Democrat billionaire Tom Steyer has donated more than $20 million to candidates and outside groups to influence this year’s election, making him the top individual contributor in 2014. And that’s just a fraction of the $50 million Steyer has said he’s willing to spend.
The San Francisco-based environmental activist built his fortune through the Farallon Capital hedge fund he founded in 1986. As he was amassing his warchest, Steyer enjoyed close ties to the Democratic Party and one particular influential Californian: Nancy Pelosi.
Pelosi, the former House speaker who currently serves as Democratic leader, has used her Washington perch to boost some of Steyer’s projects with government aid.
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