â€œAs a simple kid born in the little town of Uvalde, Texas, it never occurred to me that I would one day be considered for political leadership,â€ the actor said in a 3-minute video posted on his social media pages.
â€œItâ€™s a humbling and inspiring path to ponder. It is also a path that Iâ€™m choosing not to take at this moment.â€
The â€œDallas Buyerâ€™s Clubâ€ starâ€™s announcement came just weeks ahead of the Dec. 13 deadline to formally join the race.
He said he would instead â€œcontinue to work and invest the bounty I have by supporting entrepreneurs, businesses and foundations that Iâ€™ve believe are leadersâ€ and â€œestablishments that I believe are creating pathways for people to succeed in life.â€
McConaughey revealed earlier this year he was considering a run for governor, though he did not clarify if he would run as a Republican or Democrat. He has criticized the â€œextremes on both sidesâ€ of the aisle and described himself as a centrist.
Recent polling indicated that support for incumbent Gov. Greg Abbott (R) was waning and that he was vulnerable to possible challenges from McConaughey and former Democratic presidential candidate Beto Oâ€™Rourke.