Tom Steyer is a billionaire from the United States. He has worked as a Hedge Fund Manager, managing funds for high net worth individuals and he has also ventured into related business ventures such as investment banking. He is a generous philanthropist who actively promotes many environmental and social causes.
Tom Steyer and his wife signed the Gates-Buffets Giving Pledge in 2010, pledging to donate half of their fortune to charity over the course of their lives. He is best known for his October 2017 Impeachment campaign, which supported the impeachment of President Donald Trump.
Quick Info
| Famous name: | Tom Steyer |
|---|---|
| Real name/Full name: | Thomas Fahr Steyer |
| Sex: | male |
| Year old: | 65 years old |
| Date of birth: | June 27, 1957 |
| Place of birth: | New York, New York, USA |
| Nationality: | American |
| Height: | 1.74 m |
| Weight: | 66kg |
| Sexual orientation: | Straight |
| Marital status: | Married |
| Spouse (Name): | Kat Taylor (d. 1986) |
| Children: | Yes (Samuel Taylor, Henry Hume, Charles Augustus) |
| Job: | American billionaire, hedge fund manager, philanthropist, environmentalist, liberal activist and fundraiser |
| Net worth in 2023: | 2 billion USD |
Biography of Tom Steyer
Tom Steyer was born in New York City on June 27, 1957, to Marnie, a teacher, and his father, Roy Henry Steyer, a partner in a law firm. He attended Buckley School as well as Phillips Exeter Academy. Yale University awarded him a bachelor’s degree in Economics and Political Science. He graduated from Stanford Business School with an MBA.
Tom Steyer Age, Height, Weight
Tom Steyer was born on June 27, 1957, as of 2023, he is 65 years old. He is 1.74 m tall and weighs 66 kg.
Tom Steyer
Career
Tom Steyer began his professional career in 1979 when he joined Morgan Stanley as an analyst for two years. He later earned an MBA at Stanford and worked for Goldman Sachs, where he specialized in risk arbitrage.
He joined Hellman and Friedman, a private equity firm, in 1986. Farallon Capital Management, based in San Francisco, California, grew out of this venture. It was Tom Steyer’s most successful business venture, generating huge profits and eventually becoming the world’s fourth largest hedge fund.
His firm is known for taking high-risk positions on struggling assets and profiting in a volatile market. When he left the company in October 2012, it was valued at $20 billion. Then he decided to sell his carbon pollution investments to promote a clean environment. However, many have criticized him, arguing that he did not liquidate his investments fast enough.
His investments in coal mining companies have supported the production of more than 70 million tons of coal. He invested $90 million in shares of Correction Corporation of America, the company that manages private prisons in the United States. UnFarallon, a student activist group, targeted him for his company’s anti-environmental policies.
However, after Farallon, he became a strong advocate for environmental policies and actively campaigned for many issues against climate change.
In 2006, he supported the OneRoof initiative in India, which aims to provide students and rural residents with access to computer technology. In 2007, he and his wife Taylor founded the Beneficial State Bank to support individual nonprofits, disadvantaged communities, and others with financial need.
Tom Steyer has received numerous honors and awards for his environmental work as well as support for charitable and educational initiatives.
- In 2011, he received the Phillip Burton Public Service Award from the Consumer Watchdog.
- He received the California Conservation Union’s Environmental Leadership Award in 2012.
- In 2013, he received the Environmental Law Institute’s Environmental Achievement Award.
- He received the Open Space Institute’s Land Conservation Award in 2015.
- In 2015, he received the 2015 California Equality Humanitarian Award for his work with the LGBT community.
- In 2016, he received the Advocate Award from New York’s Environmental Advocates.
- His career track record has made Farallon the world’s fourth largest hedge fund company.
Tom Steyer’s Net Worth in 2023
Tom Steyer’s net worth is estimated at $2 billion as of April 2023. His income mainly comes from his work as the Head of Hedging at Farallon Capital, as well as his investment banking and related business ventures. He is against consumption and explicit spending. He lives a relatively simple life, investing his fortune or donating to charity.
Tom Steyer has risen step by step in his life, using his solid education as a graduate student in Business Administration to become the founder of a growing Hedge fund company. phenomenal growth under his leadership and was valued at $20 billion when he left the company in 2012.
He has donated his fortune to charitable, environmental and social causes. In 2010, he and his wife were the first to sign The Giving Pledge, pledging to donate half of their fortune to charity.
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