Breaking: Tom Steyer, the billionaire hedge fund investor and climate change activist, is suspending his campaign for the Democratic presidential nomination, according to multiple campaign sources.
Though Steyer made an aggressive play for South Carolina voters, he did not earn a single delegate in Iowa, New Hampshire or Nevada — the first three contests — and polls showed a daunting path ahead in the 14 states that vote on Super Tuesday.
The 62-year-old environmental activist made his fortune as a hedge fund manager and raised awareness of climate change through his NextGen America organization.
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