Activist and investor Tom Steyer announced Wednesday that he is joining the race for California governor.

In a YouTube video announcing his candidacy, Steyer, who founded the investment firm Farallon Capital in 1986 after spending time working at Morgan Stanley and Goldman Sachs in the late 1970s and early 1980s, said "Californians deserve a life they can afford."

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Steyer, 68, began an effort to impeach President Donald Trump in October 2017 with a multi-million dollar television and digital advertising campaign. He has also argued the need for a "real" billionaire to take on Trump.

"We need to get back to basics and that means making corporations pay their fair share again," Steyer said in the video announcing his

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