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Bloomberg Spends $64 Million

NYC mayor seeks third term.

New York Mayor Michael Bloomberg has spent $64.8 million so far in his campaign to be elected a third time. Almost half of that—$28 million—was spent in the last 11 weeks. His opponent, Democrat William Thompson Jr., has struggled to raise funds and has spent about half of the $8 million he collected in donations and public matching funds. It's a staggering sum, but given that Bloomberg is worth an estimated $17.5 billion, at this rate he could run for about 270 terms and still have a bit of cash left over.

Read it at NBC

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