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Thomas Steyer
Steyer and his wife Kathryn Taylor have four children. They have pledged to donate half their fortune to charity.[4] They own homes in San Francisco and Lake Tahoe, as well as a 2,000-acre ranch in the coastal town of Pescadero.[3]
Political giving
2012
- Steyer is the main financial backer behind a proposed initiative, the Income Tax Payments by Multistate Businesses With Revenues Going to Clean Energy Initiative. He views the initiative as closing a loophole. His initiative will require multistate businesses to calculate their California income tax liability based on the percentage of their sales in California. He says, "We have a loophole. It is worth over $1 billion a year. We should close the loophole, and that is what we are doing."[5]
- He has also given $200,000 to support the Insurance Companies Required to Justify Their Rates to the Public Initiative/[5]
2010
In 2010, Steyer contributed over $5 million to the campaign for a "no" vote on California Proposition 23 and $1 million to the campaign to defeat Proposition 26. According to MapLight, Steyer together with his wife, Kathryn Taylor, were the 3rd largest donors to the ballot proposition campaigns for the November 2, 2010 ballot.[6]
2004
In 2004, Steyer was among the country's top five donors to the presidential campaign of Democratic candidate John Kerry. He was a delegate to the 2004 Democratic Party presidential nominating convention. In 2008, he preferred Hillary Clinton to Barack Obama, but once Obama secured the Democratic Party's nomination, Steyer donated and fundraised for the Obama campaign.[3]
Family background
Steyer grew up on the Upper East Side of Manhattan. He attended the Buckley School, Phillips Exeter Academy and Yale, eventually going on to earn an MBA from Stanford.[3]
See also
References
- ↑ CNN, "California's hedge fund king", September 17, 2008
- ↑ Forbes, "The World's Billionaires: #962 Thomas Steyer", March 5, 2008
- ↑ 3.0 3.1 3.2 3.3 Forbes, "Tom Steyer: Hedge Fund Billionaire's Foray Into Politics", September 21, 2011
- ↑ MSNBC, "40 billionaires pledge to give away half of wealth", August 5, 2010
- ↑ 5.0 5.1 Sacramento Bee, "Tax campaign targets Capitol's inside game", January 29, 2012
- ↑ MapLight, "$147 Million Spent on California's Nov. Ballot Measures", November 5, 2010
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