Philanthropist who spent his fortune to prevent climate change: Who is Tom Steyer?
Steyer, who spends his personal fortune to protect the environment and ensure that Democratic candidates win elections, is known as a highly loved and appreciated donor, especially within the Democratic Party.
Tom Steyer is a successful businessman who spends the majority of his wealth on social causes and was a presidential candidate in 2019.
Tom Steyer was born in New York City. He graduated from Yale University and Stanford University respectively. Steyer, who worked for famous investment banks such as Morgan Stanley and Goldman Sachs, founded his own hedge fund company called Farallon Capitol in 1986. Farallon, who has a $20 billion investment fund, was the manager of Capitol for 26 years. In 2007, Tom Steyer and his wife Kat Taylor established a social development bank to support non-governmental organizations by donating 22.5 million dollars and supported many social development projects through this bank.
Tom Steyer is a businessman who has promised to spend at least half of his fortune, which is approximately $1.6 billion, for social causes and protecting the environment. For this reason, Farallon increased his donations, especially after leaving the position of manager of the Capitol company in 2012.
Thomas Fahr Steyer (born June 27, 1957) is an American climate investor, businessman, hedge fund manager, philanthropist, environmentalist, and liberal activist. Steyer is the co-founder and co-chair of Galvanize Climate Solutions, 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.
In 2013, he founded the civil initiative called NextGen America to combat climate change and increase social awareness on this issue and donated $68 million to many political figures advocating comprehensive climate change policies.
Especially before the elections, he carried out multimillion-dollar campaigns to encourage young people to go to the polls. In 2017, he launched the "Need to Impeach" movement, which aimed to create public pressure for Trump's impeachment, and donated to Democrats who supported the impeachment process. Thanks to this move, Steyer increased public pressure for Trump's impeachment and especially convinced many moderate Democratic politicians to support the impeachment process.
Steyer, who spends his personal fortune to protect the environment and ensure that Democratic candidates win elections, is known as a highly loved and appreciated donor, especially within the Democratic Party.
Tom Steyer won the sympathy of some of the left-wing voters in the debates, especially by approving most of the views advocated by Bernie Sanders, stating that he would not be disturbed by Sanders being the Democratic candidate, and arguing that more taxes should be collected from the rich despite being a billionaire businessman.
Tom Steyer is a businessman who generally defends left-wing policies, but does not define himself with a specific ideology and especially states that he is anti-establishment.
Tom Steyer announced his candidacy for the US presidency on July 9, 2019, with a video in which he emphasized the importance of systematic changes.