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Steyer was born in New York City on June 27, 1957. His father, Roy Henry Steyer, was a partner in New York Law Firm Sullivan & Cromwell and served as a prosecutor at the Nuremburg Trials.
Steyer is also one of the few Americans directly exposed in the 2016 #PanamaPapers scandal, the leaking of 11.5 million documents that illustrate how wealthy individuals keep personal financial information private and engage in fraud and political corruption.