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Follow the Money: Who’s Backing California’s Next Governor

Outside groups have spent $79 million so far, while Tom Steyer’s $213 million self-funded campaign sets a record, analysts said.

  • California's gubernatorial race has reached nearly $400 million in total spending, driven by unprecedented contributions from corporations, independent committees, and deep-pocketed donors ahead of the June 2 primary.
  • Billionaire Tom Steyer has personally invested more than $200 million into his campaign, while independent political committees pour millions more into advertisements supporting or opposing various candidates.
  • Outside groups reported spending $79 million so far, more than double the 2018 general election total, with Chevron and Netflix CEO Reed Hastings among major corporate funders backing specific candidates.
  • Independent committees spent nearly $22 million supporting San Jose Mayor Mahan, more than double his own $9 million campaign spending, yet strategists determined at least $45 million was needed to overcome his name recognition disadvantage.
  • Political analyst McBride notes that "money can't change people's minds," observing that grassroots organizing has helped underdog candidates win despite massive spending disadvantages in races across the country.
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11 Articles

The Bakersfield CalifornianThe Bakersfield Californian
+7 Reposted by 7 other sources
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Follow the money: Who’s backing California’s next governor

Campaign donations are both a measure of popular support and a sign of which candidates special interests believe they can influence. CalMatters analyzed campaign finance data in the California governor’s race. Here are five takeaways on where the money is…

·Bakersfield, United States
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Lookout Local Santa Cruz broke the news on Thursday, May 28, 2026.
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