Billionaire Tom Steyer wasted over $252 million on his failed presidential campaign, according to federal election records.
The campaign finance report filed on January 30, showed Steyer spent $252,841,942 on his campaign, according to Open Secrets.
Millions more were likely spent as Steyer continued to advertise in Nevada and South Carolina before calling it quits on February 29.
“Honestly, I can’t see a path where I can win the presidency,” Steyer said on Saturday night, sharing his decision to end his campaign.
Steyer was a self-funding billionaire candidate, as 98 percent of his campaign money came from his own pocket.
He easily overspent other failed presidential candidates. Sen. Kamala Harris (D-CA) spent over $25 million on her failed presidential campaign and former Congressman Beto O’Rourke (D-TX) spent about $14 million on his attempt to win the presidency. Sen. Cory Booker (D-NJ) wasted over $14 million.
Steyer came in third place in South Carolina with 11.3 percent of the vote and in fifth place in Nevada with 4.7 percent of the vote.
He earned zero delegates.
“This has been a great experience, I have zero regrets,” Steyer said to his supporters on Saturday
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