Tom Steyer is a billionaire from the United States. He worked as a Hedge Fund Manager, managing funds for high-net-worth individuals, and he 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 fortunes to charity during their lifetime. He is best known for his October 2017 Trump Impeachment campaign, which advocated for President Donald Trump’s impeachment.
Quick Facts
| Celebrated Name: | Tom Steyer |
|---|---|
| Real Name/Full Name: | Thomas Fahr Steyer |
| Gender: | Male |
| Age: | 65 years old |
| Birth Date: | 27 June 1957 |
| Birth Place: | New York, New York, United States |
| Nationality: | American |
| Height: | 1.74 m |
| Weight: | 66 kg |
| Sexual Orientation: | Straight |
| Marital Status: | Married |
| Wife/Spouse (Name): | Kat Taylor (m. 1986) |
| Children: | Yes (Samuel Taylor, Henry Hume, Charles Augustus) |
| Profession: | American billionaire, hedge fund manager, philanthropist, environmentalist, liberal activist, and fundraiser |
| Net Worth in 2023: | $2 billion |
Tom Steyer Biography
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, He is 65 years old as of 2023. His height is 1.74 m and he 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 then earned his MBA from Stanford and went to work 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. This was Tom Steyer’s most successful business venture, generating huge profits and eventually becoming the world’s fourth largest hedge fund.
His firm had a reputation for taking high-risk positions on distressed assets and profiting in a volatile market. When he left the company in October 2012, it was valued at $20 billion. He then decided to sell his carbon-polluting investments in order to promote a clean environment. Many, however, criticized him, claiming that he did not dispose of his investments quickly enough.
His investments in coal mining companies aided in the production of more than 70 million tonnes of coal. He put $90 million into Correction Corporation of America stock, which 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 supporter of environmental policies and actively advocated for many anti-climate change issues.
In 2006, he supported the OneRoof initiative in India, which aimed to provide rural students and residents with access to computer technology. In 2007, he and his wife Taylor established Beneficial State Bank to assist individual non-profit organizations, disadvantaged communities, and others with financial needs.
Tom Steyer has received numerous honors and awards for his environmental work as well as his support for charitable and educational initiatives.
- In 2011, he received the Phillip Burton Public Service Award from Consumer Watchdog.
- He received the California League of Conservation Voters 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 Equality California’s 2015 Humanitarian Award for his work with the LGBT community.
- In 2016, he received the Advocate Award from the Environmental Advocates of New York.
- His professional accomplishment was leading Farallon to become the world’s fourth largest hedge fund company.
Tom Steyer’s Net Worth in 2023
Tom Steyer’s net worth is estimated to be $2 billion as of April 2023. His earnings were primarily derived from his work as a Hedge Manager at Farallon Capital, as well as his investment banking and related business ventures. He was against conspicuous consumption and spending. He led a relatively simple life, investing his fortune or donating it to charity.
Tom Steyer steadily rose in his life, using his strong educational background as a postgraduate in Business Administration to become the founder of a Hedge fund company that grew phenomenally under his leadership and was valued at $20 billion when he left it in 2012.
He donated his fortune to philanthropic, 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.
Categories: Biography
Source: HIS Education