Mayor Bloomberg, Part III: Entrepreneur-turned-politician Michael Bloomberg’s re-election campaign paid off in the polling booths Tuesday.
He changed the rules, he put down the cash, and now New York City’s Mayor Michael Bloomberg has been re-upped for a third term, beating his Democratic competitor, City Comptroller Bill Thompson, by a slim margin on Tuesday. —KA
Bloomberg defeated City Comptroller Bill Thompson, a Democrat, according to The New York Times, the Daily News and NY1 television.
With 96 percent of the votes counted, Bloomberg was ahead 51 to 46 percent.
His margin was far smaller than expected, given polls that showed him as recently as Monday with a double-digit lead and expectations of a large, lopsided victory.
Bloomberg vastly outspent his challenger, laying out $13 for every $1 spent by Thompson. Bloomberg is described by Forbes magazine as the richest man in New York, with a $16 billion fortune.