Billionaire businessman Tom Steyer launched his bid for California governor on Nov. 19.

Steyer, who self-funded an unsuccessful 2020 presidential campaign, began his campaign announcement by criticizing the wealthy.

“The richest people in America think that they earned everything themselves,” Steyer said before he cussed and added, “That’s so ridiculous.”

The Democrat said he walked away from the multi-billion-dollar business he built because he wanted to give back to California.

“Californians deserve a life they can afford, but the Californians who make this state run are being run over by the cost of living,” Steyer said.

“We need to get back to basics and that means making corporations pay their fair share again,” he added.

“Californians deserve a Top 10 education state. They deserve to be able to afford to live in a decent house.”

Steyer, who served as California Gov. Gavin Newsom’s top economic adviser on the Business and Jobs Recovery Task Force, promised to build affordable homes and break up the “monopolistic power” of utility companies and lower the price of energy.

The 68-year-old finished his initial campaign video saying that politicians in Sacramento will hate his ideas.

“Bring it on,” he said. “I’m Tom Steyer and I’m running for governor.”

Democrats have controlled both houses of the California legislature since 1997 and the governorship as well since 2012.

Steyer built his wealth by founding the San Francisco-based hedge fund, Farallon Capital, in 1986. He went on to start a nonprofit bank and then NextGen America, a youth voter engagement organization.

During his 2020 presidential bid, he spent over $200 million of his own money but didn’t receive any pledged delegates. He eventually dropped out after finishing in fifth place in Iowa and New Hampshire, and in third place in South Carolina behind the eventual nominee, Joe Biden.

Steyer backed Biden’s reelection in 2024 before Biden exited the race. He then endorsed his fellow Californian, Vice President Kamala Harris.

Steyer joins at least six other Democrats crowding California’s gubernatorial race, including former Rep. Katie Porter, former Health and Human Services Secretary Xavier Becerra, and former Los Angeles Mayor Antonio Villaraigosa.

Gov. Gavin Newsom is term-limited and unable to run for reelection but is openly considering a run for the White House in 2028.

“Yeah, I‘d be lying otherwise. I’d just be lying. And ... I can’t do that,” Newsom responded when he was asked if he considered running for president during an interview on “CBS News Sunday Morning” on Oct. 26.