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Tom Steyer Donates $12M to Back Calif. Ballot Initiative. Will He Run for Governor?

Steyer leads with $12 million, surpassing George Soros, to support Proposition 50 aiming to add five Democratic seats in California’s congressional delegation.

  • On Thursday, Tom Steyer announced he will spend $12 million to support Proposition 50 in California's redistricting effort.
  • Governor Gavin Newsom proposed Proposition 50, and the California Legislature called a November 4 election to decide redrawn maps that could add five seats.
  • The advertisement is scheduled to start airing Thursday night during Jimmy Kimmel Live!, depicting Donald Trump throwing fast food and linking Proposition 50's success to possible investigations and Jeffrey Epstein records.
  • The donation makes Steyer the largest pro-Proposition 50 backer, surpassing billionaire financier George Soros's $10,000,000 contribution, while supporters have vastly outraised opponents including $32,000,000 donor Charles Munger Jr.
  • The House's narrow margin means California's congressional delegation shifts could decide control of the U.S. House of Representatives, while Republican redistricting efforts nationwide highlight a broader battle over maps.
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Tom Steyer enters California redistricting fight with a $12 million

Liberal billionaire Tom Steyer announced Thursday that he would spend $12 million backing California Democrats’ redistricting push this fall, becoming the latest megadonor to enter the high-stakes contest.

·Atlanta, United States
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Political Wire broke the news in New York, United States on Thursday, October 9, 2025.
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