Tom Steyer’s net worth over time
Only dates with a published estimate are shown. Nothing is filled in between. Tap or hover a bar to see the source.
See the numbers as a table
| Date | Estimate | Source |
| 2019 | $1.6 billion | Forbes World's Billionaires List 2019 |
| 2020 | $1.6 billion | Forbes World's Billionaires List 2020 |
| 2021 | $1.4 billion | Forbes World's Billionaires List 2021 |
| 2022 | $1.5 billion | Forbes World's Billionaires List 2022 |
| 2023 | $1.5 billion | Forbes World's Billionaires List 2023 |
| 2024 | $2 billion | Forbes World's Billionaires List 2024 |
| 2025 | $2 billion | Forbes World's Billionaires List 2025 |
| 2026 | $2.4 billion | Forbes World's Billionaires List 2026 |
| Oct 2026 | $2.4 billion | Forbes Real-Time Billionaires · Forbes real-time estimate |
Where the money comes from
These are the main sources of wealth named in the reporting we cite. No published source breaks the total into exact amounts, so we do not show percentages.
Tom Steyer’s fortune in real-life terms
Based on the Forbes Real-Time Billionaires estimate above. Median full-time U.S. pay is $65,416 a year ($1,258 a week, BLS, Q2 2026), before taxes. Typical (median) U.S. family net worth is $216,100 (Federal Reserve, 2025 Survey of Consumer Finances).
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Tom Steyer has an estimated net worth of $2.4 billion, according to Forbes Real-Time Billionaires, Tom Steyer profile (figures as of October 20, 2026). That is up from $1.6 billion in 2019.
Tom Steyer is an American investor, environmental advocate, and political donor who built his fortune in finance. He started his career at Morgan Stanley in 1979, then worked at Goldman Sachs from 1983 to 1985 and later at Hellman & Friedman. In 1986, he launched Farallon Capital in San Francisco. Forbes says Steyer was self-made, and it now estimates his net worth at $2.4 billion on its real-time billionaires tracker as of October 20, 2026.
Farallon became the center of Steyer's wealth. He ran the hedge fund for 26 years and sold his stake in 2012. After leaving the firm, he shifted toward climate work, politics, and philanthropy. He founded NextGen Climate and later co-founded Galvanize Climate Solutions in 2021, a climate-focused investment firm. He also wrote Cheaper, Faster, Better: How We’ll Win the Climate War, which reached The New York Times Best Seller list in 2024.
How Tom Steyer built his fortune
Steyer made his money mainly through Farallon Capital, the hedge fund he founded in 1986. Before that, he learned the finance business at Morgan Stanley, Goldman Sachs, and Hellman & Friedman. Farallon was based in San Francisco and grew into a major investment firm during his time there. Wikipedia says the firm was managing $20 billion when he left, and Forbes says he spent 26 years running it before selling his stake in 2012.
His later work still connects to investing, but with a climate focus. In 2021, he co-founded Galvanize Climate Solutions with Katie Hall. Forbes also notes that he founded the environmental group NextGen Climate. Alongside business, he has put large sums into public life. Forbes says he spent over $320 million in federal elections since 2010, plus another $340 million on his own presidential campaign in 2020.
Where his money story stands now
Steyer's wealth is tied to the long run of Farallon and to the value of the stake he sold after stepping away in 2012. Forbes places him in the Finance & Investments category and says hedge funds are the main source behind his fortune. The same profile notes that he later turned much of his attention to politics and the environment, including clean energy efforts through NextGen Climate and Galvanize.
Forbes currently values Steyer at $2.4 billion on its real-time billionaires tracker as of October 20, 2026. His recent profile is not only about investing. Forbes says he announced a campaign for governor of California in Nov. 2025, and it also highlights his giving with his wife, Kat Taylor, including tens of millions of dollars to Stanford and Yale for advanced energy research.
Career and money timeline
- 1979
He began his finance career at Morgan Stanley.
- 1983
He worked at Goldman Sachs in risk arbitrage.
- 1986
He founded Farallon Capital in San Francisco.
- 2012
He sold his Farallon stake and shifted focus.
- 2021
He co-founded Galvanize Climate Solutions.
- 2024
His climate book reached The New York Times Best Seller list.
- 2025
He announced a campaign for governor of California.
Tom Steyer net worth FAQ
What is Tom Steyer's net worth?
Tom Steyer's net worth is an estimated $2.4 billion, according to Forbes Real-Time Billionaires, Tom Steyer profile (October 20, 2026). It is an estimate, not an official figure.
How did Tom Steyer get so rich?
The main sources named in the reporting we cite are: Hedge funds.
Is Tom Steyer a billionaire?
Yes. Forbes Real-Time Billionaires estimates Tom Steyer is worth $2.4 billion.
How has Tom Steyer's net worth changed?
The earliest published estimate we track is $1.6 billion (2019, Forbes World's Billionaires List 2019). The latest is $2.4 billion (October 20, 2026).
What is Tom Steyer best known for financially?
He is best known for founding Farallon Capital and running it for 26 years. Forbes says hedge funds are the main source of his wealth.
What did Tom Steyer do after Farallon?
After selling his stake in 2012, he focused on politics, climate advocacy, and climate investing. He founded NextGen Climate and later co-founded Galvanize Climate Solutions in 2021.
Sources
- Forbes Real-Time Billionaires, Tom Steyer profile (October 20, 2026)
- Forbes World's Billionaires List 2019, Tom Steyer profile (March 5, 2019)
- Forbes World's Billionaires List 2020, Tom Steyer profile (April 7, 2020)
- Forbes World's Billionaires List 2021, Tom Steyer profile (April 6, 2021)
- Forbes World's Billionaires List 2022, Tom Steyer profile (April 5, 2022)
- Forbes World's Billionaires List 2023, Tom Steyer profile (April 4, 2023)
- Forbes World's Billionaires List 2024, Tom Steyer profile (April 2, 2024)
- Forbes World's Billionaires List 2025, Tom Steyer profile (April 2025)
- Forbes World's Billionaires List 2026, Tom Steyer profile (March 10, 2026)
- U.S. Bureau of Labor Statistics, Usual Weekly Earnings (Q2 2026) (July 2026)
- Federal Reserve, 2025 Survey of Consumer Finances (median family net worth, Table 4) (October 2026)
- Background facts: Wikipedia, Tom Steyer (accessed October 20, 2026). Used for career facts only, never for figures.
Photo: Gage Skidmore from Surprise, AZ, United States of America, CC BY-SA 2.0, via Wikimedia Commons.
Every number on this page is an estimate published by the source named next to it. We never fill in years with our own guesses. How we handle estimates.