CA-GOV: Steyer's $132 million campaign dwarfs rivals in California governor race

Tom Steyer, the billionaire environmental activist and self-styled progressive candidate for governor, is on track to run the most expensive gubernatorial campaign in state history, having already spent more than $132 million.

He’s saturated the Internet and TV as special interest groups ramp up advertising of their own ahead of the June 2 primary and county officials prepare to mail out ballots.

Campaign finance disclosures filed late Thursday show that through mid-April, Steyer continued to outspend his opponents twenty- to thirty-fold, mostly to blitz the state with television ads that began airing early in the race. Nearly all of the money came from Steyer personally, $105 million of which he poured into the campaign from January through April 18.

He’s already dwarfed the $73 million Gov. Gavin Newsom’s campaign spent fighting the recall election against him in 2021 and surpassed the amount Newsom’s political committee spent last fall to pass Proposition 50, the Democratic gerrymander effort with intense national interest.



https://calmatters.org/politics/2026/04/california-governor-race-financials/