How Tom Steyer's spending spree could reshape the South Carolina primary

Tom Steyer, a former hedge-fund manager with an estimated net worth of $1.6 billion, already has spent more than $18.7M on advertising to target South Carolina voters, swamping all of his rivals, according to Kantar Media's Campaign Media Analysis Group

Washington A few months ago, South Carolina political activist Johnnie Cordero took the stage at a historically black college in Rock Hill for a presidential town hall and delivered impassioned remarks about a subject that long has troubled him: the killing of young black men at the hands of law enforcement officials.

When he glanced over at the Democratic candidate on the stage with him, he was surprised by what he saw: tears gathering in the eyes of Tom Steyer, a billionaire who is staking his presidential bid on a strong showing among African Americans in South Carolina.

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