Meet the billionaire businessman obsessed with impeaching Trump

Catherine Clifford
Meet the billionaire businessman obsessed with impeaching Trump

President Trump

's approval rating has been

hovering around 40 percent for months

. There are a whole lot of people who would be very happy to see the controversial leader removed from the White House, but few are making any real progress in unseating Trump.

Tom Steyer is a notable exception.

The Californian has recently

pledged $30 million to flip the House of Representatives

from Republican to Democrat in the 2018 Congressional midterm elections. He's also delivering copies of Michael Wolff's behind-the-scenes look at the Trump White House, "Fire and Fury," to every member of Congress.

Fire and Fury is required reading for every member of Congress to help them understand their duty to the American people. That's why we're delivering a copy to each and every one of them.

535 hand deliveries takes time! Should we bring you one in DC or LA?But who is Steyer? And how did he make all his money?

Steyer, 60, is

currently worth $1.6 billion

, according to Forbes. He graduated from Yale with his a bachelor's degree in 1979 and Stanford School of Business in 1983,

according to his LinkedIn page

. He launched the asset management firm, Farallon Capital Management, in 1986 and grew the company for the following 26 years.

Farallon Capital Management manages equities for college endowments, charitable foundations, pension plans and wealthy individuals. According to

the global company's website

, it currently has 180 employees.

In 2010, Steyer signed

The Giving Pledge, an initiative co-founded by billionaire buddies

Warren Buffett

and

Bill Gates

whereby billionaires publicly pledge to give away more than half of their wealth.

"Almost by accident — we've focused on good investing not making money — we currently have more assets than we could reasonably spend in our lifetime. Our original impetus for saving money revolved around wanting our kids to enjoy the same educational opportunities that we had, so that they could succeed on their own terms, assuming that they worked hard," Steyer and his wife, Kat Taylor,

wrote when they took the pledge

.

"We want to leave our kids a different kind of inheritance, an example of at least trying to lead a worthy life," the couple wrote.In 2012, Steyer left Farallon, and the following year launched NextGen Climate, a non-profit and political action committee focused on environmental issues. In 2017, Steyer expanded his ballot of core issues to include immigrant rights, affordable health care and equality and rebranded the organization as NextGen America.

Steyer is also co-founder, with Taylor, of the

Beneficial State Bank in Oakland

. Taylor is the CEO of the community bank, which the duo launched in 2007 and which aims to serve those individuals and small business owners who are otherwise unable to get access to loans. The community bank, however, does not add to Steyer's cash pile — the Beneficial State Bank

reinvests all profits back into the community

.

Currently, the former financier is largely focusing his efforts on impeaching President Trump. So far more than 4 million people have signed a digital record calling for Trump to be impeached through

NeedToImpeach.com

, which Steyer launched to support his efforts.

Trump threatens our Constitution, our freedoms, and our lives. It's time to begin impeachment proceedings.

"A year ago, people around the country wondered what a Donald Trump presidency would look like. It's now 2018, and we have our answer. Our mission is clear — we have to take back the House," says the homepage for

Steyer's personal website

. "Our movement is going to take action to stand up to this president in 2018, and demand our representatives stand with us. With the people on our side, we're going to send a progressive wave across the country."

Steyer is aggressive in his attacks on Trump.I'm not sure Mr. Trump would recognize the Truth if it came up and bit him in the rear end.This is the nightmare scenario -- a totally unhinged President with his finger on the nuclear button. Trump is mentally and emotionally unfit for office, and it's time for Congress to begin impeachment proceedings. What are we waiting for?

NextGen America

is aiming to bring out half a million young voters in 2018

for the Congressional midterm elections, Governor's races and state legislatures. Steyer

is putting $30 million behind

the organization's efforts in key states, including New Hampshire, Pennsylvania, Virginia, Florida, Michigan, Wisconsin, Iowa, Arizona, Nevada and California.

I believe 2018 will be a battle for the soul of America, and our mission is clear: we have to take back the House.

"We are really focused on removing this president,"

Steyer told the New York Times

. "I am willing to do whatever it takes to help save our country. I feel the most important task for me is organizing."

See also:Warren Buffett on the US economy: 'The tsunami of wealth didn't trickle down. It surged upward'Richard Branson: Trump administration's marijuana move 'a throwback to the worst days of the failed War on Drugs'Ex-Apple exec: Thanks to Apple, Google, Facebook, Twitter, we're addicted to tech — and 'they are the only ones' who can fix it

Like this story?

Like CNBC Make It on Facebook

.

President Trump

's approval rating has been

hovering around 40 percent for months

. There are a whole lot of people who would be very happy to see the controversial leader removed from the White House, but few are making any real progress in unseating Trump.

Tom Steyer is a notable exception.

The Californian has recently

pledged $30 million to flip the House of Representatives

from Republican to Democrat in the 2018 Congressional midterm elections. He's also delivering copies of Michael Wolff's behind-the-scenes look at the Trump White House, "Fire and Fury," to every member of Congress.

Fire and Fury is required reading for every member of Congress to help them understand their duty to the American people. That's why we're delivering a copy to each and every one of them.

535 hand deliveries takes time! Should we bring you one in DC or LA?

But who is Steyer? And how did he make all his money?

Steyer, 60, is

currently worth $1.6 billion

, according to Forbes. He graduated from Yale with his a bachelor's degree in 1979 and Stanford School of Business in 1983,

according to his LinkedIn page

. He launched the asset management firm, Farallon Capital Management, in 1986 and grew the company for the following 26 years.

Farallon Capital Management manages equities for college endowments, charitable foundations, pension plans and wealthy individuals. According to

the global company's website

, it currently has 180 employees.

In 2010, Steyer signed

The Giving Pledge, an initiative co-founded by billionaire buddies

Warren Buffett

and

Bill Gates

whereby billionaires publicly pledge to give away more than half of their wealth.

"Almost by accident — we've focused on good investing not making money — we currently have more assets than we could reasonably spend in our lifetime. Our original impetus for saving money revolved around wanting our kids to enjoy the same educational opportunities that we had, so that they could succeed on their own terms, assuming that they worked hard," Steyer and his wife, Kat Taylor,

wrote when they took the pledge

.

"We want to leave our kids a different kind of inheritance, an example of at least trying to lead a worthy life," the couple wrote.

In 2012, Steyer left Farallon, and the following year launched NextGen Climate, a non-profit and political action committee focused on environmental issues. In 2017, Steyer expanded his ballot of core issues to include immigrant rights, affordable health care and equality and rebranded the organization as NextGen America.

Steyer is also co-founder, with Taylor, of the

Beneficial State Bank in Oakland

. Taylor is the CEO of the community bank, which the duo launched in 2007 and which aims to serve those individuals and small business owners who are otherwise unable to get access to loans. The community bank, however, does not add to Steyer's cash pile — the Beneficial State Bank

reinvests all profits back into the community

.

Currently, the former financier is largely focusing his efforts on impeaching President Trump. So far more than 4 million people have signed a digital record calling for Trump to be impeached through

NeedToImpeach.com

, which Steyer launched to support his efforts.

Trump threatens our Constitution, our freedoms, and our lives. It's time to begin impeachment proceedings.

"A year ago, people around the country wondered what a Donald Trump presidency would look like. It's now 2018, and we have our answer. Our mission is clear — we have to take back the House," says the homepage for

Steyer's personal website

. "Our movement is going to take action to stand up to this president in 2018, and demand our representatives stand with us. With the people on our side, we're going to send a progressive wave across the country."

Steyer is aggressive in his attacks on Trump.

I'm not sure Mr. Trump would recognize the Truth if it came up and bit him in the rear end.

This is the nightmare scenario -- a totally unhinged President with his finger on the nuclear button. Trump is mentally and emotionally unfit for office, and it's time for Congress to begin impeachment proceedings. What are we waiting for?

NextGen America

is aiming to bring out half a million young voters in 2018

for the Congressional midterm elections, Governor's races and state legislatures. Steyer

is putting $30 million behind

the organization's efforts in key states, including New Hampshire, Pennsylvania, Virginia, Florida, Michigan, Wisconsin, Iowa, Arizona, Nevada and California.

I believe 2018 will be a battle for the soul of America, and our mission is clear: we have to take back the House.

"We are really focused on removing this president,"

Steyer told the New York Times

. "I am willing to do whatever it takes to help save our country. I feel the most important task for me is organizing."

See also:

Warren Buffett on the US economy: 'The tsunami of wealth didn't trickle down. It surged upward'

Richard Branson: Trump administration's marijuana move 'a throwback to the worst days of the failed War on Drugs'

Ex-Apple exec: Thanks to Apple, Google, Facebook, Twitter, we're addicted to tech — and 'they are the only ones' who can fix it

Like this story?

Like CNBC Make It on Facebook

.



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