Tom Steyer - Wikipedia
Thomas Fahr Steyer (born June 27, 1957) is an American billionaire hedge fund manager, philanthropist, environmentalist, progressive activist, and fundraiser.[2] He is notable for being the single largest donor to the Democratic Party, having donated $66.3 million during the 2016 election cycle.[3]
Steyer is the founder and former co-senior managing partner of Farallon Capital and the co-founder of OneCalifornia Bank, which became (through merger) Beneficial State Bank, an Oakland-based community development bank.[2] Farallon Capital manages $20 billion in capital for institutions and high-net-worth individuals. The firm's institutional investors include college endowments and foundations.[2] Since 1986, Steyer has been a partner and member of the Executive Committee at Hellman & Friedman, a San Francisco-based $8 billion private equity firm. In 2010, Steyer and his wife signed The Giving Pledge to donate half of their fortune to charity during their lifetime. In 2012, he sold his stake in and retired from Farallon Capital. Switching his focus to politics and the environment, he launched NextGen America, a non-profit organization that supports progressive positions on climate change, immigration, health care, and education. [4][5]
In October 2017, NextGen America donated grants totaling $2.3-million to eight national immigration law service organizations, including the University of California Immigrant Legal Services Center, the Immigration Law Clinic at UC Davis School of Law, UC Hastings Center for Gender and Refugee Studies, Asian Americans Advancing Justice — Asian Law Caucus, California Rural Legal Assistance Foundation, Center for Community Change, American Immigration Lawyers Association. and the Council on American-Islamic Relations.[6] Steyer served on the Board of Trustees at Stanford University[7] from 2012 to 2017.
Political activity
Steyer is a leading Democratic activist and fundraiser. In 1983, he worked on Walter Mondale's presidential campaign.[32] He raised money for Bill Bradley in 2000 and John Kerry in 2004.[33][34]
An early supporter of Hillary Clinton in 2008, Steyer became one of Barack Obama's most prolific fundraisers. Steyer served as a delegate to the Democratic National Conventions in 2004 and 2008.[35] Steyer has been a member of the Hamilton Project[36] and has been involved with the Democracy Alliance a network of progressive donors whose membership in the group requires them to donate at least $200,000 a year to recommended organizations.[37][38]
After the Obama victory in 2008, Steyer was considered for appointment as Secretary of Treasury. Jim Steyer, Tom's brother, told Men's Journal that Obama and his advisors would regret having chosen someone else, due to his expertise.[8] In January 2013, rumors briefly arose that Steyer might be named as a replacement for Energy Secretary Steven Chu.[39] Asked whether he would accept such an appointment, Steyer said he would.[40]
Steyer has been compared with and contrasted with the Koch brothers, billionaire businessmen who engage in extensive political activity, and has been viewed as a Koch adversary.[41][42][43]
2016
Steyer has raised money for Hillary Clinton,[29] and hosted a fundraiser on her behalf at his San Francisco home.[67][68] Steyer contributed $87,057,853 in funds exclusively to Democratic Party candidates during the 2016 election cycle.[69][70]
What is this guy?
He's a younger version of George Soros.
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