Tom Steyer

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Thomas Fahr Steyer (; born June 27, 1957) is an American businessman, philanthropist, and environmentalist. He is the founder of Farallon Capital, a San Francisco-based hedge fund, as well as NextGen America, a progressive political action committee, and Galvanize Climate Solutions, a climate change-centered investment firm. A member of the Democratic Party, he unsuccessfully ran for the party's nomination in the 2020 United States presidential election. According to Forbes magazine, Steyer's net worth stood at $2.4 billion as of April 2026. Steyer is a graduate of Yale University (BA) and Stanford University (MBA). He is the founder and former co-senior managing partner of Farallon Capital. Following his departure from the company in 2012, he became an advocate for climate action and founded NextGen America. His book, Cheaper, Faster, Better: How We'll Win the Climate War, appeared on The New York Times Best Seller list in 2024. A billionaire, Steyer has been one of the largest donors in American Democratic Party politics, using his wealth to fund both environmental causes and political campaigns. In 2020, he ran for the Democratic nomination for president of the United States. After spending $253 million on his campaign, he withdrew from the race in February 2020 without having received any pledged delegates. In 2025, Steyer announced his candidacy in the 2026 California gubernatorial election to succeed term-limited governor Gavin Newsom. Steyer spent more than $215 million on his gubernatorial campaign. On June 2, 2026, he finished in third place in California's nonpartisan primary, failing to advance to the general election.