Tom Steyer Net Worth

Tom Steyer Net Worth – In this January 9, 2019 file photo, billionaire investor and Democratic activist Tom Steyer speaks during a press conference announcing his decision not to run for the 2020 Democratic presidential nomination at the Statehouse in Des Moines, Iowa. Steyer is now entering the race for the Democratic presidential nomination, having decided earlier this year that he would drop out of the race.

WASHINGTON (AP) — Billionaire investor and activist Tom Steyer said Tuesday he is joining the race for the Democratic presidential nomination, after deciding earlier this year that he would drop out.

Tom Steyer Net Worth

Steyer, 62, is one of the most visible and deep-pocketed liberals to advocate for the impeachment of President Donald Trump. He shocked many Democrats in January when he traveled to Iowa, site of the nation’s first presidential caucus, to announce that he would focus entirely on impeachment efforts rather than seeking the White House.

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Since then, Steyer, of California, has said he has been frustrated by the speed with which the Democratic-controlled House has approached Trump. Nearly half of the Democratic presidential hopefuls, seeking to appeal to the party’s progressive base, have asked House Democrats to open an impeachment inquiry. But Speaker Nancy Pelosi declined, warning that Democrats needed to gather information and that the impeachment push could ultimately help Trump politically.

Despite being a national voice on impeachment matters, Steyer made no mention of it in his campaign announcements. Instead, he said his campaign would focus on reducing corporate influence in politics. He plans to target climate change, the focus of the Steyer-backed advocacy group NextGen America. Washington Governor Jay Inslee, another Democratic presidential hopeful, has made climate change a central issue in his campaign.

“Other Democratic presidential hopefuls have many great ideas that will really move our country forward, but we won’t be able to execute any of them until we end corporate takeovers that are hostile to our democracy,” Steyer said in a statement. .

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Citing issues including climate change and the opioid crisis, Steyer said that almost every “major critical issue, behind it, you see a huge interest in money stopping progress, stopping justice is critical to their bottom line.”

“The American people are deeply disappointed and hurt by what they see as the power elite in Washington, D.C., and it crosses party lines and crosses democratic boundaries,” Steyer said in a campaign video released Tuesday. . “We need to take control of the company from politics.”

As he sought the presidency, Steyer stepped down from his leadership positions at NextGen America and Need to Impeach. He said he had pledged more than $50 million to the two organizations by 2020.

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Steyer joins the race three weeks before the next presidential debate, and he could fight for a spot on the stage. He will most likely not meet the voting requirements to participate but may clear the fundraising threshold.

There are 20 spots in contention for the field which includes two dozen candidates. If more than 20 people qualify, the Democratic National Committee will hold a tiebreaker to determine who takes the stage.

Steers may also face potential challenges recruiting staff. Several former NextGen America staff have joined the Inslee campaign. Former Steyr spokesperson, Alegha Cavaliere, recently joined Beto O’Rourke’s 2020 campaign.

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The wider Democratic field is changing as Steyer emerges as a new contender. Several low-level candidates face increasingly dire prospects if they don’t secure a spot on the debate stage this fall.

California representative Eric Swalwell dropped out of the race on Monday and former Colorado Governor John Hickenlooper’s campaign took a hit after his debate appearance last month, with several activists pushing for him to consider a Senate campaign instead.

This is not the first time Steyer has considered running. He made bids for governor of California in 2018 and for the Senate in 2016. His net worth is estimated at $1.6 billion, according to Forbes. Tom Steyer presents the panel during the National Clean Energy Summit 6.0 at the Mandalay Bay Convention Center on August 13, 2013 in Las Vegas, Nevada. Isaac Bracken/Getty Images for National Clean Energy Summit 6.0

Tom Steyer Officially Announces Presidential Bid

Kai Ryssdal: First of all, let me open up the Keystone XL pipeline—a huge win for you and what you’re passionate about.

Tom Steyer: Of course. We think that Keystone is actually a big win, but we think that the greatest part of Keystone is that it became a thorn in the side of the United States. It basically said that we’re not going to stay in the status quo, we’re transitioning into a new clean energy economy, so we’re going to take a new path, and that’s a great thing in terms of us going. for new kinds of solutions in our economy.

Rysdal: Not to get too into politics, but are you satisfied that it’s going to stick even though we have elections in about a year and the situation could change?

Tom Steyer Wants To Challenge Trump On The Economy

STAIR: Well, I think if you look at where Americans are in terms of clean energy, we’ve come a very long way in the last six months and the last year. I think the majority of Republicans are pushing for clean energy, and the vast majority are independents and Democrats. So yes, I think we’ve decided to move forward and deal with a clean energy driven economy.

Steyer: Well, I think my general feeling about the United States is that democracy works, and I believe that my whole life, and my experience as an entrepreneur for 30 years, if you ignore the voices and outrage, Americans that democracy works. If you give it enough time. And what I’ve noticed in terms of energy and climate is that this is an important generational challenge for the United States, and for whatever reason democracy is not doing its normal job of screaming a lot, screaming a lot, but basically letting the genius of the American people answer that question. I felt something was wrong here for some reason a system I’ve always believed wasn’t working and I determined that if this is going to be the challenge of our generation I want to be one of the people working on it. it and try to solve it.

Rysdal: There are people who will listen to this interview, Mr. Steyer, and said, ‘But wait a minute, what you’ve decided is to cheat the political process with your money.’

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Steyer: Well, I think it’s a question of what you really want to do with your life and what you think is important in your life. From my perspective, I feel that our generation of Americans is being challenged to solve problems and the question is what is holding us back, and the real thing that is holding us back is politics. So we’ve worked very hard to hear the voice of the American people on this issue because we think if they listen, if they understand an issue and are allowed to think about it, they’ll get the right answers, and when they come. with the right answers they May insist on following their path and we are all for it.

Ryssdal: I noticed that you didn’t dismiss the premise of the question or actually answer it. You are trying to manipulate the political process with your money. You’re not the only one, but you try to do it.

Steyer: I absolutely refuse. We spend a lot of our money on door-to-door voter-to-voter communication, talking to other Americans and trying to get those voices heard. So yeah, I think it’s the traditional American political process and the organizations and the times and the people. Yes, these things do cost money, Kai, but the fact of the matter is that this is a traditional American political process and what we’re trying to do is facilitate that process so that the American people can decide whether we’re right or wrong. There is no question of manipulation here. What we’re trying to do is spread the word out fully, discuss solutions, and let the American people decide.

What California Knows About Tom Steyer

Rysdal: There are those who will say, and let me state the premise instead of writing it: Tom Steyer is the leftist equivalent of the Koch brothers. up for discussion.

Steyer: (Laughter) So let me start drawing the differences. First, they have more money than we do.

Steyer: Second, what we have on our side are facts and truth. The fundamental point you made is that we recognize that our system, even as we believe it, is not perfect. Part of this is Citizens United’s decisions and the influence of money and politics. So the way we do our operations is completely transparent. We have nothing to hide.

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