Steyer is the billionaire founder of Farallon Capital, one of the world's largest hedge funds. He sold his stake in the company in 2012 and started focusing full-time on politics and environmental issues. He's also a signatory of "The Giving Pledge", committing himself to give away at least 50% of his wealth to charitable causes. Steyer is a candidate in the 2020 Democratic Party presidential primaries.
Steyer is the founder and former co-senior-managing-partner of Farallon Capital and the co-founder of Onecalifornia Bank, which became (through mergers) Beneficial State Bank, an Oakland–based community development bank. Farallon Capital manages $20 billion in capital for institutions and high-net-worth individuals. The firm's institutional investors include college endowments and foundations. Since 1986, Steyer has been a partner and member of the executive committee at Hellman & Friedman, a San Francisco–based private equity firm. He has also launched NextGen America, a nonprofit organization that supports progressive positions on climate change, immigration, health care, and education. Steyer even served on the board of trustees at Stanford University from 2007 to 2017
Steyer's 2020 presidential campaign began on July 9, 2019, when he stated that he would be running in the Democratic primaries in an online campaign video posted to Twitter. He has committed himself to spending $100 million in the race. Steyer made the largest ad buy in the Democratic primary so far at $1.4 million.
Steyer announced that his campaign had reached 130,000 individual donors, one of two requirements for entry into the September Democratic debate. And although Steyer missed the September Democratic debate, he reached both the polling and donor threshold needed to qualify for the October debate. On October 6, 2019, Steyer reached the polling and donor threshold needed to qualify for the November debate. On November 18, Steyer met the polling threshold for the December debates by polling over 4% in four different state-wide surveys. He reached the 200,000-donor goal on December 3. On Thursday January 9, 2020, the day before the deadline to qualify, Steyer qualified for the Democrat Presidential candidates debates on January 14, 2020. He looked certain to miss the cut, but two Fox News polls from Nevada and South Carolina showed that he was getting support at 12 and 15 percent and so qualified for the debate. This is usually attributed primarily to the level of his spending on political advertising.
As of June 2014, Forbes estimates his fortune at $1.6 billion.
Steyer is the founder and former co-senior-managing-partner of Farallon Capital and the co-founder of Onecalifornia Bank, which became (through mergers) Beneficial State Bank, an Oakland–based community development bank. Farallon Capital manages $20 billion in capital for institutions and high-net-worth individuals. The firm's institutional investors include college endowments and foundations. Since 1986, Steyer has been a partner and member of the executive committee at Hellman & Friedman, a San Francisco–based private equity firm. He has also launched NextGen America, a nonprofit organization that supports progressive positions on climate change, immigration, health care, and education. Steyer even served on the board of trustees at Stanford University from 2007 to 2017
Steyer's 2020 presidential campaign began on July 9, 2019, when he stated that he would be running in the Democratic primaries in an online campaign video posted to Twitter. He has committed himself to spending $100 million in the race. Steyer made the largest ad buy in the Democratic primary so far at $1.4 million.
Steyer announced that his campaign had reached 130,000 individual donors, one of two requirements for entry into the September Democratic debate. And although Steyer missed the September Democratic debate, he reached both the polling and donor threshold needed to qualify for the October debate. On October 6, 2019, Steyer reached the polling and donor threshold needed to qualify for the November debate. On November 18, Steyer met the polling threshold for the December debates by polling over 4% in four different state-wide surveys. He reached the 200,000-donor goal on December 3. On Thursday January 9, 2020, the day before the deadline to qualify, Steyer qualified for the Democrat Presidential candidates debates on January 14, 2020. He looked certain to miss the cut, but two Fox News polls from Nevada and South Carolina showed that he was getting support at 12 and 15 percent and so qualified for the debate. This is usually attributed primarily to the level of his spending on political advertising.
As of June 2014, Forbes estimates his fortune at $1.6 billion.
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