WASHINGTON – Billionaire financier and environmental activist Tom Steyer announced his candidacy for president on Tuesday, bringing the total number of Democrats seeking to challenge President Donald Trump to 24.
“If you think that there’s something absolutely critical, try as hard as you can and let the chips fall where they may. And that’s exactly what I’m doing,” Steyer said in a video posted to Twitter.
Steyer, 62, is a hedge-fund manager and a well-known liberal activist. He is the founder of the Need to Impeach super PAC and has spent millions on TV and Facebook ads advocating for the impeachment of the Trump.
The Democratic mega-donor has an estimated net worth of about $1.6 billion, according to Forbes.
Nevertheless, his candidacy is still a considered a long-shot.
Polls show former Vice President Joe Biden with a solid lead over the other candidates.
Steyer’s entry into the race comes just one day after another long-shot candidate, Rep. Eric Swalwell of California, dropped out of the 2020 contest.
It’s true. I’m running for president. pic.twitter.com/u8x2lZah7Z
— Tom Steyer (@TomSteyer) July 9, 2019