Tom Steyer spent about $1,900 for every vote he got in New Hampshire

Tom Steyer.
(Image credit: TIMOTHY A. CLARY/AFP via Getty Images)

There are a lot of ways to spend $19 million. Buying TV ads in a presidential race you have close to zero chance of winning probably shouldn't be one of them.

Billionaire philanthropist Tom Steyer has dumped tons of his own money into the 2020 Democratic presidential race, coming in second to only former New York City Mayor Michael Bloomberg in terms of spending on TV and Facebook ads. But unlike Bloomberg, Steyer has failed to gain more than an ounce of momentum after all was spent and done — a fact that was glaringly obvious after his sixth place finish in Tuesday's New Hampshire primaries.

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