Yes, even in that case. In a ranked choice election, you cannot simply look at the numbers in isolation. The opponents to Boudin ran something of a slate where

Yes, even in that case. In a ranked choice election, you cannot simply look at the numbers in isolation. The opponents to Boudin ran something of a slate where they cross-promoted each other. So in a real sense, Boudin won despite being outspent in 2020. (Though there is a compelling case to make that Boudin's victory was mostly a fluke due to Nancy Tung's Cantonese language voters being misled by local Chinese-only newspapers about policy positions.)