Steyer knocks Trump business record in new ad

Democratic presidential candidate Tom SteyerTom SteyerTV ads favored Biden 2-1 in past month Inslee calls Biden climate plan 'perfect for the moment' OVERNIGHT ENERGY: Trump administration finalizes plan to open up Alaska wildlife refuge to drilling | California finalizes fuel efficiency deal with five automakers, undercutting Trump | Democrats use vulnerable GOP senators to get rare win on environment MORE is airing an ad centered around President TrumpDonald John TrumpSteele Dossier sub-source was subject of FBI counterintelligence probe Pelosi slams Trump executive order on pre-existing conditions: It 'isn't worth the paper it's signed on' Trump 'no longer angry' at Romney because of Supreme Court stance MORE's record as "failed" businessman during "Fox & Friends" and "The Sean HannitySean Patrick HannityFormer Florida attorney general calls Kyle Rittenhouse 'a little boy out there trying to protect his community' Sunday shows preview: Justice Ginsburg dies, sparking partisan battle over vacancy before election Cruz: Trump should nominate a Supreme Court justice next week MORE Show" on Fox News, his campaign said. 

"Unlike other candidates, I can go head to head with Donald Trump on the economy and expose him for what he is — a fraud and a failure," the billionaire businessman says in the ad. 

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The 30-second "Trump is a Fraud" TV ad debuted Tuesday and Wednesday as 20 of the Democratic candidates debated in Detroit. Steyer, who entered the race late, did not meet the threshold to participate.  

Steyer, a billionaire philanthropist, calls Trump "failed as a businessman" in the ad. 

"He borrowed billions and left a trail of bankruptcy and broken promises. He hasn’t changed," Steyer said. "I started a tiny investment business and, over 27 years, grew it successfully to 36 billion dollars."

Campaign spokesperson Heather Hargreaves said that by airing the ad on Fox News, "we are taking the fight directly to Trump."

Trump is known to watch the Fox News shows, often tweeting during its segments.

Before entering the race, Steyer had been an outspoken Trump critic and founded the group Need to Impeach aimed at getting Trump out of office. 

Need to Impeach ran an ad centered around former special counsel Robert MuellerRobert (Bob) MuellerCNN's Toobin warns McCabe is in 'perilous condition' with emboldened Trump CNN anchor rips Trump over Stone while evoking Clinton-Lynch tarmac meeting The Hill's 12:30 Report: New Hampshire fallout MORE's testimony during the latest Democratic presidential debates.