Billionaire Tom Steyer's ad spending is shattering records in the California race for governor

Tom Steyer, a billionaire Democrat and former hedge fund manager turned liberal activist, is pursuing California governor with an advertising campaign costing more than $195 million, with spending still increasing. His ad total has drawn criticism that he is trying to buy the governor’s chair. The spending level is more than 20 times the amount spent by his nearest rival, fellow Democrat Xavier Becerra. Nationally, no other candidate is close in advertising totals. In other governor races, Rick Jackson has spent about $83 million, Burt Jones has spent nearly $31 million, and Raja Krishnamoorthi spent over $28 million. Katie Porter criticized Steyer for using personal wealth to keep ads in front of voters, while Steyer’s spending surpasses the 2010 record set by Meg Whitman.

"Steyer - a former hedge fund manager turned liberal activist - has spent or booked more than $195 million in ads for broadcast TV, cable and radio with the tally still growing, according to data compiled by advertising tracker AdImpact. His torrent of ads have opened the one-time presidential candidate to criticism that he is trying to buy the governor's chair, and his ad total represents more than 20 times the amount spent by his nearest rival, fellow Democrat Xavier Becerra, as the two duel for a spot in the November election."

"Nationally, no one is close. In Georgia, Republican health care executive Rick Jackson has spent about $83 million on advertising in his primary race for governor, which is headed for a June runoff, ranking him second. The third place spot is held by his Republican rival, Lt. Gov. Burt Jones, who has President Donald Trump's endorsement and has spent nearly $31 million on ads, according to AdImpact. Following Jones was Democratic U.S. Rep. Raja Krishnamoorthi of Illinois, who spent over $28 million on advertising in a failed bid for U.S. Senate."

"Trying to 'buy the governor's office?' Katie Porter, a former U.S. House member who is among seven established Democrats in the California race, has repeatedly criticized Steyer for dipping into his personal fortune to keep ads in front of voters with scant competition from rivals. "She isn't spending hundreds of millions of dollars of personal wealth trying to buy the governor's office," her campaign wrote in an email to supporters."

"In raw numbers, Steyer ad blitz has eclipsed the 2010 record set by Republican Meg Whitman, who spent $178.5 million in total on a losing bid for governor, much of it her own money. At the time, it was the costliest campaign for statewide office in"

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