Billionaire Tom Steyer is making headlines with his entry into the crowded race for California governor. His bid pits him against an array of seasoned candidates vying to succeed Gavin Newsom, who is barred from running for a third term. In a campaign video, Steyer wasted no time grabbing attention, dismissing the notion that America’s wealthiest have solely earned their fortunes through individual merit. “Bulls— man. That’s so ridiculous,” he declared, setting a confrontational tone.
Steyer is no stranger to the political arena. Once a hedge fund manager, he transformed into a significant player in national politics, particularly over the last decade. He founded NextGenAmerica, an organization that galvanized young voters in the 2018 elections, a factor that aided Democrats in regaining control of the House of Representatives. Additionally, he was a key figure behind the “Need to Impeach” initiative, aiming to rally support for the impeachment of then-President Trump. Steyer’s 2020 presidential campaign was marked by his financial zeal, as he invested around $250 million of his own wealth. Despite being a formidable spender, his campaign faltered in early primaries, prompting his withdrawal from the race.
Trump took to social media to ridicule Steyer during his presidential run, labeling him as another participant in what he termed the “Democrat Clown Show.” The remark underscored a divide that Steyer now seeks to bridge as he heads into a closely watched gubernatorial race.
The stage is set with a diverse lineup of candidates. Alongside Steyer, other notable figures include former Health and Human Services Secretary Xavier Becerra, former Congresswoman Katie Porter, and former Los Angeles Mayor Antonio Villaraigosa. Each brings unique perspectives and experiences, shaping the dynamic of this race. Riverside County Sheriff Chad Bianco and former Fox News host Steve Hilton also add variety to the competition.
Steyer’s campaign will likely be scrutinized closely, especially given his previous attempts to ascend the political ladder. With voters facing various pressing issues, including California’s high cost of living and the contentious political climate, the race holds potential for shifts in voter allegiances.
The upcoming months will reveal whether Steyer’s message resonates with Californians amid the crowded field. As he positions himself in opposition to traditional narratives of wealth, he taps into a broader discourse questioning the nature of privilege and power in politics.
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