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Bloomberg, the wealthiest man in New York, 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 wanted as long as he filed expense reports.
By contrast, his challenger William Thompson Jr. will probably have spent $9 million on his first mayoral bid when all the bills have been paid. Thompson relied on donations and matching funds. His filing is expected Monday.
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Bloomberg was first elected in 2001 by just a three-point margin, and he spent a record $74 million. In his re-election bid in 2005, he stomped his Democratic opponent by nearly 20 points and outspent himself by about $11 million, shelling out a whopping $85.1 million.
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