Billionaire Tom Steyer ends California governor campaign after falling short in Jungle Primary
Tom Steyer concedes California governor's race, saying he lacks votes to advance to November's general election despite spending over $200 million.
TL;DR
- Tom Steyer has conceded the California governor's race.
- He will not advance to the general election in November.
- Steyer spent over $200 million of his own fortune on his campaign.
- He cited corporate spending, including from Chevron, PG&E, and Meta, as a major factor in his defeat.
- Steyer advocated for a progressive platform including abolishing ICE, taxing the wealthy, and universal healthcare.
- The general election will be between Steve Hilton and Xavier Becerra.
- California uses a 'jungle primary' system where the top two finishers advance.