As incumbent New York City Mayor, Bill De Blasio, was sworn into office this morning, 1st January 2014, facts have emerged that the former Mayor, Billionaire Michael Bloomberg, spent 650 million Dollars of his personal money on being Mayor.
Bloomberg is reported to have spent a fortune on New York City during the three terms he served as New York Mayor. As a matter of fact, the New York Times, which did the compilation say that estimate is well below the true figure.
Bloomberg, 71, gave $30m of his personal money to a project designed to improve the lives of black and Latino men in the city, spent $890,000 on 12 years worth of breakfast and Lunch for his staff and gave $7m to encourage gun control.
He also reportedly paid £62,000 to clean out two tropical fish tanks located in the City Hall. He also paid for all the official trips he made while in office as Mayor.
Michael Bloomberg refused to take the $2.7m salary he was offered as Mayor but donated $263m to arts, civic, cultural and health groups in New York.
Some people reckon Michael Bloomberg is the most generous politician ever.
When would Africa ever have a politician like that?