Hedge fund billionaire Tom Steyer spent $342 million on his personal presidential marketing campaign within the 2020 election, plus one other $73 million supporting left-leaning causes and voter-registration efforts. This 12 months, unsurprisingly, Steyer has donated far much less, simply $1.3 million, in response to a assessment of Federal Election Fee knowledge.
About three-quarters of that quantity has gone to his personal political motion committee, Tom Steyer PAC. The PAC had raised $2.1 million and spent about one-third of its funds on payroll taxes via June this 12 months, in response to FEC knowledge. Steyer gave one other $250,000 to his climate-focused PAC, Nextgen Local weather Committee.
He additionally gave $125,000 to the League of Conservation Voters super-PAC LCV Victory Fund in June, making him the second-largest particular person donor to the committee this 12 months, after fellow billionaire-turned-presidential-candidate Mike Bloomberg. Steyer additionally gave $5,800 to the marketing campaign of Senate Minority Chief Chuck Schumer (D-NY).
Steyer tends to rank atop the listing of largest Democratic donors yearly. By Forbes’ tally, he and his spouse Kat Taylor had been the second-largest billionaire spenders of the 2020 election. He declined to touch upon his spending plans for the 2022 midterm elections.