Tom Steyer, Billionaire businessman and Democratic megadonor, has entered the 2026 California governor’s race, in an already crowded field. Steyer, 68, announced his candidacy on Wednesday (November 19) through a video released on YouTube and a post on X.

“I’m running for governor because Californians deserve a life they can afford,” Steyer wrote on X. “Sacramento politicians are afraid to change this system. I’m not.”

Steyer launched his 2026 California governor campaign with a strikingly populist message—one that targets the ultrawealthy, despite being among them himself.

In his campaign ad, Steyer criticizes America’s richest individuals for exploiting the system and benefiting at the expense of ordinary Californians.

“The richest people in America think that they earned everything

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