# Tom Steyer Billionaire hedge fund manager, climate activist, and former 2020 presidential candidate, now a **2026 candidate for Governor of California**. Founded Farallon Capital Management (one of the largest hedge funds in the world) before pivoting to political activism, spending over $300 million on progressive causes through NextGen America — including the "Need to Impeach" campaign targeting Trump and major youth-voter registration drives. Steyer competes in the open-seat California gubernatorial jungle primary against [[Katie Porter]], [[Eric Swalwell]], Toni Atkins, Xavier Becerra, and Antonio Villaraigosa. His self-funding capacity makes him a factor regardless of polling position. ## Related - [[2026 Governor Races Hub]] · [[2026 Midterms Hub]] - [[Katie Porter]] · [[Eric Swalwell]] — D primary rivals in California governor's race - [[Dark Money]] — context for mega-donor political spending