Billionaire climate activist Tom Steyer has officially entered the 2026 California governor’s race, launching a campaign after spending over $252 million of his own fortune on a failed bid for the Democratic presidential nomination in 2020.

Steyer, who announced his candidacy via social media and a campaign ad, is once again poised to invest heavily in his political ambitions, this time pledging to overhaul the state’s cost of living, energy market, and housing supply.

In his launch video posted to X, Steyer declared, “Californians deserve a life they can afford. Sacramento politicians are afraid to change this system. I’m not.” He is partnering with Fight Agency, the same political advertising firm used by left-wing figures such as New York City Mayor Elect Zohran Mamdani, M

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