Billionaire Steyer Loses California Governor Bid Despite $215 Million Spending Blitz

Tom Steyer, the hedge fund billionaire turned climate activist, has committed to giving away his money. Over the past seven months, he pared down his vast fortune by spending more...

By Eliyahu Kamisher · Bloomberg Markets

Tom Steyer, the hedge fund billionaire turned climate activist, has committed to giving away his money. Over the past seven months, he pared down his vast fortune by spending more than $215 million on an unsuccessful bid for California governor.