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Who is Tom Steyer, the Democratic billionaire megadonor?

Tom Steyer, the largest individual donor in Democratic politics, ...

Posted: Jan 9, 2018 12:05 PM
Updated: Jan 9, 2018 12:05 PM

Tom Steyer, the largest individual donor in Democratic politics, announced on Monday that he'll spend $30 million on House races in 2018 and "double" his $20 million campaign to impeach President Donald Trump.

For Steyer, the moves mark the third consecutive election cycle in which he's spent tens of millions from his personal fortune on Democratic candidates and causes.

It's the 3rd consecutive election cycle in which he's spent tens of millions

Steyer has devoted much of his political energy to environmental issues

Steyer, 60, began amassing a net worth -- which Forbes now estimates is $1.6 billion -- in 1986, when he launched Farallon Capital, a hedge fund that ultimately managed $20 billion while Steyer was there.

In 2010, Steyer and his wife, Kat Taylor, signed a pledge launched by Bill Gates and Warren Buffett to give at least half their wealth to charity.

RELATED: Tom Steyer bought a copy of 'Fire and Fury' for every member of Congress

Two years later, Steyer sold his stake in Farallon Capital and shifted his focus to politics, launching the political advocacy organization that has become NextGen America.

Steyer has devoted much of his political energy to environmental issues -- including opposing the Keystone XL pipeline under former President Barack Obama.

He launched his nonprofit and political action committee initially as NextGen Climate and pumped $75 million into organizing efforts in the 2014 midterm elections. Steyer then spent about $90 million in 2016 backing Democratic candidates and causes.

His group then rebranded and broadened its focus, changing its name to NextGen America in 2017. Steyer, meanwhile, publicly flirted with a run for office -- including potential campaigns for the presidency in 2020 or in California, for the governor's office or Sen. Dianne Feinstein's seat, in 2018.

"I would say it is hard for me not to think about that fight," Steyer said in an interview with CNN reporters at Netroots Nation, a progressive summit in Atlanta, in August 2017. He called Trump's presidency a "historic moment" and said America's political divide "is not shrinking, it's growing."

Asked about his thought process as he weighed a run for office, Steyer said: "The way that I think about it is, how can I make the biggest difference?"

"It's not a question of what is the biggest thing I can do? It's how can I make the biggest difference from what would otherwise happen?" he said. "And I honestly haven't figured it out, but I think we've spent a lot of time on it, and I think I still have some time to make up my mind."

Steyer later launched his "Need to Impeach" campaign to remove Trump from office. He spent $10 million on a 60-second ad to kick off the campaign, then another $10 million to oppose Trump's tax reform effort while also calling for his impeachment.

Steyer told reporters in Washington on Monday that he is not running for office this year. Instead, he said, he'll spend $30 million on House races, attempting to unseat Republicans in 10 states. He said he'll also "double" his impeachment push.

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 113876

Reported Deaths: 3238
CountyConfirmedDeaths
Hinds7850176
DeSoto685779
Harrison505083
Jackson445084
Rankin388186
Madison377993
Lee350779
Forrest299578
Jones287784
Washington255199
Lafayette245943
Lauderdale2418134
Lamar221238
Bolivar200177
Oktibbeha199354
Neshoba1831111
Lowndes176362
Panola169038
Leflore165187
Sunflower159749
Warren153655
Monroe147372
Pontotoc145819
Marshall139227
Lincoln138557
Pike137756
Copiah136236
Coahoma124736
Scott124729
Grenada121138
Yazoo120733
Simpson120449
Union116525
Tate114939
Leake114340
Holmes114160
Pearl River112259
Itawamba112125
Adams106743
Prentiss103719
Wayne99821
Alcorn98112
George97718
Covington95326
Marion93542
Tippah88121
Newton85227
Chickasaw83626
Tallahatchie83025
Winston82821
Tishomingo80041
Hancock79827
Attala78926
Clarke73450
Clay68321
Jasper67717
Walthall63627
Calhoun61912
Noxubee59617
Smith58916
Montgomery53523
Claiborne53316
Tunica52817
Yalobusha51914
Lawrence50714
Perry48623
Carroll47612
Greene46918
Stone46214
Humphreys42616
Amite42113
Quitman4196
Jefferson Davis40011
Webster37013
Wilkinson33520
Benton3255
Kemper32015
Sharkey28014
Jefferson27410
Franklin2373
Choctaw2046
Issaquena1074
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 155915

Reported Deaths: 2674
CountyConfirmedDeaths
Jefferson22861374
Mobile14468314
Tuscaloosa10148139
Montgomery9875196
Madison915094
Shelby720462
Lee649665
Baldwin647569
Marshall433049
Calhoun418960
Etowah418749
Morgan403635
Houston369232
DeKalb330229
Elmore314852
St. Clair287142
Limestone276530
Walker272293
Talladega261035
Cullman235724
Lauderdale214841
Jackson210015
Autauga202330
Franklin202131
Colbert196731
Russell19233
Blount189325
Dallas186227
Chilton184132
Escambia171929
Coffee171710
Covington169929
Dale165451
Chambers133643
Pike132313
Tallapoosa130587
Clarke130017
Marion106229
Butler100140
Barbour9979
Marengo99222
Winston91313
Geneva8527
Pickens82417
Lawrence82131
Randolph81216
Bibb81114
Hale74930
Clay72912
Cherokee72614
Lowndes70328
Monroe64010
Henry6396
Bullock63717
Washington63412
Crenshaw60230
Perry5836
Wilcox56212
Fayette56113
Conecuh55713
Cleburne5438
Macon52920
Sumter47021
Lamar4665
Choctaw38812
Greene34216
Coosa2023
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