe via Getty Images

Billionaire Michael Bloomberg tapped into his personal fortune to the tune of about $650 million — an “undoubtedly low” estimate, the New York Times reports — on “a wide variety of perks and bonuses, political campaigns and advocacy work, charitable giving and social causes, not to mention travel and lodging” during his time as mayor. Selections from the back-of-the-envelope math, from the principled to the indulgent, include 

Going from relatively anonymous, absurdly rich businessman to the most famous mayor in the world in three campaigns: $268 million

Private jet: $28 million

Private jet travel: $6 million

Campaign donations for others he happens to agree with: $23 million

Charitable giving to New York’s cultural institutions: $263 million

Renovations for Gracie Mansion, where he decided not to live in favor of his own mansion: $5 million

Fighting for gun control, immigration reform, and “volunteerism”: $18.9 million

A trip to China, likely not required for the mayor of NYC: $500,000

Weekly cleanings of the aquarium he had installed in City Hall, because he loves fish: $62,400

Complimentary breakfast and lunch for staff, because he loves food: $890,000

Running the greatest city in the world like a Fortune 500 company and/or SimCity monarchy on a salary of $1 for twelve years: Priceless

Bloomberg Spent $650 Million Being Mayor