Real estate veteran Stephen Cloobeck, the former CEO of Diamond Resorts, has exited the California gubernatorial race. The Democrat announced the decision on CNN Monday night seated next to longtime friend Rep. Eric Swalwell, whom he endorsed. Cloobeck, a first-time candidate, raked in a staggering $13.6 million in the race, of which he contributed the majority. “I didn’t intend to get in this race,” Cloobeck said. After interviewing the candidates and deeming none “qualified” for the job, the time-share entrepreneur decided to jump into the race last November. Now with Swalwell entering the fray, Cloobeck decided to drop out and […]
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