|Profession||Management firm founder|
|Net Worth||$1.2 billion|
|High School||Phillips Exeter Academy|
Steyer and his wife Kathryn Taylor have four children. They have pledged to donate half their fortune to charity. They own homes in San Francisco and Lake Tahoe, as well as a 2,000-acre ranch in the coastal town of Pescadero.
In early October 2012, Steyer and other mega-donors were profiled in the Wall Street Journal. Steyer told that newspaper's reporter that until the reporter informed him of this fact, he had had "no idea" that he was #1 on the list of Bay Area political contributors. He also said, "The only times I've gone to a ballot measure was when I felt the system wasn't functioning."
- Steyer has so far given $200,000 to support the Insurance Companies Required to Justify Their Rates to the Public Initiative/
- Steyer is the main financial backer behind Proposition 39. He views Proposition 39 as closing a loophole. Proposition 39 will require multistate businesses to calculate their California income tax liability based on the percentage of their sales in California. He says, "We have a loophole. It is worth over $1 billion a year. We should close the loophole, and that is what we are doing."
In 2010, Steyer contributed over $5 million to the campaign for a "no" vote on California Proposition 23 and $1 million to the campaign to defeat Proposition 26. According to MapLight, Steyer together with his wife, Kathryn Taylor, were the 3rd largest donors to the ballot proposition campaigns for the November 2, 2010 ballot.
In 2004, Steyer was among the country's top five donors to the presidential campaign of Democratic candidate John Kerry. He was a delegate to the 2004 Democratic Party presidential nominating convention. In 2008, he preferred Hillary Clinton to Barack Obama, but once Obama secured the Democratic Party's nomination, Steyer donated and fundraised for the Obama campaign.
Steyer grew up on the Upper East Side of Manhattan. He attended the Buckley School, Phillips Exeter Academy and Yale, eventually going on to earn an MBA from Stanford.
- ↑ CNN, "California's hedge fund king", September 17, 2008
- ↑ Forbes, "The World's Billionaires: #962 Thomas Steyer", March 5, 2008
- ↑ 3.0 3.1 3.2 3.3 Forbes, "Tom Steyer: Hedge Fund Billionaire's Foray Into Politics", September 21, 2011
- ↑ MSNBC, "40 billionaires pledge to give away half of wealth", August 5, 2010
- ↑ 5.0 5.1 Wall Street Journal, "New Players Amp Up Political Giving", October 3, 2012
- ↑ 6.0 6.1 Los Angeles Times, "Insurance rate-hike initiative gains high-profile backers", May 1, 2012
- ↑ MapLight, "$147 Million Spent on California's Nov. Ballot Measures", November 5, 2010