Billionaire Tom Steyer drops $12 million to support November redistricting ballot measure

Los Angeles Times ^ | Oct. 9, 2025 6 AM PT | Seema Mehta

[E. Pluribus Unum]

• Billionaire Tom Steyer pledges $12 million to support Proposition 50, which could give Democrats five more congressional seats in California.
• Charles Munger Jr. has donated $32 million to the opposition, arguing that the measure undermines California’s voter-approved independent redistricting commission.

As California voters receive mail ballots for the November special election, which could upend the state’s congressional boundaries and determine control of the House, billionaire hedge-fund founder Tom Steyer said Thursday he will spend $12 million to back Democrats’ efforts to redraw districts to boost their party’s ranks in the legislative body.

The ballot measure was proposed by Gov. Gavin Newsom and other California Democrats after President Trump urged Texas leaders to redraw their congressional districts before next year’s midterm election. Buttressing GOP numbers in Congress could help Trump continue enacting his agenda during his final two years in office.

“We must stop Trump’s election-rigging power grab,” Steyer said in a statement. “The defining fight through Nov. 4 is passing Proposition 50. In order to compete and win, Democrats can’t keep playing by the same old rules. This is how we fight back, and stick it to Trump.”

Steyer’s announcement makes him the biggest funder of pro-Proposition 50 efforts, surpassing billionaire financier George Soros, who has contributed $10 million to the effort.

Steyer founded a hedge fund whose investments included massive fossil fuel projects, but after he learned of the environmental consequences of these financial decisions, he divested and has worked to fight climate change. Steyer has spent hundreds of millions of dollars supporting Democratic candidates and causes and more than $300 million on his unsuccessful 2020 presidential campaign.

Steyer plans to launch a scathing ad Thursday night that imagines Trump watching election returns on Nov. 4 and furiously throwing fast food at a...

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TOPICS: Politics/Elections
KEYWORDS: 1partyrule; 3rdworldelections; ballots; charlesmunger; charlesmungerjr; latimes; mail; mailballots; onepartyrule; seemamehta; terroristfunding; thirdworldelections; tomsteyer

[kaktuskid]

What does Steyer own?

[ptsal]

https://en.wikipedia.org/wiki/Tom_Steyer

[rktman]

A lot apparently. Burn a tesla to show him who’s boss. Or something.

[Republican Wildcat]

How much has he contributed to reforestation and land reclamation projects? Anywhere near what he has spent on political campaigns? He claims he’s in it for the environment - and he could voluntarily use his wealth to actually clean up areas with environmental damage and it would be substantial with that kind of money. But methinks he has spent far more on “environmental causes” rather than actual environmental improvement.

[Republican Wildcat]

The people who did that claim they are against releasing toxic greenhouse gases into the air but then set fire to buildings and cars, releasing substantial pollutants into the atmosphere - more in one act than most people would produce in an entire lifetime.

[rktman]

Pretty ironic huh?

[Harpotoo]

Better to fight at the voting booth than in the streets.

[avital2]

thank you, Mr.Munger!

[If You Want It Fixed - Fix It]

I gave the same amount, 12 bucks. Big whoop.