Billionaire Climate Activist Launches Governor Bid Complaining About ‘Richest People In America’

Unsuccessful 2020 presidential candidate, Democrat mega donor and climate activist Tom Steyer joined California’s 2026 gubernatorial race on Wednesday.

Steyer centered his campaign launch around affordability, promising to lower housing prices and electricity rates for Californians as governor. The billionaire and liberal activistco-founded green investing firm Galvanize Climate Solutions, which champions “energy transition.”

“The richest people in America think that they earned everything themselves. That’s bull****, man,” Steyer said in his campaign video. “I’m Tom Steyer. I wanted to build a business here. Now, it’s worth billions of dollars. And I walked away from it because I wanted to give back to California.”

Current Democratic California Gov. Gavin Newsom is term-limited and thus cannot run for reelection in 2026. Steyer has a lot of competition, which includes former Democratic California Rep. Katie Porter