Billionaire Tom Steyer's ad spending breaks records in California governor's race
Billionaire Tom Steyer is making history with his record-breaking ad spending in the California governor's race. He has spent over $195 million on advertising, significantly outpacing his nearest rival, Xavier Becerra. Despite the financial advantage, Steyer remains in a competitive field as the primary election approaches.
- ▪Tom Steyer has spent more than $195 million on ads for his gubernatorial campaign in California.
- ▪His spending is over 20 times that of his closest competitor, Xavier Becerra.
- ▪Steyer's ad spending has surpassed the previous record set by Meg Whitman in 2010.
- ▪Critics have accused Steyer of trying to buy the governor's office with his personal wealth.
- ▪The primary election is set for June 2, with mail voting already underway.
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ABC NewsLiveVideoShowsGood Morning AmericaShopGMAInterest Successfully AddedWe'll notify you here with news aboutTurn on desktop notifications for breaking stories about interest? OffOnStream onBillionaire Tom Steyer's ad spending breaks records in California governor's raceWin or lose, billionaire Democrat Tom Steyer will leave a mark in the history books in his bid to become California’s next governorByMICHAEL R. BLOOD AP political writerMay 27, 2026, 12:06 AM1:23Tom Steyer speaks during a California gubernatorial debate hosted by CBS Bay Area and the San Francisco Examiner in San Francisco, Thursday, May 14, 2026. (AP Photo/Godofredo A.
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