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Photo: Chip Somodevilla/Getty Images

Billionaire Tom Steyer is a former hedge fund manager who's become known for his philanthropy and liberal activism. In 2017, he launched "Need to Impeach," spending $10 million on a national ad campaign urging Congress to impeach President Trump, according to Forbes. He has since resigned his position to pursue the Democratic nomination.

Key facts
  • Current position: Philanthropist and activist
  • Age: 62
  • Born: New York, N.Y.
  • Undergraduate: Yale University
  • Date candidacy announced: July 9, 2019
  • Previous roles: Founder of Farallon Capital, and nonprofits NextGen America and Need to Impeach
Key issues
  • Climate change: The billionaire has a large stake in climate change. According to The Atlantic, Steyer is "frustrated" that Gov. Jay Inslee's climate-focused platform has not gained momentum. His organization, NextGen, has consistently promoted green-energy policies and a transition to a sustainable economy.
  • Impeachment: Steyer's "Need to Impeach" campaign has long advocated for President Trump's removal from office.
  • Big business: Steyer says he is committed to taking on corporations, stating in a press release that "the only way for us to solve the urgent problems facing our country is to loosen the stranglehold that corporations have over our politicians and return political power to the American people."
  • Immigration: In a July tweet on the migrant crisis at the southern border, Steyer wrote that the Trump administration has "desensitized the Border Patrol to a shocking degree and made immigrants in desperation 'The Enemy."
  • LGTBQ issues: Steyer has advocated for LGBTQ equality. In response to Trump's 2016 selection of Mike Pence as vice president, Steyer said the president had chosen "someone who had vilified another part of our community — the LGBT part of our community," Politico wrote.
  • Housing: Proposes spending $45 billion per year in affordable construction and renovation. Wants to update the low-income housing credit by increasing allocations by 50% over the next five years.
Key criticisms
  • Despite having sold his holdings in companies that generate fossil fuels, Steyer still bankrolled numerous projects that will continue to emit carbon into the foreseeable future.
  • Steyer, who's launched his White House campaign condemning corporate America, may find himself at odds with his own business history. Farallon had $20 billion under its management when Steyer left.
1 fun thing
  • Tom and his wife, Kathryn Taylor, have 4 grown children.

Go deeper: Everything you need to know about the other 2020 candidates

Go deeper

Mike Allen, author of AM
28 mins ago - Economy & Business

America on borrowed time

Illustration: Aïda Amer/Axios

Economic recovery will not be linear as the world continues to grapple with the uncertainty of the pandemic.

Why it matters: Despite being propped up by an extraordinary amount of fiscal stimulus and support from central banks, the state of the global economy remains fragile.

Scoop: Gina Haspel threatened to resign over plan to install Kash Patel as CIA deputy

CIA Director Gina Haspel. Photo: Win McNamee/Getty Images

CIA Director Gina Haspel threatened to resign in early December after President Trump cooked up a hasty plan to install loyalist Kash Patel, a former aide to Rep. Devin Nunes (R-Calif.), as her deputy, according to three senior administration officials with direct knowledge of the matter.

Why it matters: The revelation stunned national security officials and almost blew up the leadership of the world's most powerful spy agency. Only a series of coincidences — and last minute interventions from Vice President Mike Pence and White House counsel Pat Cipollone — stopped it.

Updated 13 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Coronavirus deaths reach 4,000 per day as hospitals remain in crisis mode — CDC warns highly transmissible coronavirus variant could become dominant in U.S. in March.
  2. Politics: Biden says, "We will manage the hell out of" vaccine distribution — Biden taps ex-FDA chief to lead Operation Warp Speed amid rollout of COVID plan — Widow of GOP congressman-elect who died of COVID-19 will run to fill his seat.
  3. Vaccine: Battling Black mistrust of the vaccines"Pharmacy deserts" could become vaccine deserts — Instacart to give $25 to shoppers who get vaccine.
  4. Economy: Unemployment filings explode againFed chair: No interest rate hike coming any time soon —  Inflation rose more than expected in December.
  5. World: WHO team arrives in China to investigate pandemic origins.