Tom Steyer
Thomas Fahr Steyer (; born June 27, 1957) is an American billionaire, entrepreneur and environmentalist.
Steyer is the founder and former co-senior-managing-partner of Farallon Capital, and the co-founder of OneCalifornia Bank, which became (through merger) Beneficial State Bank. Steyer served on the board of trustees at Stanford University from 2007 to 2017. He was formerly a partner and member of the executive committee at Hellman & Friedman.
Switching his focus to politics and environmental advocacy, Steyer retired from Farallon Capital in 2012 and launched NextGen America, a nonprofit organization that supports progressive positions on climate change, immigration, health care, and education. In California state politics, Steyer co-chaired or sponsored a series of ballot campaigns: 2010's No on Prop. 23 campaign that preserved the AB32 climate change law, 2012's Proposition 39, which closed a tax loophole to fund clean-energy infrastructure, and Proposition 56 in 2016, a tobacco-tax increase to fund healthcare and smoking cessation programs.
Steyer sought the Democratic nomination for president in 2020, but dropped out of the race after the first four state contests, having spent more than $191 million on campaign advertising but failing to obtain any pledged delegates.
In 2025, Steyer backed Proposition 50, a measure that shifted congressional-district redistricting power to the legislature until 2030. In November 2025, Steyer announced his candidacy in the 2026 California gubernatorial election.
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