San Francisco billionaire Tom Steyer has unveiled a platform and a six-figure ad buy in what looks like the beginnings of a 2020 presidential bid. Steyer spent $120 million in organizing in the midterm elections, and collected millions of signatures on a petition site calling on President Trump to be impeached.
Steyer has not fully committed to taking on Trump in 2020 but has been rumored to be considering launching a presidential run. His moves this week signal a new level of seriousness.
On Tuesday, Steyer launched a six-figure digital ad buy on Twitter, Facebook, YouTube and Instagram, along with a sponsored full-page ad in USA Today, and Gannett newspapers across the country. The ads are focused on the “5 Rights” platform.
A spokesperson for Steyer also confirmed that the former hedge-fund manager will host a series of town hall-style conversations with local leaders and Americans to discuss the platform. The first town hall will take place next month in Charleston, S.C., where he will discuss the right to an equal vote.
Steyer has been fully engaged in politics, investing $120 million in grassroots organizing during the midterm election season to elect progressive candidates across the country.
But at least three dozen Democrats have floated possible bids to take on Trump in 2020—more than double the crowded field of 17 Republican candidates who fought in 2016 for the chance to succeed then-President Barack Obama. Several of them have begun making clear campaign moves, while others have simply said they are contemplating a run.