Billionaire environmental activist and Democratic megadonor Tom Steyer has officially entered the crowded race for California governor, aiming for the position as he criticizes the wealth gap in the state. Steyer, known for his climate activism, joins a host of candidates vying to succeed the current governor, highlighting his populist stance. As he mounts his campaign, Steyer has expressed his intent to hold corporations accountable and tackle issues affecting Californians, including the influence of wealth in politics. His decision comes after stepping down from his role at a decarbonization investment platform to focus on his gubernatorial bid.