Steyer knocks Trump business record in new ad

Democratic presidential candidate Tom SteyerThomas (Tom) Fahr SteyerThe Hill's Campaign Report: Impeachment fight to take center stage at Dem debate CNN LGBTQ town hall interrupted by protesters Democratic 2020 hopefuls tout LGBTQ plans at town hall MORE is airing an ad centered around President TrumpDonald John TrumpWHCA calls on Trump to denounce video depicting him shooting media outlets Video of fake Trump shooting members of media shown at his Miami resort: report Trump hits Fox News's Chris Wallace over Ukraine coverage MORE's record as "failed" businessman during "Fox & Friends" and "The Sean HannitySean Patrick HannityTrump's tirades, taunts and threats are damaging our democracy GOP turns furor on media amid impeachment fight Maddow on going to dinner with rivals Hannity, Cuomo: 'I doubt they eat the same things' 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) Swan MuellerFox News legal analyst says Trump call with Ukraine leader could be 'more serious' than what Mueller 'dragged up' Lewandowski says Mueller report was 'very clear' in proving 'there was no obstruction,' despite having 'never' read it Fox's Cavuto roasts Trump over criticism of network MORE's testimony during the latest Democratic presidential debates.