Billionaire Tom Steyer raised $2 million in the third quarter of 2019, his campaign announced, a haul that pales in comparison to the more than $30 million the candidate has spent of his own fortune solely on TV and digital ads for his presidential bid.
Steyer had always planned to self-fund his campaign, but the extent to which his personal wealth is propelling his campaign became clear with the fundraising announcement. The $2 million haul lands the businessman-turned-politician at the bottom of all 2020 Democrats who have announced their third quarter fundraising numbers so far. Campaigns are required to submit their fundraising reports to the Federal Election Commission by October 15.
Campaign manager Heather Hargreaves said in a statement on Thursday that Steyer's"late entry into the race meant that we needed to move swiftly to catch up with the other candidates who have been running since last year.
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