Billionaire Tom Steyer to Enter 2020 Presidential Race Steyer never officially ruled it out and has announced his candidacy in a campaign video. Tom Steyer, via campaign video The noted environmentalist is one of the Democratic party's
most recognizable donors. In last year's Midterm elections, he donated over $100 million to help the party
take back Congress. Recently, he has also released a series of
self-funded ads calling on Democrats to
impeach President Trump. According to 'The New York Times,' the
hedge fund manager is planning to drop
over $100 million on his campaign. His entry into the race also comes as California Rep. Eric Swalwell became the first candidate
to drop out.