American millionaire Tom Steyer is from this country. He managed funds for wealthy clients while working as a hedge fund manager. He also dabbled in adjacent industries including investment banking. He is a kind philanthropist who supports numerous social and environmental initiatives.
To devote half of their wealth to charity over their lifetimes, Tom Steyer and his wife signed the Gates-Buffets Giving Promise in 2010. His October 2017 Trump Impeachment campaign, which called for the removal of President Donald Trump, is what made him most famous.
Early Years
Marnie Steyer, a teacher, and his father Roy Henry Steyer, a partner in a legal company, welcomed Tom Steyer into the world on June 27, 1957, in New York City. He went to Phillips Exeter Academy and Buckley School. He received a bachelor’s degree in Economics and Political Science from Yale University. He graduated from Stanford Business School with an MBA.
Tom Steyer Age, Height, Weight
Tom Steyer was born on June 27, 1957, and as of 2022, he will be 65 years old. He stands 1.74 m tall and weighs 66 kg.
Career
When Tom Steyer joined Morgan Stanley as an analyst for two years in 1979, his professional career officially got underway. After receiving his MBA from Stanford, he started working for Goldman Sachs and became an expert in risk arbitrage.
In 1986, he joined the private equity company, Hellman and Friedman. This project led to the establishment of San Francisco, California-based Farallon Capital Management. This was Tom Steyer’s most lucrative business endeavor, making enormous profits and rising to become the fourth-largest hedge fund in the world.
His company was known for taking high-risk positions on troubled assets and making money in a choppy market. He departed the business in October 2012, when its market worth was $20 billion. He subsequently made the decision to promote a clean environment by selling his carbon-emitting investments. Nonetheless, many criticized him, saying that he did not sell his investments as soon as he should have.
More than 70 million tonnes of coal were produced thanks to his investments in coal mining firms. He put $90 million into Prison Corporation of America stock, which administers private prisons in the United States. He was attacked by the anti-environmental policies of his corporation by the student activist group UnFarallon.
But after Farallon, he firmly backed environmental legislation and aggressively promoted a number of anti-climate change causes.
He backed the OneRoof project in India in 2006, which aimed to give remote inhabitants and schoolchildren access to computer technology. He founded Beneficial State Bank with his wife Taylor in 2007 to provide financial support to one-off nonprofit groups, underserved communities, and others.
For his work on environmental issues and his support of humanitarian and educational causes, Tom Steyer has won numerous accolades and awards.
- He was honored by Consumer Watchdog with the Philip Burton Public Service Award in 2011.
- In 2012, he was given the Environmental Leadership Award by the California League of Conservation Voters.
- He was given the Environmental Achievement Award by the Environmental Law Institute in 2013.
- In 2015, he was given the Land Conservation Award by the Open Space Institute.
- He got the 2015 Humanitarian Award from Equality California 2015 for his assistance to the LGBT community.
- He was given the Environmental Advocates of New York’s Advocacy Award in 2016.
- His career achievement was making Farallon the fourth-largest hedge fund company in the world.
Tom Steyer’s Net Worth
As of October 2022, Tom Steyer’s net worth is predicted to be $2 billion. He earned the most of his money working as a hedge manager at Farallon Capital, in addition to investment banking and related businesses. He disapproved of ostentatious spending and consumption. He had a fairly straightforward life, investing or giving away his riches.
Tom Steyer steadily advanced in life, leveraging his postgraduate business administration degree to start a hedge fund firm that, under his direction, saw extraordinary growth and was valued at $20 billion in 2012.
He gave away his riches to charitable, social, and environmental organizations. He and his wife were the initial signatories of The Giving Pledge in 2010, promising to donate half of their wealth to charity.
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