One billionaire out: Tom Steyer bows out of Democratic presidential race after 3d place end in South Carolina

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Billionaire activist Tom Steyer has given up on his presidential bid after failing to win any delegates in South Carolina, based on projections. Steyer has been accused of shopping for his means into the race, having spent thousands and thousands.

Steyer has dug deep into his personal pocket, spending about $ 20 million of his personal cash in South Carolina alone in hopes to mount a 15 % threshold, permitting him to win delegates within the fourth and remaining early voting contest earlier than Tremendous Tuesday.

Nevertheless, that was to not be, as Steyer is now projected to acquire lower than 12 % of the vote within the major, dominated by former Vice President Joe Biden.

“I can’t see a path the place I can win the presidency,” Steyer mentioned, asserting his determination to put and finish to his marketing campaign.

The information of Steyer, a former hedge fund supervisor from California and avowed environmentalist, dropping out of the race comes as one other billionaire vying for the Democratic nomination, former New York Metropolis mayor Mike Bloomberg, remains to be to check his assist among the many voters.

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Whereas Steyer’s absence from the Democratic candidates’ roster would unlikely upset a lot of Democratic voters (he was polling at about 2 % nationwide), he had his one viral second.

Hours earlier than the South Carolina major, Steyer’s identify made headlines after he was filmed dancing enthusiastically alongside rapper Juvenile singing “Again That Azz Up” throughout his marketing campaign rally in Columbia, South Carolina.

Nevertheless, the stunt, whether or not impromptu or not, apparently didn’t enhance the billionaire’s possibilities, with some arguing that the “painfully embrassing dance” made all of it worse.

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