Skip To Content
JEWISH. INDEPENDENT. NONPROFIT.
Fast Forward

Tom Steyer, Jewish Billionaire, Joins Race For Democratic Presidential Nomination

Tom Steyer, a prominent Jewish billionaire, left-wing activist and Democratic mega-donor announced this morning on Twitter that he will join the Democratic Race for president.

Steyer is a former hedge fund manager and founder of Farallon, a San Francisco-based investment firm. In 2012, he retired to focus on political and environmental advocacy. He had previously denied that he planned to run.

In the video accompanying his campaign announcement, Steyer said that he will emphasize climate-oriented action and decreasing the sway of large corporations in politics. Referencing wealth inequality, and sounding straight out of a “How To Be Bernie Sanders” handbook, Steyer argued that “If [America] is a banana republic with a few very, very rich people and everybody else living in misery, that’s a failure.” He also highlighted his goal to “push power … to the people.”

Steyer’s father, Roy Steyer, was an esteemed Jewish lawyer who famously tried Nazi leaders at the Nuremberg trials. In his video, Steyer attributes his activism to the influence of his parents.

Steyer has been the target of various anti-semitic attacks. Last year, the vice president of the NRA told a right-wing conference that three Jewish billionaires, “George Soros, Michael Bloomberg [and] Tom Steyer,” were contributing to a “socialist takeover” of the United States. A few months later, House Majority Leader Kevin McCarthy mocked Steyer just after a Steyer’s home was targeted in an attempting mail bombing.

Although a late-comer to the Democratic race, Steyer’s high profile and wealth may jump start his candidacy. Steyer intends to spend $100 million financing his campaign.

Alexandra Wells is a news intern at the Forward. Contact her at [email protected]

The Forward is free to read, but it isn’t free to produce

I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward.

At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and polarized discourse.

Readers like you make it all possible. We’ve started our Passover Fundraising Drive, and we need 1,800 readers like you to step up to support the Forward by April 21. Members of the Forward board are even matching the first 1,000 gifts, up to $70,000.

This is a great time to support independent Jewish journalism, because every dollar goes twice as far.

—  Rachel Fishman Feddersen, Publisher and CEO

2X match on all Passover gifts!

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines.
You must comply with the following:

  • Credit the Forward
  • Retain our pixel
  • Preserve our canonical link in Google search
  • Add a noindex tag in Google search

See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.