{"id":2512328,"date":"2025-11-19T11:46:02","date_gmt":"2025-11-19T16:46:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democratic-megadonor-enters-california-governors-race\/"},"modified":"2025-11-19T11:47:12","modified_gmt":"2025-11-19T16:47:12","slug":"democratic-megadonor-enters-california-governors-race","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democratic-megadonor-enters-california-governors-race\/","title":{"rendered":"Democratic megadonor enters California governor&#8217;s race"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">12<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdemocratic-megadonor-enters-california-governors-race%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2512328&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Democratic billionaire and megadonor Tom Steyer has announced his candidacy for California governor in the 2026 race. Positioning himself as an outsider, Steyer pledges to lower the cost of living, <a href=\"https:\/\/amzn.to\/3YuVZYV\" >restore affordable housing<\/a>, and reduce electricity bills for the state&#8217;s over 39 million residents. In a campaign video, he emphasized preserving California as a hub for innovation while holding corporations accountable to pay their fair share, signaling a balance between supporting business and addressing economic inequalities.<\/p>\n<p>Steyer made his fortune founding Farallon Capital, a major hedge fund, and later founded NextGen America, a nonprofit focused on progressive issues like climate change. He has been active in politics, including a 2020 presidential run and efforts to impeach former President Donald Trump.<\/p>\n<p>He joins a crowded Democratic field seeking to succeed term-limited Gov. Gavin Newsom,including former Rep. Katie Porter,ex-HHS Secretary Xavier Becerra,and former LA Mayor Antonio Villaraigosa. Additionally, Rep.Eric Swalwell is reportedly considering entering the race amid recent allegations against him, which he denies.<\/p>\n<p>Although democrats dominate the primary field, recent polls show Republican candidates, former Fox News host Steve Hilton and Riverside County Sheriff chad Bianco, leading. California&#8217;s gubernatorial primary will be held on June 2, 2026, with the top two candidates advancing to the general election regardless of party.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Democratic megadonor Tom Steyer enters California governor&rsquo;s race<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2393114\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Democratic megadonor Tom Steyer on Wednesday jumped into <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/california\/\">California&rsquo;s<\/a> crowded <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/2026-elections\/\">governor&rsquo;s race<\/a>, pitching himself as the ultimate outsider who can lower the cost of living, bring back affordable housing, and drop electricity rates for more than 39 million people in the country&rsquo;s most populous state.&nbsp;<\/p>\n<p><span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">In a nearly&nbsp;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.youtube.com\/watch?v=PcDNfNu97W8\">two-minute video&nbsp;<\/a>on YouTube,&nbsp; Steyer, a billionaire who has been referred to as the &ldquo;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/3180093\/republicans-sound-alarm-next-george-soros-money-leftist-causes\/\">next George Soros<\/a>&ldquo;, made two core promises that seem to be at odds.<\/span> He wants to preserve&nbsp;the state&rsquo;s status as a hub for business and innovation while also lowering the cost of living for everyday Californians by making corporations pay &ldquo;their fair share.&rdquo;<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/congressional\/3891881\/kamala-harris-stumps-tennessee-democrat-aftyn-behn-competitive-special-election\/\">Harris stumps for Tennessee Democrat in competitive special election<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/state\/3891813\/adams-era-nypd-commissioner-jessica-tisch-zohran-mamdani\/\">Adams-era NYPD commissioner to stay in role under Mamdani<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/3891202\/trump-reversal-on-epstein-files-puts-2026-battlegrounds-on-alert\/\">Trump&#8217;s reversal on Epstein files puts 2026 battlegrounds on alert<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Tom Steyer speaks Tuesday, Jan. 14, 2020, during a Democratic presidential primary debate hosted by CNN and the Des Moines Register in Des Moines, Iowa. (AP Photo\/Patrick Semansky)<\/figcaption><\/figure>\n<p>&ldquo;There&rsquo;s a reason everybody comes here to start businesses, because this is the place that invents the future,&rdquo; Steyer said. &ldquo;I never want to lose that spark.&rdquo;<\/p>\n<p>But he later&nbsp;added, &ldquo;I&rsquo;m saying we have a broken government. It&rsquo;s been bought by corporations.&rdquo;<\/p>\n<p>Steyer claimed that &ldquo;Sacramento politicians are afraid to change up this system. I&rsquo;m not. They&rsquo;re going to hate this. Bring it on.&rdquo;<\/p>\n<p>Steyer made his billions as the founder of <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.faralloncapital.com\/\">Farallon Capital<\/a><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.faralloncapital.com\/\">,<\/a> a hedge fund headquartered in San Francisco. The fund manages about $42 billion in assets. He sold his stake in the company in 2012 and started <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/nextgenamerica.org\/\">NextGen America<\/a>, a nonprofit organization that pushes progressive causes. NextGen also launched a super PAC and has helped fund races across the country. His involvement with NextGen made Steyer a known figure in liberal politics, with a focus on <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/climate-change\/\">climate change<\/a>. He has spent millions to help pass ballot measures targeting Big Tobacco as well as measures to keep California at the forefront of environmental laws.&nbsp;<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I&rsquo;m running for governor because Californians deserve a life they can afford.<\/p>\n<p>Sacramento politicians are afraid to change this system. I&rsquo;m not.<\/p>\n<p>Join us: <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/t.co\/YWoyLaGYSa\">https:\/\/t.co\/YWoyLaGYSa<\/a> <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/t.co\/fE1sSnkD4Y\">pic.twitter.com\/fE1sSnkD4Y<\/a><\/p>\n<p>&mdash; Tom Steyer (@TomSteyer) <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/twitter.com\/TomSteyer\/status\/1991145045337284945?ref_src=twsrc%5Etfw\">November 19, 2025<\/a><\/p><\/blockquote>\n<p><script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/div>\n<\/figure>\n<p>Steyer ran for president in 2020 and funded an effort to impeach President <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\">Donald Trump<\/a>. He joins a crowded field of at least six other Democrats trying to succeed Gov. <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/gavin-newsom\/\">Gavin Newsom<\/a> (D-CA), who is termed out of office next year. Other Democratic candidates vying for the job include former Rep. <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/katie-porter\/\">Katie Porter<\/a>, former Health and Human Services Secretary <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/xavier-becerra\/\">Xavier Becerra<\/a>, and former Los Angeles Mayor Antonio Villaraigosa.&nbsp;<\/p>\n<p id=\"gmail-anchor-29f25a\">Rep.&nbsp;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/eric-swalwell\/\">Eric Swalwell<\/a>&nbsp;(D-CA) is said to be considering&nbsp;leaving Congress and joining the&nbsp;race, sources familiar with his plans told the&nbsp;<em>Washington Examiner<\/em>&nbsp;on Friday. He is scheduled to <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/abc.com\/news\/fb8b1493-79f1-4207-bc64-6987188059ad\/category\/154926\">make an appearance<\/a> on <em>Jimmy Kimmel Live!<\/em> on Thursday, leading to speculation that he will announce his run then.<\/p>\n<p>Talk of a possible run follows allegations that Swalwell, a seven-term <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/section\/news\/house\/\">House<\/a> member and one of&nbsp;Trump&rsquo;s most vocal critics, committed <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/3886674\/eric-swalwell-bill-pulte-doj-referral-alleged-mortgage-fraud\/\">mortgage and tax fraud<\/a>. He has denied those claims, calling them baseless and accusing the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/trump-administration\/\">Trump&nbsp;administration<\/a> of targeting him. Swalwell was a manager during Trump&rsquo;s second impeachment trial in 2021. Similar allegations have been leveled against the president&rsquo;s other perceived enemies.&nbsp;<\/p>\n<p>Despite a field of career politicians and wealthy Democrats running, four <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ga-gop-sen-david-perdue-in-runoff-battle-with-democrat-jon-ossoff\/\" title=\"Ga. GOP Sen. David Perdue in runoff battle with Democrat Jon Ossoff\">recent polls put<\/a> the two Republican candidates for the job, former&nbsp;<em>Fox News<\/em>&nbsp;host Steve Hilton and Riverside County Sheriff Chad Bianco, as the leading contenders in the race.&nbsp;<\/p>\n<p><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/justice\/3891312\/redistricting-setbacks-in-court-slow-gop-map-push-ahead-of-2026\/\">REDISTRICTING SETBACKS IN COURT SLOW GOP MAP PUSH AHEAD OF 2026<\/a><\/strong><\/p>\n<p>California&rsquo;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-supporter-leads-california-governor-race-after-porter-missteps\/\" title=\"Trump supporter leads ... race after Porter missteps\">gubernatorial primary isn&#038;rsquo<\/a>;t until June 2, which gives hopefuls eight months to lay out policy agendas and appeal to voter concerns. <\/p>\n<p>The top two winners, regardless of party, will move on to the general election in November.&nbsp;<\/p>\n<\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Democratic megadonor Tom Steyer joins California governor race<\/p>\n","protected":false},"author":2646,"featured_media":2512329,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/11\/steyer-.jpeg?w=696","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[4045,4009,37411,8300,5894],"class_list":["post-2512328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-california","tag-democratic","tag-governor-race","tag-megadonor","tag-politics"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/11\/steyer-.jpeg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2512328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2646"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2512328"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2512328\/revisions"}],"predecessor-version":[{"id":2512332,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2512328\/revisions\/2512332"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2512329"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2512328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2512328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2512328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}