Mayor Michael Bloomberg Buys Two More Southampton Properties

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Mayor Michael Bloomberg is expanding his presence in the Hamptons. The mayor — worth an estimated $25 billion — recently purchase two properties adjacent to the tony Southampton estate he bought two years ago, reports the New York Daily News.

Bloomberg now owns more than 40 acres of prime Gold Coast real estate overlooking Peconic Bay, plus 10 other properties, including his upper East Side townhouse and vacation homes in London, Bermuda and Vail.

A spokesman for the mayor wouldn’t reveal the purchase price, but according to a report filed with city’s Conflicts of Interest Board, he appears to have paid more than $500,000 for the land.

Photo credit: NYDN