Thomas Fahr Steyer known as Tom Steyer is an American hedge fund manager, philanthropist, environmentalist, liberal activist and fundraiser. He is also a candidate for the 2020 Democratic Party presidential primaries and founder and former co-director of Farallon Capital and co-founder of Onecalifornia Bank, which (through merger) became the Beneficial State Bank Community Development Bank, based in Oakland. From 2007 to 2017 he was also a member of the board of trustees of Stanford University. As of January 2020, his net worth was $ 1.6 billion.
Tom Steyer is on the rise in South Carolina and Nevada
Tom Steyer's surprise win in recent polls in South Carolina and Nevada gives new impetus to the debate in the Democratic Party over whether billionaire candidates can use lavish spending to improve their profile and gain a foothold in the debate. Steyer, who has never held a political position and is in the low single digits nationally, surprised many analysts when he recently finished second in a survey in South Carolina and rose significantly in Nevada. This follows months of air wave saturation in two states that have received less attention from most other candidates. His ability to turn his personal fortune into a place on stage while long-term elected officials like Sen. Cory Booker (DN.J.) failed to qualify is a cause of growing friction on the party, especially in times of uneven incomes is a hot topic among Democrats.
- Candidate for the 2020 Democratic Party presidential primaries.
- Founder and former co-director of Farallon Capital and co-founder of Onecalifornia Bank.
Who are Tom Steyer's parents and siblings?
Tom Steyer was born on June 27, 1957 in Manhattan, New York as Thomas Fahr Steyer. He is one of the three sons of Marnie (née Fahr) and Roy Henry Steyer. His father was a lawyer who partnered with the New York-based law firm Sullivan & Cromwell, and his mother was an educator who once taught legal remedies at the Brooklyn House of Detention. His two brothers are James "Jim" Pearson Steyer, civil rights activist, advocate, educator and author, and Hume Steyer, partner at Seward & Kissel LLP. He started his student life at Buckley School in New York City and enrolled at Phillips Exeter Academy, a co-educational boarding school in Exeter, New Hampshire. He started studying at Yale University in 1975 and studied economics and political science. He then enrolled at Stanford Business School, where he earned his Master of Business Administration (MBA). From 2019, he celebrated his 62nd birthday with his friends. He is of American nationality and his ethnicity is white. He is Christian by religion.
What was Tom Steyer's career like?
Source: @ washingtonpost.com
- Tom started working at Morgan Stanley in 1979, when he first worked in banking until 1981.
- He then attended Stanford University for his MBA.
- After graduation, he subsequently found employment as an associate in Goldman Sachs' risk arbitrage department.
- He was there from 1983 to 1985 and was mainly involved in mergers and acquisitions.
- He then left Goldman Sachs after receiving the offer to join the Executive Committee of San Francisco-based private equity firm Hellman & Friedman. He left Hellman & Friedman in 1986.
- He founded Farallon Capital Management and headquartered in San Francisco. In 2011, the market value was measured at $ 21 billion.
- To serve its customers on the east coast, the company opened an office in New York and expanded its business beyond the US border. It has offices in Singapore, Hong Kong, Tokyo and London.
- A few years after his retirement, he is known in the industry for his unconventional attitude to his profession.
- Together with his wife, he founded OneCalifornia Bank and OneCalifornia Foundation in 2007 with $ 22.5 million in capital that "triple profits", promotes environmental sustainability and increases economic opportunities in underserved communities. Neither Steyer nor his wife take part of the profit.
- In August 2010, the bank merged after buying ShoreBank Pacific, a Washington-based community bank.
- He then resigned from Farallon Capital to become a passionate champion of clean energy in 2012.
- They estimate that the facilities for which he provided the funds would last until 2030.
- When it came to his political career, he first got involved in politics in 1983 when he supported Walter Mondale's presidential campaign.
- He supported Hillary Clinton, but later emerged as one of Barack Obama's largest fundraisers in the 2008 Democratic Party presidential primaries.
- He had been considered as a potential finance minister and in 2013 as a potential energy minister after Obama's victory.
- He worked with former Secretary of State and Republican George Shultz as co-chair of Campaign No. 23.
- He gave a speech at the Democratic National Convention in 2012.
- He supported Hillary Clinton in the 2016 US presidential election.
- He invested around $ 10 million in a campaign to indict current U.S. President Donald Trump in 2017.
- His 2020 presidential campaign began on July 9, 2019, when he said in an online campaign video posted on Twitter that he would participate in the Democratic primary.
- In a speech in Iowa in January 2019, he said that "he was not yet running as president at the time."
- He has committed to spend $ 100 million on the race.
- With $ 1.4 million, he made the largest advertising purchase in the democratic primary school to date (as of mid-July 2019).
- He announced that his campaign had reached 130,000 individual donors, one of two prerequisites for participating in the September democracy debate on August 13, 2019.
- He missed the democratic debate in September on September 8, 2019.
- On October 6, 2019, Steyer reached the survey and donor threshold required to qualify for the November debate.
- He reached the threshold for the December debates by interviewing over 4% in four different national surveys on November 18, 2019.
- On Thursday, January 9, 2020, he qualified at the very last moment for the debates of the Democratic presidential candidate on January 14, 2020.
Who is Tom Steyer's wife?
Source: @ worth.com
He is married in relation to Tom Steyer's marital status. He had been married to his wife Kathryn "Kat" Ann Taylor since August 1986. As a Harvard graduate, she received her J.D./M.B.A from Stanford. The wedding was officiated by Pastor Richard Thayer, a Presbyterian minister, and Rabbi Charles Familia. They have four children together, three sons, Samuel Taylor ("Sam"), Charles Augustus ("Gus") and Henry Hume ("Henry"), and a daughter, Evelyn Hoover ("Evi") Duo lives a happy life without Disorders, they enjoy their lives very much and their sexual orientation is clear.
Source: @ vogue.com
What is Tom Steyer's fortune?
The assets of the famous philanthropist and a fundraiser are believed to be $ 1.6 million in January 2020. His main source of income is his political career. His salary has not yet been determined, but will be added soon as soon as we receive information about it. Overall, he is happy with his result. He lives a luxurious lifestyle from his earnings.
How tall is Tom Steyer?
At 62, Tom Steyer looks very young. He looks very good at this age. He has a perfect height of 1.74 m and a balanced body weight of 66 kg. His other body measurements have not been disclosed by any source, but will be added as soon as we receive information about them. Overall, he has a healthy body with a charming face.