US EditionBillionaire hedge fund founder Tom Steyer is running for governor of California
Tom Steyer pledges to tackle California's high living costs and launch the largest affordable housing initiative, entering a competitive race with 44% of voters undecided, UC Berkeley poll shows.
- Tom Steyer launched his campaign Tuesday with an affordability-centered pitch, pledging to `make corporations 'pay their fair share'` and `launch the largest drive to build homes that you can afford in the history of California`.
- With years of philanthropic work and organizations like NextGen America, Steyer frames his run as an extension of that activism, having recently spent $12 million on ads and co-founded Beneficial State Bank with Kat Taylor.
- Polling from the Institute of Governmental Studies at the University of California, Berkeley indicates a crowded, undecided field with Steyer at 1%, 44% undecided, and eight other Democrats plus two Republicans competing with just over six months until the June primary.
- Even without a win, Steyer's spending could influence other candidates and the debate, as his recent $12 million ad buy supporting Gov. Gavin Newsom shows despite his 2020 presidential campaign loss.
- Critics say climate and development rules by the California Air Resources Board have increased costs, hurting lower‑income and working‑class Californians earning under $100,000, a tension Steyer inherits.
13 Articles
13 Articles
Unearthed FEC records expose Katie Porter's hypocrisy after she fumes at 'new billionaire' joining race
After billionaire activist Tom Steyer entered the California gubernatorial race Wednesday, former Congresswoman Katie Porter, who is also running for governor, blasted him despite previously taking thousands of dollars from him when she was in Congress.Porter said Steyer was entering the race claiming to fight "the very industries he got rich helping grow," to which the former member of Congress said: "I call bulls---." Meanwhile, FEC filings sh…
Tom Steyer Net Worth 2025: How Much Money Does He Make?
(Photo by Gary Gershoff/Getty Images) Thomas Fahr Steyer, or simply Tom Steyer, is a multifaceted individual. He was born on June 27 in New York City, U.S., and is an American businessman, hedge fund manager, philanthropist, environmentalist, and political activist. Steyer is the founder and former co-senior managing partner of Farallon Capital. He co-founded OneCalifornia Bank, which later became known as Beneficial State Bank. Over the years, …
Tom Steyer Would Drag California Further Left on Climate
After over a decade of mismanagement and misdirection under governors Gavin Newsom and Jerry Brown, Californians now can double down by electing the latest aspiring Gubernatorial candidate: billionaire Tom Steyer. Steyer, who made much of his money investing in such things as fossil fuels, including coal, is now preaching to the masses as a converted environmental zealot. He has remained a hardline defender of the state’s climate regulatory regi…
Tom Steyer would drag California further Left on climate
After over a decade of mismanagement and misdirection under governors Gavin Newsom and Jerry Brown, Californians now can double down by electing the latest aspiring Gubernatorial candidate: billionaire Tom Steyer. Steyer, who made much of his money investing in such things as fossil fuels, including coal, is now preaching to the masses as a converted environmental zealot. He has remained a hardline defender of the state’s climate regulatory regi…
Billionaire hedge fund founder Tom Steyer is running for governor of California
Billionaire hedge fund founder Tom Steyer announced Wednesday that he is running for governor of California, arguing that he is not beholden to special interests and can take on corporations that are making life unaffordable in the state.
Liberal Environmentalist Billionaire Tom Steyer Enters California Gov Race, Slammed By Katie Porter
Billionaire Tom Steyer is hopping into the crowded California gubernatorial race, and he’s already getting attention in the competitive contest.Steyer unsuccessfully sought the Democratic presidential nomination in 2020 and has made a name for himself in the liberal climate activism world. He “self-financed” $342 million in his failed bid, according to Open Secrets.“The richest people in America think that they earned everything themselves,” he …
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