Suffice to say there aren’t many billionaires crowding the podium at the Democratic National Convention this week to offer full-throated endorsements of President Obama while excoriating Republican nominee Mitt Romney.
Then again, San Francisco hedge fund titan Tom Steyer, who addressed the convention on Wednesday, is not your typical billionaire.
Reported by Todd Woody, Forbes Staff, the founder of Farallon Capital Management, Steyer, 55, had long been a high-giving Democratic donor and philanthropist who kept an exceedingly low profile, as my colleague Kerry Dolan wrote last year. That changed in 2010 when he led a campaign that defeated a California ballot measure backed by the Koch brothers and the oil industry that would have gutted the state’s landmark global warming law.
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