(CNN) - Former eBay chief executive and current California gubernatorial candidate, Meg Whitman, has broken the all-time personal spending record for an American political candidate, dishing out $119 million in her bid for the governors mansion.
Whitman who is running against Democratic opponent Jerry Brown, surpassed the previous self-financed campaign record of $109 million dollars set by New York Mayor Michael Bloomberg on his 2009 reelection campaign.
Cashing in on your personal savings does not always guarantee a victory and according to a CNN/Time/opinion Research Corporation survey released September 8, the gubernatorial battle is too close to call.
The poll indicated that Whitman has a two-point advantage over Brown, 48 to 46 percent, which is within the sampling error.
Whitman believes she has gotten her money's worth stating, "I've invested in an entire campaign. I'm delighted with where we are." Adding that it takes a lot of money to be competitive in California, a state that has 2.3 million more Democratic voters than Republican voters and her job is to "spend money to get this message out, and to make sure that every Californian has the information they need to make an informed decision."
Is there a limit to the billionaire's spending spree? Whitman says the money is "not unlimited" and she wants to continue to be "smart and strategic" in the final 47 days of the campaign.
The winner of November's general election will succeed term-limited Republican Gov. Arnold Schwarzenegger.
The CNN/Time/Opinion Research Corporation poll was conducted September 2-7, with 866 registered voters in California. The survey's overall sampling error is plus or minus 3.5 percentage points.