• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'

2

Current price of oil as of June 22, 2026

3

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

1

Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'

2

Current price of oil as of June 22, 2026

3

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
North AmericaElections

$215 million later, Tom Steyer is running third. California’s Governor race is still anyone’s

By
Sophie Austin
Sophie Austin
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Sophie Austin
Sophie Austin
and
The Associated Press
The Associated Press
Down Arrow Button Icon
June 3, 2026, 3:45 PM ET
t
Democratic gubernatorial candidate Tom Steyer speaks during his election night watch party in San Francisco on Tuesday, June 2, 2026.Santiago Mejia/San Francisco Chronicle via AP)
Add Fortune on Google for similar content.

California’s crowded primary for governor remained unresolved early Wednesday after three leading candidates tested voters’ appetites for an experienced politician or promises of sweeping change.

Recommended Video

Though votes were still being counted, Democrats Xavier Becerra and Tom Steyer and Republican Steve Hilton started looking to November, laying out their visions for leading the nation’s most populous state and one of the world’s largest economies.

Only two will advance to the general election, however, and The Associated Press has not yet called the primary for any candidate. The state has a history of substantial vote updates after Election Day that can sometimes shift the outcome of elections as late-arriving mail and drop-off votes are counted. Hilton and Becerra were leading so far, with Steyer running slightly further back.

“Change is coming to California, and it’s long overdue,” Hilton told supporters after polls closed, reflecting his campaign message that the state needs a dramatic reset after more than 15 years of Democratic rule.

Steyer also campaigned on change, though through a vastly different lens. A former hedge fund manager turned climate activist, he pledged to raise taxes on corporations and the ultrawealthy like himself. He declared Tuesday that he would prevail over monied interests that strived to defeat him.

Becerra, meanwhile, pitched himself as the steady hand who can lead the state against intrusions from the Trump administration, touting his decades in public service in Congress, as state attorney general and as federal health secretary. Speaking to supporters, he said voters came around to his message after he initially was counted out.

“The underdog stayed in the fight,” Becerra said to applause.

California puts all candidates on a single primary ballot regardless of party, and the top two finishers advance to the November general election. About 60 candidates were on the ballot, most of them largely unknown to the state’s roughly 23 million voters.

Affordability at the center of campaign

The through line of the race was how to tackle the state’s notoriously high cost of living.

Drivers were paying $6.08 per gallon at the pump as of the end of May, $1.65 higher than the national average, according to AAA. Meanwhile the nonpartisan Legislative Analyst’s Office has estimated that the typical home is about $775,000, more than double the national average. And Californians pay the second-highest residential electricity rates behind Hawaii, according to the U.S. Energy Information Administration.

Steyer blamed the state’s challenges in part on corporations that he said are ripping off Californians. He supports eliminating private health insurance in favor of a government-run system and pledged to break up major utilities and take on fossil fuel companies. Utility Pacific Gas & Electric was among the businesses spending money to defeat him.

“We should have a system based on fairness, not asking for fairness,” Steyer said Tuesday, adding that his campaign “scared the hell out of the corporate interests who are used to getting their own way.”

Hilton said he would make Californians’ first $100,000 free of income tax, increase oil production and freeze in-state tuition at public colleges and to try to make the state more affordable. He also pledged to slash regulations and to “revive” the state’s economic prowess by reversing Democratic policies that make things more expensive.

That message resonated with voters like Republican Rosamaria Cerezo, a 57-year-old substitute teacher voted for Hilton.

“Both my husband and I have two jobs each just to make ends meet,” she said.

Candidates expressed optimism about state’s future

Despite the state’s challenges, the candidates delivered upbeat messages about its potential. They pledged to ensure government works to serve all of its roughly 39 million residents.

“I ran for the job because I know how important California is as a shining light to the world,” Becerra told supporters.

He argued that his years of political experience prepared him to lead, and he highlighted his tenure as attorney general, when he filed more than 120 legal actions during Trump’s first term, as evidence that he can protect Californians’ interests.

Democrat Tamara Alton, a 65-year-old marriage and family therapist, was voting for Becerra because of his experience.

“I’m going to go with him because I want somebody that knows what they’re doing,” Alton said.

Becerra also referenced his background as the son of two Mexican immigrants. In a state where nearly a third of voters identify as Hispanic or Latino, he would be the first Latino governor in more than a century.

California, he said, “regularly makes the improbable seem inevitable.”

Steyer vastly outspent rivals

Steyer ran the most expensive primary campaign in the country, dumping more than $215 million of his own money into it including a massive amount on advertising. That’s likely just a preview of what he would spend should he advance to the general election.

His spending prompted some of his rivals to accuse him of trying to buy the election.

But some Democratic voters said they chose Steyer despite uneasiness with his wealth because of his focus on tackling climate change.

Jude Mayer, 24, said she was not thrilled about voting for a billionaire but Steyer “is talking about the environment in the way that I want to hear about it.”

___

Associated Press writer Amy Taxin in Orange, California, contributed.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Authors
By Sophie Austin
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in North America

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in North America

dr
HealthCancer
The U.S. cut cancer deaths by 34% since 1991—but not in 458 rural counties
By Arthur Cosby and The ConversationJune 23, 2026
1 hour ago
college
SuccessEducation
47% of Harvard seniors admit to cheating — and the problem existed long before ChatGPT
By Austin Sarat and The ConversationJune 23, 2026
1 hour ago
data
EnergyData centers
AI’s power hunger is turning electric utilities into Wall Street growth stocks — and customers may pay the price
By Conor Harrison and The ConversationJune 23, 2026
2 hours ago
k
PoliticsElections
Coming to an election near you: prediction markets
By Matt Motta, Robert Ralston and The ConversationJune 23, 2026
2 hours ago
Young woman shopper in store
SuccessPersonal Finance
Bed Bath & Beyond will splash out $100,00 on a home renovation for the thriftiest couponer of 2026
By Emma BurleighJune 23, 2026
4 hours ago
Matt Freese stopping a soccer ball entering the goal
SuccessCareers
Team USA’s goalkeeper passed on Manchester United, the club that helped shape David Beckham’s career, for Harvard—and has zero regrets
By Preston ForeJune 23, 2026
4 hours ago

Most Popular

Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
Success
Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
By Sydney LakeJune 21, 2026
2 days ago
Current price of oil as of June 22, 2026
Personal Finance
Current price of oil as of June 22, 2026
By Joseph HostetlerJune 22, 2026
1 day ago
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
Banking
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
By Jim EdwardsJune 23, 2026
9 hours ago
Current price of silver as of Monday, June 22, 2026
Personal Finance
Current price of silver as of Monday, June 22, 2026
By Joseph HostetlerJune 22, 2026
1 day ago
The Fed is fed up with inflation and will bring down the hammer with a series of rate hikes this year, reversing earlier cuts, BofA says
Economy
The Fed is fed up with inflation and will bring down the hammer with a series of rate hikes this year, reversing earlier cuts, BofA says
By Jason MaJune 22, 2026
1 day ago
By 7 a.m., Bank of America’s CEO has already read 5 newspapers, his email inbox, and hit the gym—he says if you’re late to meetings, you’re ‘selfish’
Success
By 7 a.m., Bank of America’s CEO has already read 5 newspapers, his email inbox, and hit the gym—he says if you’re late to meetings, you’re ‘selfish’
By Preston ForeJune 22, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.