Tom Steyer Internet Price: 5 Quick Details You Must Know


Tom Steyer

  • Internet Price: $1.6 billion
  • Birthday: June 27, 1957
tom steyer


Tom Steyer speaks in the course of the 2019 California Democratic Occasion State Conference on June 1, 2019.

Tom Steyer, the billionaire investor who has spearheaded a marketing campaign calling for the impeachment of President Donald Trump, is now launching a unique marketing campaign.

He introduced on July 9, 2019, that he was becoming a member of the first race for the Democratic 2020 presidential nomination. It’s unclear if Steyer will be capable of qualify for the upcoming Democratic debates, based mostly on guidelines set by the Democratic Nationwide Committee.

Steyer’s private wealth might turn into an element if his candidacy beneficial properties traction with voters. His estimated internet value in accordance with Forbes is $1.6 billion.

Right here’s what you could know.

1. Report: Tom Steyer Plans to Spend $100 Million On His Presidential Main Marketing campaign

Tom Steyer is late getting into the sport, however he plans to make use of his private funds to attempt to catch up. A marketing campaign spokesperson advised the New York Instances that Steyer is anticipating to spend a minimum of $100 million on the race. The newspaper identified that $100 million is greater than Joe Biden, Pete Buttigieg, Elizabeth Warren, Bernie Sanders, and Kamala Harris raised within the second quarter of 2019 mixed.

Steyer has been a significant contributor to Democratic candidates and progressive causes. Based on the Heart for Responsive Politics, which tracks cash in politics, Steyer and his spouse, Kat Taylor, have been third on an inventory of the highest particular person donors in 2018.

The Steyers gave greater than $73 million to Democratic candidates and liberals throughout that election cycle. Las Vegas businessman Sheldon Adelson was the most important donor, with greater than $123 million given to Republican campaigns. Former New York Metropolis mayor Mike Bloomberg was within the second spot, giving $95 million predominantly to Democrats.

The Steyers contributed a bigger sum in 2016. They donated greater than $91 million that yr.

2. Tom Steyer Earned His Fortune as a Hedge Fund Supervisor at Farallon Capital, Which He Based in 1986

Tom Steyer earned his M.B.A from the Stanford College College of Enterprise and went into work in finance. His early profession included working as a dealer at Goldman Sachs and in acquisitions ar Morgan Stanley.

On the time of his marriage in August of 1986, Steyer was nonetheless working as a associate with the funding banking Hellman & Friedman in San Fransisco, in accordance with the marriage announcement within the New York Instances.

However throughout that yr, Steyer was additionally engaged on creating his personal enterprise. He based his personal hedge fund, known as Farallon Capital Administration. He remained on the helm till 2012, when he offered his stake within the agency. The agency manages billions of {dollars} value of property.

3. Tom Steyer & His Spouse Have Pledged to Give Away at Least Half of Their Fortune

GettyKat Taylor and Tom Steyer

Tom Steyer and spouse Kat Taylor have been among the many first signers to the Giving Pledge, which was began in 2010 by Warren Buffett and Invoice Gates. They’ve promised to donate a minimum of half of their fortune to charitable causes.

In a 2014 interview with Males’s Journal, Steyer defined that it was necessary to him that he be remembered for extra than simply his wealth. He stated that round age 40, as he turned extra concerned with the Episcopalian Church, he started considering extra about his legacy. “I actually don’t need the spotlight of my life to be my success as an investor.”

Becoming a member of the Giving Pledge was an necessary step in that course of. Steyer’s 2010 letter when he signed the Giving Pledge defined that he and his spouse solely cared about having sufficient cash to supply their youngsters with nice educations and well being care. Every part past that was simply additional.

Steyer wrote, “Admittedly, in our case, ‘to do’ is inextricably wound along with ‘to have.’ Having property has enabled us to prepare tasks which we in any other case couldn’t have and which we hope will depart our group and neighbors—each close to and much—higher off, a minimum of in some small half. If we succeed, we could have left an exquisite legacy for our children, and we are able to’t dismiss ‘having’ assets as an irrelevant facet of that. However our pleasure and delight in life come from working with valued companions, not proudly owning issues or totaling up our internet value.”

4. Tom Steyer Donates to Environmental Causes & to His Alma Maters of Stanford and Yale

Forbes experiences that Tom Steyer and Kat Taylor have “donated tens of tens of millions of {dollars} to alma maters Stanford and Yale for ‘superior power analysis.” It was reported that in 2011 alone, they gave $40 million to Stanford and $25 million to Yale.

Steyer reportedly maintained a minor stake in Farallon Capital Administration when he stepped down as the pinnacle of the agency in 2012. He shifted his investments round to raised mirror his public stances on surroundings safety. The Washington Submit reported in 2014 that Steyer was not investing in fossil fuels.

Steyer additionally launched the environmental advocacy group Subsequent Gen America in 2013. The group promotes local weather change points.

5. Tom Steyer Lives in San Francisco In a Dwelling With Views

Tom Steyer has indicated that he prefers to not reside a very lavish way of life. Within the Males’s Journal interview from 2014 referenced above, the reporter famous that Steyer drove an “outdated hybrid Honda Accord and wears an affordable Ironman watch with a Velcro band.”

Steyer grew up in New York Metropolis however has spent nearly all of his grownup life in San Francisco. The New Yorker reported in 2013 that the Steyers lived within the northwestern neighborhood of Sea Cliff. Their home had a view of the Golden Gate bridge. It’s unclear if the household nonetheless lives there. A search of property information in San Mateo County retains proprietor names personal.