Billionaire makes corporate influence and climate change central themes in campaign
Billionaire activist Tom Steyer speaks to supporters in Des Moines, Iowa, in January. (Steve Pope/Getty Images file photo)
Billionaire Democrat Tom Steyer jumped into the presidential race Tuesday, but he still plans to spend millions through outside groups that influenced 2018 elections for House and Senate and could do so again in 2020.
Steyer said he is resigning from groups he founded and financed, NextGen America and Need to Impeach, but is still committing $50 million to both. That could give him a unique position as a late entrant in a field of two dozen candidates as he tries to build support in states where the organizations he funds are airing ads and organizing activists.