Billionaire investor, philanthropist and Democratic Party activist Tom Steyer announced Thursday he’s running for governor of California.
“I’m running for governor because Californians deserve a life they can afford,” Steyer said in a post on social media. “Sacramento politicians are afraid to change this system. I’m not.”
Steyer, who also made a bid for the Democratic presidential nomination in 2020, joins a crowded field of candidates in heavily Democratic California to succeed Gov. Gavin Newsom, who is finishing his second and final term and has been positioning himself for a presidential run in 2028.
The Democratic field of contenders for governor include former Orange County Rep. Katie Porter, former U.S. Health and Human Services Secretary and California Attorney General Xavier Becerra and former Los Angeles Mayor Antonio Villaraigosa. Leading Republicans include former Fox News commenter Steve Hilton and Riverside County Sheriff Chad Bianco.
Check back for updates on this developing story.
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