Tom Steyer mounts California gubernatorial bid, joining crowd of candidates jockeying to succeed Newsom

Tom Steyer threw his hat into the ring in California's gubernatorial race, joining the crowd of candidates vying to succeed current Gov. Gavin Newsom.

Tom Steyer speaks with Fox News Digital during his 2020 campaign for the Democratic presidential nomination. (Paul Steinhauser/Fox News)

Steyer, a former hedge fund manager, became a force in national politics last decade. He created NextGenAmerica, a grassroots advocacy organization that helped drive the youth vote in the 2018 elections, helping the Democrats win back the House of Representatives. And he became one of the ringleaders in the Democrats' first push to impeach President Donald Trump — through his "Need to Impeach" movement.

Steyer launched a 2020 presidential campaign and poured roughly $250 million of his own money into his White House bid. But after poor finishes in the early primaries and caucuses, he dropped out of the race.

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California Gov. Gavin Newsom speaks during a rally on Nov. 8, 2025 in Houston, Texas. (Brandon Bell/Getty Images)

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Former President Joe Biden-era Health and Human Services Secretary Xavier Becerra, former U.S. Rep. Katie Porter, former Los Angeles Mayor Antonio Villaraigosa, Riverside County Sheriff Chad Bianco and former Fox News Channel host Steve Hilton are some of the other candidates running for California governor.

Alex Nitzberg is a writer for Fox News Digital.

https://www.foxnews.com/politics/tom-steyer-mounts-california-gubernatorial-bid-joining-crowd-candidates-jockeying-succeed-newsom