George Soros has rightfully built himself a reputation as a massive backer of Left wing political causes, donating hundreds of millions of his $25-plus billion (and growing) wealth to a portfolio of leftist think tanks, action groups, political action committees and candidates. Enjoying a position as the 19th richest man in America, the man seems hellbent on fighting the system of free enterprise that has allowed him to enjoy such success.
And while he’s often the go-to “boogeyman” for those in the Right when it comes to the influence of money in politics, he’s not the Left’s biggest spender as of late.
From Allen B. West
Enter, Tom Steyer, another billionaire (net worth: $1.6 billion) owing his wealth to the hedge fund industry.
As for how he compares to Soros, Conservative Review has the stats.
The Washington Post reported Steyer spent $66.3 million helping Democrats in the 2016 cycle, and the Washington Times reports that the final spend was north of $87.6 million. That makes him the largest individual donor of the 2016 election cycle. He spent $75.4 million on federal races in 2014, a year he was also the top donor.
How much did legendary leftist George Soros spend in 2016? A meager $17.5 million.
So who is Tom Steyer?
Steyer is the founder of Farallon Capital, a hedge fund that Fortune reported in 2008 had $33 billion in assets. He has since left the daily management of Farallon to run a non-profit committed to saving the climate, called NextGen Climate. At first it is confusing that on the non-profit’s website it is noted that Steyer “founded a successful California business,” but it doesn’t state that business is Farallon.
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