When Michael Bloomberg became mayor of New York City in 2001, he was worth about $4 billion and as he leaves office at the end of the year he will be worth about $31 billion.
For the year of 2013, he will have spent about $400 million on pet causes, which is only 1.3% of his net worth.
It is commendable that he is willing to spend his money on education, smoking bans, and other health initiatives. It is also a little scary to think that at the age of 71, that even if he gave away a billion a year, he would probably die before he ran out of money.
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