Tom Steyer drops out of the 2020 presidential race

steyer drops outBusiness Insider

  • Billionaire former hedge fund manager and liberal activist Tom Steyer dropped out of the 2020 Democratic primary after a disappointing finish in the February 29 South Carolina primary.
  • Despite spending $150 million on ads in early states and $253 million on his campaign in total, Steyer failed to earn any delegates at all or break more than 4% of the vote in Iowa, New Hampshire, or Nevada.
  • Steyer also failed to meet the 15% minimum threshold to earn statewide delegates in South Carolina.
  • Joe Biden emerged victorious from South Carolina
  • Visit Business Insider's homepage for more stories.

Billionaire former hedge fund manager and liberal activist Tom Steyer dropped out of the 2020 Democratic primary after a disappointing finish in the February 29 South Carolina primary. 

Steyer quit the race after coming in third place in South Carolina with about 11% of the vote with 63% of precincts reporting, failing to meet the 15% minimum threshold to earn statewide delegates. 

See the rest of the story at Business Insider

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