How Tom Steyer Made His $1.6 Billion Fortune
Michael Bloomberg refused to run. Howard Schultz is still on the fence. That makes Tom Steyer, a former hedge fund manager from California, the first billionaire to officially challenge America’s first billionaire commander-in-chief for the presidency.
Forbes estimates Steyer’s net worth to be $1.6 billion, making him about half as rich as Trump (worth $3.1 billion) but far wealthier than any other presidential candidate. He has an 1,800-acre cattle ranch and a San Francisco mansion with views of the Golden Gate Bridge. But he mostly focuses his fortune on...