Steyer Loses $16 Million Bet

$16 million

“Tom Steyer just lost a $16 million bet,” Politico reports. “The Democratic hedge fund billionaire leapt into the presidential campaign late with a clear plan: use his mega-wealth to buy his way into the televised party debates, and then use that platform, and his unelected outsider persona, to challenge the front-runners. Steyer spent millions of dollars on TV ads to boost his poll numbers in early caucus and primary states and on digital ads to meet the donor requirements set by the Democratic National Committee.”


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