Sanders ‘Not a Big Fan’ of Steyer Entering 2020 Race

Tom Steyer speaks during the California Democrats 2019 State Convention at the Moscone Center

Steyer amassed a fortune estimated by Forbes magazine at $1.6 billion after founding investment firm Farallon Capital Management in the mid-1980s and serving as a partner at San Francisco private equity firm Hellman & Friedman.

His announcement comes nearly six months after he traveled to Iowa to declare that he would focus exclusively on impeachment efforts against Trump, instead of launching a White House run.

Christy Setzer, a spokeswoman for Act Now On Climate, said the super PAC never received any donations from Steyer. Kamala Harris D-Calif., who is worth between $581,010 and $1.8 million, per GoBankingRates.

Another rival, Sen. Kirsten Gillibrand of NY, when asked about Steyer's entry into the race by reporters during a campaign stop in New Hampshire, merely said "God Bless him" before adding: "I know why I'm running".

"I am running to end corruption of our democracy by corporations and give more power to the American people", the caption of the video read.

Steyer has already vowed to spend $100 million of his own money on the election, but has to show support under the new party rules, implemented after the controversial 2016 primaries.

Steyer's entrance into the race could shake up the primary field. Five years ago he created NextGenAmerica, a grassroots advocacy organization that helped drive the youth vote in 2018, helping the Democrats win back the House of Representatives. But in January, he announced that he wouldn't run for president, deciding to instead pour money into helping Democrats in 2020.

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An environmentalist and advocate for the movement to impeach Mr Trump, he has donated millions to liberal causes.

Steyer has previously said he disagreed tactically with Democratic leaders' approach to dealing with President Trump.

The 66-year-old from California made no mention of impeachment in his campaign announcement. He told the AP that he does not expect to qualify for the second Democratic presidential debates, which will be held July 30-31 in Detroit.

In a video released Tuesday morning, Steyer said, "if you think that there's something absolutely critical, try as hard as you can and let the chips fall where they may".

Steyer has been a force in Democratic fundraising over the past decade.

"After a false start, left-wing extremist Tom Steyer has finally formalized his self-promotion tour under the guise of a presidential campaign. His presence in the race will just pull the whole group even further to the left".

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