Billionaire activist Tom Steyer will drop out of presidential race after expected third-place finish in South Carolina
, 62, who used his vast personal wealth to fund much of his campaign, had made climate change and campaign finance reform the focus of his candidacy. But that wealth also made him a target, of other candidates and some voters, who likened his run to trying to buy the presidency.
Despite his low polling nationally, Steyer put much of his resources into advertising in the four early voting states of Iowa, New Hampshire, Nevada and. Ad-tracking firm Advertising Analytics says Steyer spent more than $186 million on ads during the race. This deluge of advertising helped him get onto the debate stage even as some of his opponents with more defined political careers, such as Sen. Cory Booker and former Housing and Urban Development Secretary Julian Castro, struggled to make it on the stage.
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