Thomas Fahr Steyer Wiki Biography
Thomas Fahr Steyer is a hedge fund manager, philanthropist, and environmentalist who was born on June 27, 1957, in Manhattan, New York City, USA. He is the founder of the investment firm Farallon Capital Management and one of the founders of the community development bank Beneficial State Bank. Since 1986, he has been a member of the Executive Committee of Hellman & Friedman, a private equity firm.
Tom Steyer’s net worth is estimated to be in the millions of dollars. According to credible sources, his total net worth is projected to be $1.61 billion as of the statistics published in the middle of 2016. Steyer’s fortune comes primarily from hedge funds and Farallon Capital Management.
Tom Steyer Net Worth $1.61 Billion
Tom was raised in Manhattan by his parents, Marnie and Roy Henry Steyer, and went to the Buckley School and Philips Exeter Academy for his education. He earned a Bachelor’s degree in Economics and Political Science from Yale University and a Master’s degree in Business Administration from Stanford Business School, where he later served on the Board of Trustees.
Following graduation, he worked for the multi-national financial services organization Morgan Stanley, and subsequently for the multi-national banking firm The Goldman Sachs Group, where he worked in the risk arbitrage section with acquisitions and mergers from 1983 to 1985. Following that, he joined the executive committee of the equity company Hellman & Friedman as a member and one of the partners.
The businessman formed the investment firm Farallon Capital in the beginning of 1986, which eventually became the main source of Tom Steyer’s net worth – the firm had $21.5 billion in assets under management when Steyer left it in 2012. Steyer opted to leave the company in order to focus on alternative energy advocacy.
In addition to his business career, Steyer has been involved in politics since 1983, serving as one of the Democratic Party’s leaders and fundraisers. In 2007, Tom Steyer is credited with defeating a movement in California to change the electoral vote procedures. He was considered for the role of Secretary of Treasury a year later. He was a co-sponsor of Proposition 39, a ballot measure that changed the way out-of-state firms compute their income tax liabilities. He has raised money for President Barack Obama, Senator Ed Markey of Massachusetts, Governor Terry McAuliffe of Virginia, and Hillary Clinton, the Democratic presidential contender.
Finally, Tom Steyer’s personal life includes a marriage to Kathryn Ann Taylor, with whom he has four children, dating back to 1986. Tom Steyer is well-known for his charitable endeavors. He raised the funds to support the OneRoof company, which brings technology to India’s rural areas. Steyer backed Beneficial State Bank, formed One Pacific Coast Foundation, and founded the TomKat Ranch in Pescadero, California, with his wife. Tom has served on the board of Next Generation, a non-profit organization, since 2011.
|Date Of Birth
||June 27, 1957
|Place Of Birth
||New York City, New York U.S.
||Businessman, Hedge fund manager, Environment developer, NextGen Climate’s founder
||Buckley School, Philips Exeter Academy, Yale University, Stanford Business School
||Kathryn Ann Taylor (m. 1986)
||Marnie and Roy Henry Steyer
||Equality California’s 2015 Humanitarian Award, Public Service Award of Consumer Watchdog (2011), Environmental Leadership Award (2012), Environmental Achievement Award of the Environmental Law Institute (2013), Land Conservation Award of the Open Space Institute (2015)
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