Bernie Sanders’ Anti-Billionaire Coalition Backs Billionaire for California Governor
Our Revolution announced it will endorse Tom Steyer in California’s crowded Democratic primary for governor. The progressive group said the move reflects both values alignment and a calculation about electability.
Endorsement and organizational stance
Our Revolution is a grassroots group tied to Bernie Sanders. The organization built its reputation on reducing corporate and billionaire influence in politics.
The decision marks its first endorsement of a billionaire. Leaders argued Steyer can advance core progressive goals while building winning momentum.
Money and campaign finance
Steyer has poured large sums of personal wealth into the race. Reports show roughly $120 million spent so far.
State filings list $161,485.47 raised from individual donors. That amount represents under 1 percent of his reported campaign funds.
Policy alignment and justification
Our Revolution cited shared priorities when explaining its support. These include proposals such as single-payer healthcare and taxing extreme wealth.
The group also emphasized curbing corporate power. Local organizers said they see strong grassroots energy behind Steyer.
Background on Tom Steyer
Steyer built his fortune running a hedge fund that reached about $20 billion in assets. His firm invested in coal and in a private prison company that managed immigration detention centers.
He left the hedge fund in 2012. Since then, he has focused on climate and clean energy work and backed at least three successful California ballot measures.
Steyer also ran for president in 2020 but did not win the nomination.
Reactions and political stakes
The endorsement prompted debate given the group’s anti-establishment roots. Sanders has called Steyer a friend but said he dislikes billionaire involvement in politics.
Our Revolution framed the move as strategic. Officials warned that consolidating support behind a candidate with momentum could be important in a race vulnerable to Republican gains.
- Endorser: Our Revolution (linked to Bernie Sanders)
- Endorsed candidate: Tom Steyer
- Reported personal spending: about $120 million
- Individual donations: $161,485.47 (under 1% of funds)
- Hedge fund peak assets: roughly $20 billion
- Notable past: 2020 presidential run; climate and ballot measure activism
The turn surprised some observers because it highlights tensions inside Bernie Sanders’ anti-billionaire coalition. The group’s choice shows it now backs a billionaire who presents progressive policies and perceived electability.
Filmogaz.com contacted campaign and group representatives for comment. Both have discussed the endorsement publicly in recent statements and events.
