Steyer Fundraising Goal Falls $40 Million Short

Tom Steyer / AP

BY:

Tom Steyer pledged to raise $50 million for his personal Super PAC during the 2014 election cycle. He failed miserably, public records show.

Federal Election Commission filings for Steyer’s group, NextGen Climate Action, show that it raised just $10 million from donors other than Steyer.

The billionaire hedge fund tycoon donated $57 million of his own money to the effort.

Despite its sizable war chest, NextGen fared poorly on election day. It won just three of the seven races in which it got involved. In all but one, polls improved for Republican candidates after NextGen began running ads.

Steyer continues to insist that he succeeded in making climate change a "wedge issue" during the midterms despite significant polling data to the contrary and statements from pollsters who say the issue barely registered for midterm voters.

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