Tom Steyer Campaign for California Governor: Climate Change Hysteria Likely Key to Platform

Michael Bloomberg, the billionaire media mogul and former New York City mayor, became infamous for spending more than $1 billion on his 2020 campaign for the Democratic presidential nomination. He dropped out having won only one party delegate.

There was another billionaire who went bust in the 2020 Democratic primaries. California hedge fund founder Tom Steyer spent $345 million of his own money, $4,600 for every vote he received, and won no delegates.

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John Fund

John Fund is National Review’s national-affairs reporter.

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Michael Bloomberg, the billionaire media mogul and former New York City mayor, became infamous for spending more than $1 billion on his 2020 campaign for the Democratic presidential nomination. He dropped out having won only one party delegate.

There was another billionaire who went bust in the 2020 Democratic primaries. California hedge fund founder Tom Steyer spent $345 million of his own money, $4,600 for every vote he received, and won no delegates.