Former New York City Mayor Michael Bloomberg is rich, but he's not that rich.
The false inflation of Bloomberg's wealth started when a journalist incorrectly tweeted that he could've used his $500 million in 2020 ad spending and "given each American $1 million and still have money left over." Then, without anyone breaking out a calculator, the tweet ended up on MSNBC's 11th Hour with Brian Williams, with both the host and The New York Times' Mara Gay going along with it.
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