Can’t Buy A Win: Billionaire Tom Steyer Drops From 2020 Race

Billionaire Tom Steyer has dropped from the 2020 presidential race after failing to win a single delegate across four primary contests.

While Steyer has continued to climb in the rankings—finishing seventh in Iowa, sixth in New Hampshire, fifth in Nevada, and third in South Carolina—he said in an announcement on Saturday evening that he did not see a path forward to victory.

“We were disappointed with where we came out,” Steyer said to a group of his supporters after Joe Biden was declared the winner in South Carolina’s primary, BizPac Review reports.

Biden, who has so-far struggled in the presidential election, scored more than 48 percent of the vote in the state. Bernie Sanders followed with just under 20 percent of the vote and Steyer finished with 11 percent, something he thanked the South Carolina voters for.

“I think we got one or two delegates from congressional districts, which I thank South Carolina for. But I said if I didn’t see a path to winning, that I’d suspend my campaign. And honestly, I can’t see a path where I can win the presidency,” he said at the post-primary event.

“There’s no question today that this campaign, we were disappointed with where we came out,” he added.

The billionaire candidate teased ahead of the contest that his campaign could be nearing an end.

“There is an old saying, when you run a race, which is that you don’t run to the end, you run through the tape. And that is exactly where we are today,” he told his supporters earlier on Saturday.

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“We have come all the way,” he continued. “We can see the end of the race. But you don’t run to the end of the race, you run right through the tape. And that’s what we’re here to do today, to close the deal.”

Reuters reports Steyer’s departure from a once historically-crowded field now has just seven candidates: Biden, Sanders, billionaire Michael Bloomberg, Massachusetts Senator Elizabeth Warren, South Bend Mayor Pete Buttigieg, Minnesota Senator Amy Klobuchar, and Hawaii Congresswoman Tulsi Gabbard.

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