Steyer knocks Trump business record in new ad

Democratic presidential candidate Tom SteyerThomas (Tom) Fahr SteyerHarris posts video asking baby if she'll run for president one day Teamsters to host presidential forum with six 2020 Democrats Booker notes 'anger' over more billionaires than black candidates in 2020 race MORE is airing an ad centered around President TrumpDonald John TrumpStates slashed 4,400 environmental agency jobs in past decade: study Biden hammers Trump over video of world leaders mocking him Iran building hidden arsenal of short-range ballistic missiles in Iraq: report MORE's record as "failed" businessman during "Fox & Friends" and "The Sean HannitySean Patrick HannityImpeachment puts spotlight on Georgia Republican eyeing Senate Hannity urges listeners to call Georgia governor over Senate pick bucking Trump Buttigieg campaign adviser defends Biden amid outcry over viral photo of him biting wife's finger 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 MuellerTrump says he'll release financial records before election, knocks Dems' efforts House impeachment hearings: The witch hunt continues Speier says impeachment inquiry shows 'very strong case of bribery' by Trump MORE's testimony during the latest Democratic presidential debates.