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.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
The Israeli army's 'tourist hikes' in occupied Golan HeightsUnder The Radar 'Provocative' twice-daily tours into territory seized from Syria have quickly sold out
-
The Resistance: Is it finally taking off?Feature Mass protests erupted across all 50 states during the 'Hands Off!' demonstrations against the Trump administration
-
Loomer: Feeding Trump's paranoiaFeature Trump fires National Security Council officials after the conspiracy theorist attended a meeting in the Oval Office
-
Trump says electronics tariff break won't lastSpeed Read The tariff exemptions on smartphones, laptops and other electronic devices are temporary, the administration says
-
Man charged in arson attack on Pennsylvania's ShapiroSpeed Read Governor Josh Shapiro and his family were sleeping when someone set fire to his Harrisburg mansion
-
White House pushes for oversight of Columbia UniversitySpeed Read The Trump administration is considering placing the school under a consent decree
-
Supreme Court backs wrongly deported migrantSpeed Read The Trump administration must 'facilitate' the return of wrongfully deported migrant Kilmar Ábrego García from El Salvador, Supreme Court says
-
Two judges bar war-powers deportationsSpeed Read The Trump administration was blocked from using the Alien Enemies Act to deport more alleged Venezuelan gang members
-
Trump pauses some tariffs but ramps up China taxSpeed Read The president suspended most 'reciprocal' tariffs for 90 days and raised his tariffs for China to 125%
-
Ukraine nabs first Chinese troops in Russia warSpeed Read Ukraine claims to have f two Chinese men fighting for Russia
-
IRS chief resigning after ICE deal on taxpayer dataSpeed Read Several IRS officials are stepping down after the tax agency is forced to share protected taxpayer records to further Trump's deportation drive
