The Guardian · California · Original story
A ‘tax-the-rich’ billionaire candidate? Democrats are intrigued
Tom Steyer has built his campaign for governor of California around affordability – he’s not the only Democrat testing the party’s appetite for a populist from the 1%
Tom Steyer has built his campaign for governor of California around affordability – and taxing the uber-wealthy.
It is perhaps an unusual message for a candidate with an estimated net worth of $2.4bn. But the hedge fund founder turned climate activist and liberal mega-donor is pitching himself as a different kind of billionaire: one who wants people like him to pay far more in taxes.
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Lauren Gambino in Los Angeles · Sun, May 17, 2026, 8:06 AM
California | The Guardian
Tom Steyer has built his campaign for governor of California around affordability – he’s not the only Democrat testing the party’s appetite for a populist from the 1%
Tom Steyer has built his campaign for governor of California around affordability – and taxing the uber-wealthy.
It is perhaps an unusual message for a candidate with an estimated net worth of $2.4bn. But the hedge fund founder turned climate activist and liberal mega-donor is pitching himself as a different kind of billionaire: one who wants people like him to pay far more in taxes.
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