A new contender has entered the race to lead California, a state perpetually at the forefront of American politics. Billionaire Tom Steyer, known for his substantial influence in Democratic circles, has officially announced his candidacy for governor.
Steyer didn’t mince words in his campaign launch, immediately challenging a core tenet of American wealth perception. His opening video featured a blunt assertion: the idea that the wealthiest Americans are entirely self-made is, in his view, demonstrably false, punctuated with a forceful expression of disbelief.
Steyer’s rise in national politics began a decade ago, transforming from a successful hedge fund manager into a prominent political activist. He founded NextGenAmerica, a powerful organization focused on mobilizing young voters, playing a key role in the Democratic surge that reclaimed the House of Representatives in 2018.
He quickly became a leading voice advocating for the impeachment of President Donald Trump, spearheading the “Need to Impeach” movement and injecting significant financial resources into the effort. This marked a turning point, establishing him as a central figure in the resistance against the previous administration.
Steyer’s ambition extended to a 2020 presidential run, fueled by a staggering $250 million of his personal fortune. Despite the massive investment, his campaign faltered in the early stages, leading to his withdrawal from the race before the primaries gained full momentum.
The attempt didn’t escape the notice of his political rivals. Former President Trump publicly criticized Steyer’s spending, dismissing his efforts as a costly failure and derisively labeling the Democratic field a “Clown Show.”
The current governor, Gavin Newsom, has already navigated two successful elections, including a challenging recall attempt in 2021. However, the California constitution prevents him from seeking a third term, opening the door for a competitive race.
Steyer joins a diverse field of candidates vying for the governorship. Among those seeking the state’s highest office are U.S. Representative Katie Porter, former Los Angeles Mayor Antonio Villaraigosa, Riverside County Sheriff Chad Bianco, and former Fox News host Steve Hilton, promising a complex and dynamic election cycle.
