Billionaire liberal donor Tom Steyer has reportedly changed his mind about running for president in 2020.
Who is Tom Steyer?
Steyer is a former hedge fund manager who has given millions to liberal causes, including the Center for American Progress, the Environmental Defense Fund, and former Virginia Gov. Terry McAuliffe’s successful 2012 gubernatorial bid. He gave around $65 million to Democrats who were running for office in 2016.
According to Forbes, Steyer, 62, has an estimated net worth of $1.6 billion.
Recently, he has dedicated roughly $40 million to his “Need to Impeach” effort to oust President Donald Trump. Earlier in the year, he indicated that he would not be running for president specifically because he wanted to focus on this campaign.
What happened now?
According to The Atlantic, Steyer told staffers at Need to Impeach and NextGen America (another group he runs that purports to have conducted “the largest youth vote program in American history” in 2018) that he plans to announce a 2020 campaign bid as soon as Tuesday. However, as The Atlantic noted, Steyer has teased running for political office before, but has yet to actually do so.
The executive director of NextGen America refused to provide a comment to The Atlantic either confirming or denying this report.
In January, Steyer told reporters that he was “not running for president at this time” because he would be “dedicating 100% of my time, effort and resources to one cause, working for Mr. Trump’s impeachment and removal from office.”
While Steyer certainly has the personal resources to launch a campaign, voters don’t seem to know who he is. A poll commissioned by the Daily Beast that was published in June 2018 found that 72 percent of Democrats and 62 percent of Republicans did not know enough about Steyer to have formed an opinion.