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Billionaire Tom Steyer’s record $195 million campaign spend hasn’t given him a clear lead in the California governor race

Posted on May 27, 2026
By Fortune
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1 min read

Billionaire Tom Steyer’s record $195 million campaign spend hasn’t given him a clear lead in the California governor race

The billionaire Democrat has outspent his nearest rival 20 to 1 in the primary, surpassing Meg Whitman's 2010 record — but polls show no clear leader.