Being wealthy does not imply that you are intelligent. However, investing in the country’s people, such as education, health care, and job training, results in a prosperous country. It has been proven by a few billionaires. Tom Steyer, who got his money as a hedge fund manager and spent almost two decades at Farallon Capital, is one of them.
Tom Steyer is a major Democratic fundraiser and the co-founder of OneCaliforniaBank. He has spent millions of dollars on a campaign advocating for President Trump’s impeachment. Tom stated in January 2019 that he will not run for president in 2020.
Steyer is married to his undergraduate sweetheart, with whom he has collaborated on a variety of charity projects. We’ll look at his net worth and salary in this section. What is the name of his wife? How did they meet and what happened to their children? Let’s have a look at it.
Quick Facts
| Full Name | Thomas Fahr Steyer |
| Net Worth | $1.6 Billion |
| Date Of Birth | June 27, 1957 |
| Place Of Birth | San Francisco, California, United States |
| Age | 61 years |
| Profession | A former hedge fund manager, Philanthropist, Environmentalist, Liberal activist, and Fundraiser |
| Height | 1.74 m |
| Spouse | Kat Taylor |
| Children | 4 |
How much is Tom Steyer net worth?
From his hedge firm, the San Francisco businessman makes millions. He spent 26 years as the CEO of hedge fund Farallon Capital, which he sold in 2012 to pursue a career in politics. As of 2019, Tom Steyer’s net worth is $1.6 billion.
During the 2016 election campaign, Tom spent $65 million to support Democratic politicians and environmental issues. He is also the founder of the environmental organization NextGen Climate.
In addition, Tome and his wife have contributed millions of dollars to advanced energy research at Stanford and Yale. Steyer has owned an old hybrid Honda Accord as well as high-end jewelry and watches.
Philanthropy
Steyer is a philanthropist that has worked with a number of non-profits. In San Francisco, Tom and his wife Kat formed the TomKat Charitable Trust. According to reports, the trust had a total net asset value of about $153 million in 2008.
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The company’s net worth climbed to $203 million in 2010 after exceeding $186 million the previous year. It had dropped to $156 million in 2012, according to the IRS.
What is Tom Steyer’s background?
Thomas Fahr Steyer was the youngest of three children born to Marnie (née Fahr) and Roy Henry Steyer on June 27, 1957. He was born and raised in the New York City borough of Manhattan. Jin Steyer, Steyer’s brother, is a law professor as well as the founder and CEO of Common Sense Media.
He went to Buckley, a private boys’ school, and then to Manhattan’s Philips Exeter Academy. Tom proceeded to Yale University after high school, where he earned a summa cum laude degree and served as captain of the soccer team. He then went on to Stanford Business School to get his MBA.
Career
Tom Steyer’s first employment after graduating from Yale was as an analyst at Morgan Stanley, where he worked for two years. He worked at Goldman Sachs for two years after earning his MBA from Stanford.
Steyer then relocated to San Francisco in 1989 to work for Hellman & Friedman, a private equity firm. Tom quit his employment the same year to start his own company, Farallon Capital Management, in San Francisco.
Steyer sold his ownership position in Farallon Capital in late 2012, at a time when the hedge fund had grown from $8 million to $30 billion in 25 years, making it one of the world’s largest industries. As a result, according to The New Times, he remained a passive investor in Farallon.
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Steyer is also a member of the Stanford Advisory Council, as well as a member of the Stanford Board of Trustees, which he was named to in 2007.
While Steyer was running Farallon Capitol, the hedge fund invested in private prisons in 2016. Farallon Capital bought roughly $90 million in Corrections Corporation of America stock (5.5 percent of the company’s outstanding shares), according to the SEC.
Political Participation
Steyers worked for former Vice President Walter Mondale’s campaign in 1983 before joining Goldman Sachs. Steyer served as a delegate to the Democratic National Conventions in 2004 and 2008.
He initially backed Hillary Clinton in 2008, but eventually became one of Obama’s top fundraisers. Following the election of former President Barack Obama, Tom served as Secretary of the Treasury, and in 2013, he was considered for the position of Energy Secretary. He voted for Hillary Clinton in the 2016 US presidential election.
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Steyer gave a speech at the Democratic National Convention and held a fundraiser for President Barack Obama at his house in 2012.
Kat Taylor, Kat’s Wife, and Kat’s Kids
Tom Steyer is devoted to Kat Taylor, his wife. Tom and Kat are one of today’s most influential couples. They are the creators of a mind-boggling array of change-making initiatives.
On August 16, 1986, Tom married Kathryn Ann Taylor. In front of family, relatives, and close friends, the couple said “I do” at Stanford University’s Memorial Church. Both a Rabbi and a Presbyterian preacher were present at their wedding. Kat graduated from Harvard College and Stanford University with a J.D./M.B.A.
Samuel Taylor, Charles Augustus, Evelyn Hoover, and Henry Hume are Steyer and Kat’s four children. ‘A ferocious mother, harsh yet caring, with a heart as big as all the outdoors,’ he said of his wife. He currently resides in the Sea Cliff district of San Francisco.
The Internet and Social Media
The billionaire is a frequent user of social media platforms such as Twitter, Facebook, and Instagram. Tom posts images and videos of himself working for various organizations, among other things, on his social media pages.
On Twitter, Steyer has over 233k followers, while on Instagram, he has over 41k followers.
https://twitter.com/TomSteyer/status/1137474885813514241