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

Updated 57 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 10:30 a.m. ET: 20,388,408 — Total deaths: 743,599— Total recoveries: 12,616,973Map.
  2. U.S.: Total confirmed cases as of 10:30 a.m. ET: 5,150,590 — Total deaths: 164,681 — Total recoveries: 1,714,960 — Total tests: 63,252,257Map.
  3. Business: U.S. already feeling effects of ending unemployment benefits — U.S. producer prices rose last month by the most since October 2018.
  4. Public health: America is flying blind on its coronavirus response.

Trump congratulates QAnon conspiracy theorist on GOP runoff win

Photo: Brendan Smialowski/AFP via Getty Images

President Trump on Wednesday tweeted congratulations to Marjorie Taylor Greene, a vocal QAnon conspiracy theorist who won the Republican nomination in Georgia's deep-red 14th Congressional District runoff.

Why it matters: The president's approval illustrates how the once-fringe conspiracy theory has gained ground within the GOP. Greene is among the at least 11 GOP candidates for Congress who have openly supported or defended the QAnon movement or some of its tenets, per Axios' Jacob Knutson.

Ben Geman, author of Generate
2 hours ago - Politics & Policy

What Kamala Harris means for Biden's climate change plans

Photo illustration: Aïda Amer/Axios. Photo: Joshua Lott/Stringer.

Sen. Kamala Harris' VP selection could heighten the ticket's focus on environmental justice while prompting fresh Trump campaign political attacks on Democrats' energy plans.

Why it matters: Her introduction comes in an election year that has seen more emphasis on climate change than prior cycles. One effect of the movement ignited by the police killing of George Floyd is a new focus on environmental burdens that poor people and communities of color face.