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Tom Steyer Ends His 2020 Campaign

Billionaire calls it quits after South Carolina results
By Newser Editors,  Newser Staff
Posted Feb 29, 2020 8:35 PM CST

(Newser) – Third place wasn't good enough: Billionaire Tom Steyer ended his 2020 campaign Saturday night after the results in the South Carolina primary became clear. As the Hill notes, Steyer invested large in South Carolina, but he finished well behind winner Joe Biden and couldn't take second place from Bernie Sanders. With more than 60% of returns in, Steyer had 11.5% of the vote, behind Biden (49.7%) and Sanders (19.3%). Steyer has never held elective office and campaigned instead on his business experience, notes the Washington Post. He spent an estimated $150 million of his fortune on the race, most heavily in South Carolina and Nevada, where he finished fifth. (Read more Tom Steyer 2020 stories.)

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