THENATIONALPULSE (Pulse Wires) - Tom Steyer Has Burned Over $500 Million Chasing Political Power And Won Nothing.
Billionaire Democrat Tom Steyer's massive financial investments in political campaigns have yet to yield electoral success, with his bid for California governor appearing set to end in a third-place finish.
Billionaire Democrat Tom Steyer’s massive financial investments in political campaigns have yet to yield electoral success, with his bid for California governor appearing set to end in a third-place finish. PULSE POINTS WHAT HAPPENED: In the California governor’s primary, Xavier Becerra (D) and Republican Steve Hilton (R) are leading the field as of late Wednesday, with Tom Steyer (D) trailing in third place despite massive spending on his campaign. Steyer spent $213 million of his own money on the campaign, but it appears unlikely that he will overtake his competitors, continuing a long streak of expensive and unsuccessful political bids. DETAIL: Steyer eclipsed the 2010 record set by Meg Whitman, the former eBay executive and…Open