Our Haute 100 list details the accomplishments of the most influential people in each of our markets—Miami, New York, Los Angeles, and San Francisco. These people continue to make moves, so rather than waiting for the next Haute 100 issue to come out, we thought we’d provide you with regular updates on those Haute 100 members who are making headlines. Check back daily for more info on the most powerful people in your city. Bay Area billionaire and hedge fund manager Thomas Steyer is advocating No on Propositions 23 and 26 and urging Californians to vote accordingly at the polls next week.
Company: Farallon Capital Management
What Made Him Haute: Steyer is co-managing partner of Farallon Capital Management LLC, which manages the wealth of a number of other high-profile and high-net-worth individuals on our list. It’s a position he has held since founding the company in 1986. The former billionaire (he fell off of Forbes list in 2009) got his start in the Risk Arbitrage Department of Goldman, Sachs & Co.
What Makes Him Haute Now: Dipping his wealth into the political pool, Thomas Steyer is in favor of preserving the carbon emissions bill in California. With the future of our nation’s climate change legislation largely in the hands of Californians, Proposition 23, the ballot measure that would suspend implementation of the state’s landmark greenhouse gas emissions bill has received strong opposition from powerful environmental allies, including Steyer, who co-chairs the No on 23 campaign. The co-managing partner of Farallon Capital Management has donated $5 million to the campaign, the largest donation yet. Supporters of the No on 23 campaign have raised more than $28 million with less than a week left to go before the Nov. 2 election.
Steyer has also pledged $1 million to the No on Proposition 26 campaign, which would raise the legislative vote requirement for approving fees from a majority to two-thirds.