Billionaires
Tom Steyer Net Worth
Thomas Fahr Steyer's Net Worth as of 2024
$1.6 Billion
Thomas Fahr Steyer was born on the 27th June 1957, in Manhattan, New York City USA, and is a hedge fund manager, philanthropist and environmentalist, noted as the founder of the investment firm Farallon Capital Management as well as one of the founders of the community development bank Beneficial State Bank. He has served as a member of the Executive Committee in the private equity firm Hellman & Friedman since 1986.
How much is the net worth of Tom Steyer? It has been estimated by authoritative sources that the overall size of his wealth is as much as $1.61 billion, as of the data presented in the middle of 2016. Hedge Funds and Farallon Capital Management are the main sources of Steyer’s fortune.
Tom Steyer Net Worth $1.61 Billion
To begin with, Tom was raised in Manhattan by his parents Marnie and Roy Henry Steyer, and was educated at the Buckley School and Philips Exeter Academy. He graduated with a Bachelor’s degree in Economics and Political Science from Yale University, and then with a Master’s degree from Stanford Business School, in which has subsequently served on the Board of Trustees.
Upon graduation, he pursued his professional career at the multi-national financial services corporation Morgan Stanley, then from 1983 to 1985 he was appointed at the multi-national banking firm The Goldman Sachs Group, in which he worked in the division of risk arbitrage with acquisitions and mergers. Afterwards, he became a member as well as one of the partners of the executive committee of the equity firm Hellman & Friedman. At the beginning of 1986, the businessman founded the investment firm Farallon Capital, which later became the main source of Tom Steyer’s net worth – by the time Steyer left the aforementioned company in 2012, it had $21.5 billion in assets under management. Steyer decided to leave the company with a view of focusing on advocating for alternative energy.
In addition to his career in business, Steyer has been active in political life since 1983, being one of the leaders and fundraisers of the Democratic Party. Tom Steyer is known to have won the push against changing of the electoral vote rules in California, in 2007. A year later, he was considered for the position of the Secretary of Treasury. He sponsored the ballot initiative known as Proposition 39, which modified the way out-of-state corporations to calculate the income tax burdens. He has been a fundraiser for President Barack Obama, Senator of Massachusetts Ed Markey, Governor of Virginia Terry McAuliffe and well as the candidate for the position of the President – Hillary Clinton.
Finally, in the personal life of Tom Steyer, he has been married to Kathryn Ann Taylor since 1986, and they have four children. Tom Steyer is well known for his philanthropic efforts. He raised the funds to support OneRoof business which brings technology to rural places of India. Alongside his wife, Steyer supported Beneficial State Bank, founded One Pacific Coast Foundation as well as the TomKat Ranch based in Pescadero, California. Since 2011, Tom has bee a member of the board of a non-profit organization Next Generation.
Billionaires
Mark Zuckerberg Net Worth
Mark Elliot Zuckerberg was born on 14 May 1984, in White Plains, New York State USA into a Jewish family. He is known for making billions of dollars at a very young age. However, even if a lot of people are jealous and sceptical about Mark, they should admit that not only does he deserve all that he has, but also respect and admiration for being smart and inventive. He has created a virtual empire which we all acknowledge nowadays: is there anyone in the world who has not heard of Facebook!
So how rich is Mark Zuckerberg? According to Forbes Magazine and Bloomberg’s Billionaires list, Zuckerberg‘s net worth is estimated at $56 billion as of early-2017, making him the seventh richest person in the world, up from 15th just nine months earlier. What strikes as most comic is that Mark has a salary of only $1 dollar per year as CEO of Facebook, however, that doesn‘t stop him from being a self-made billionaire, now head of a company ranked in the 10 largest in the world, valued at $275 billion.
Mark Zuckerberg Net Worth $56 Billion
Mark was indeed an ‘A’ grade student, apparently excelling in many subjects when at Ardsley High School, ranging from physics to classics. However, above Mark‘s interest in computers stands his father. He introduced Mark to computers and wanted him to take an interest in them. Edward Zuckerberg taught his son Atari BASIC programming and later hired a software developer to train Mark privately once a week. According to David Newman, the above-mentioned tutor, the kid was unbelievably talented and soon left his teacher standing and breathless. When Zuckerberg joined the community of Harvard University, he already had a reputation as a programming genius, because “Facebook” wasn‘t actually the first convenient and useful program he had developed. His works, such as Synapse Media Player, CourseMatch and Facemash received a lot of attention and popularity. Still they cannot rate with Facebook.
Unsurprisingly, a person who begins a world-wide revolution of communication faces a lot of problems, difficulties, intrigues and scandals. Mark was accused by his former friends, the Winklevoss twins, Cameron and Tyler, of stealing their ideas. The brothers actually dreamed of building a connection between all the students of Harvard University. As we all know now, Mark improved this idea by enlarging the range of people who were allowed to use this social network. So, the accusations were at least true in part and Zuckerberg was forced to give away 1.2m Facebook shares to them. Thus there‘s always a bright side of things – the company that Mark set up has made a lot of people wealthy, not just him alone.
Regardless, according to Vanity Fair magazine, Zuckerberg was the most influential person of the Information Age in 2010. That‘s surprising because a year before he ranked only at number 23 on the same list. What‘s more, not only does Vanity Fair consider Mark as the world‘s most influential in this relatively new industry, but also New Statesman. In 2010, they ranked him as number 16 in the top 50 of the world’s most important figures. “Facebook” is considered to be the biggest social networking website on the planet, used by people of all ages, sex or nationality. Zuckerberg is respected because all he had to create such a network were his ideas and fingers that instinctively knew what to press on a keyboard.
Even though Mark Elliot Zuckerberg lost all of his friends and it doesn‘t seem that he‘s ever going to regain them, he at least has a reliable source of income – Facebook, of course. All the other similar companies that Facebook has obtained recently such as Instagram, WhatsApp, and some more must also be taken into account.
In his personal life, Mark Zuckerberg married Priscilla Chan in 2012, having met her originally in 2002. Aside from his career, Mark is a noted philanthropist, particularly to educational projects. In 2010, he joined with Bill Gates and Warren Buffett in promising to donate half of his wealth to charity over time. In 2013 he donated shares valued at $990 million to the Silicon Valley Community Foundation, and the following year $25 million towards combating the ebola disease.
Billionaires
Gautam Adani Net Worth
Gautam Shantilal Adani was born on the 24th June 1962, in Ahmedabad, Gujarat, India and is a businessman, widely known as a founder and the chairman of the multinational conglomerate Adani Group. Adani has been active in the business of coal mining and gas distribution since 1988.
How much is the net worth of Gautam Adani? It has been estimated by authoritative sources that the overall size of his wealth is as much as $8.8 billion, as of the data presented in the middle of 2017. Adani Group is the main source of Adani’s fortune.
Gautam Adani Net Worth $8.8 Billion
To begin with, the boy with his seven siblings, was raised in Ahmedabad by his parents Shanta and Shantilal Adani. He was educated at the Sheth Chimanlal Nagindas Vidyalaya school, then entered Gujarat University to study commerce, yet he dropped out.
Currently, the billionaire Gautam Adani owns the largest brand of oil in India. The company was founded in 1988, with Gautam the founder and current president. He said he created his Group with a vision of Nation Building, that is to say by developing assets that he believes are important economic issues for the country. The Adani Group has grown rapidly by diversifying into import – export – it opened its own port in Mundra, to better control its trading operations. Construction began in 1995 and in 1998 it became one of the major sources of foreign exchange for India.
The following year, the company embarked on financial and energy speculation with coal trading, and soon created a joint venture (Adani Willmar) in the field of petroleum products trading in 2000. A second phase began for the group with the creation of large infrastructures. The company created a portfolio of ports, power stations, mines and a fleet of ships and railway lines in and out of India. In 2006, the company became the largest importer of coal in India – 11 million tons. Adani sought to be less dependent on the coal market, so he started to buy and control coal mines. Thus, he bought the Australian group Linc Energy, in order to supply the group’s coal-fired power stations. In 2008, he bought the Bunyu mine in Indonesia , with 180 million tons of coal reserves, and the following year, Adani Group became an energy company, producing 330 MW of thermal energy. In 2011, the group also decided to buy the exploitation rights of a large part of the Galilee coal basin in Australia. To prepare for the import of Australian coal, he ordered a large-capacity coal terminal at Mundra (the largest in the world) and in the same year he bought the Australian port of Abbot Point. This project is yet to come to fruition.
In 2012, the Group began a 3rd phase of development as integration infrastructure, renewing its logo and developing a new identity. The company focuses on three areas: resources, logistics and energy. Subsequently, under the direction of Gautam Adani, the Adani Group became a multinational conglomerate active in the production of electricity – especially through coal – and port terminals, logistics and agribusiness. It is India’s largest developer and port operator. The Group is the major source of Gautam Adani’s net worth.
Finally, in the personal life of Gautam, he is married to Priti and they have two children.
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