Tech Billionaires Pour Hundreds of Millions into California Races, Including Steyer’s $216 Million Gubernatorial Bid

Tom Steyer has invested $216 million in his campaign for California governor. The expenditure marks one of the largest personal spends in a state race. Other candidates have attracted backing from technology executives. Several tech titans have publicly aligned with a rival of Steyer. Across the ballot, wealthy donors are contributing sizable sums. The influx of cash highlights the role of affluent backers in state contests. Observers note the growing influence of Silicon Valley money on elections. The spending surge may shape campaign strategies and voter outreach.