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Adviser: Billionaire Steyer won't run for president in 2020

Jan 09, 2019 - Associated Press

DES MOINES, Iowa (AP) - Billionaire investor and Democratic activist Tom Steyer will not run for president in 2020.

Adviser Aleigha (ah-LEE'-ah) Cavalier confirmed the decision Wednesday afternoon, shortly before Steyer was due to speak at an event in Des Moines, Iowa. The New York Times was first to report his plans.

The decision comes as a surprise, given Steyer had been traveling the country promoting the political platform he released after November's midterm elections.