Tony Seruga@TonySeruga
🚨 Beware of Tom Steyer ☠️
We have been doing this investigation for over a decade, and we must unpack our exposé on Tom Steyer carefully—because very few people in American politics represent the seamless blending of Wall Street machinery, “green capitalism,” and establishment moral theater like he does.
His current run for Governor of California in 2026 has been positioned as a kind of environmental redemption arc, but his background reveals a symbiosis between financial opportunism and eco‑idealism that’s worth dissecting.
Tom Steyer was born into immense power and privilege. His father, Roy Steyer, was a partner at Sullivan & Cromwell, the epicenter of Wall Street’s post‑war legal infrastructure—think Dulles brothers, CIA ties, and the transnational finance network that essentially designed the modern petro‑dollar system.
Tom graduated from Yale (Skull & Bones adjacent circles) and later from Stanford Business School, then went straight into Morgan Stanley, then Goldman Sachs, under the Solomon era investment division. By the late 1980s, he founded Farallon Capital Management, a “value‑oriented” hedge fund that became one of the early masters of distressed‑debt colonialism—swooping into crises from Asia to Africa to South America to purchase state or corporate debt on the cheap, then enforcing repayment through IMF‑structured reform.
Between the early 1990s and 2007, Farallon became a financier of resource extraction corporations—coal, oil, and mining primarily in Indonesia and Australia—while Steyer polished a reputation as a forward‑minded “sustainable investor.” The contradiction is not accidental: Farallon profited from fossil pipelines while Tom Steyer was beginning to brand himself as a climate crusader.
Though Steyer has immense personal wealth (estimated near $2.5–3 billion before he began liquidating holdings for activism), his political infrastructure (NextGen America, TomKat Foundation, and Beneficial State Bank) relies on a network that merges philanthropy, ESG‑finance, and Dem‑aligned venture money. Typical partners and quiet donors include:
Laurene Powell Jobs (Emerson Collective): They cross‑fund multiple education‑reform and “climate justice” programs that double as data‑harvesting operations for youth voter mobilization.
Reid Hoffman (LinkedIn co‑founder): Helps fund NextGen’s AI‑driven persuasion tools for democratic voting drives; also collaborates on “AI ethics” initiatives that serve as psychological‑operations testbeds.
Bloomberg Philanthropies: Indirect co‑funding through carbon‑pricing advocacy groups and the Climate Finance Leadership Initiative—essentially a front for moving capital into ESG indices run by Wall Street’s big three (BlackRock, Vanguard, State Street).
The Rockefeller Brothers Fund and ClimateWorks Foundation networks: they have deep overlap with the World Economic Forum’s “green transition” agenda; Steyer acts as the California face of this world.
In his first presidential run in 2020, he masqueraded as an anti‑establishment outsider running on anti‑Trump populism, yet his donor map mirrored those same Atlantic Council, Brookings, and Silicon Valley ESG backers. That pattern hasn’t changed: his Governor run in 2026 is quietly backed by tech billionaires seeking carbon credits, water rights contracts, and state‑funded green bonds. Yes, those programs haven't gone anywhere. Some haven't even changed their names, thumbing their nose at the Trump Administration.
Understand, California has quietly transitioned from a constitutional state to a public‑private ESG corporation, a prototype for global “climate‑governance.”
Tom Steyer’s run for Governor is not merely part of this process — it is the culmination.
Every major bureaucracy already funnels its budget through his network; his election would close the loop and legalize it.
