tom steyer: good morning. betty: tonight on "titans at the table" -- this place is gorgeous, it really is. i will be chatting with billionaire businessman turned environmental activist tom steyer. tom steyer was born and raised in the financial capital of the u.s., new york city, but chose to open his investment firm farallon capital management in san francisco. he founded the company in 1986 with $8 million, and by the time he stepped down in 2012, he he stepped down in 2012, he had -- by the time he stepped down in 2012, he had turned the initial investment into $30 billion, making farallon the fourth-largest hedge fund in the world. his personal fortune is an estimated $2.6 billion. not satisfied with retiring on the golf course, steyer reinvented himself as an environmental activist, even funding and starring in a series of public service announcements. tom: i am tom steyer. each week, we are taking a look at the keystone xl pipeline proposal. betty: steyer believes building the pipeline will escalate the

betty: when we return, tom steyer's paradise.ning this huge ranch, how is it different from running a $20 billion hedge fund? ♪ betty: the northern california coast is one of the most picturesque places in the united states, so it is no wonder this is where the billionaire tom steyer spends his free time. just a few miles inland from the pacific is the 1800 acre ranch steyer and his wife katherine taylor bought in 2002. only an hour away from san francisco, it is a world away. buying this ranch, was that your idea or your wife's idea? tom: i think you can blame my wife for that one. originally we bought it because the land was so misused. you could dump stuff if you paid the fee. there had been a dea raid. betty: why? tom: i think they were growing dope. betty: running this huge ranch, how is it different from running $20 billion hedge funds? tom: i can tell you how it is the same and how it is incredibly different. [laughter] it's the same in that you think it looks like an asset, but it is actually dramatically changed by the p

tom steyer: good morning.tonight on "titans at the table" -- this place is gorgeous, it really is. i will be chatting with billionaire businessman turned environmental activist tom steyer. tom steyer was born and raised in the financial capital of the u.s., new york city, but chose to open his investment firm farallon capital management in san francisco. he founded farallon in 1986 with $8 million, and by the time he stepped down in 2012, he turned the initial investment into $30 billion, making farallon the fourth-largest hedge fund in the world. his personal fortune is an

i will be chatting with billionaire businessman turned environmental activist tom steyer.r was born and raised in the financial capital of the u.s., new york city, but chose to open his investment firm farallon capital management, in san francisco. he founded farallon in 1986 with $8 million, and by the time he stepped down in 2012, he turned the initial investment into $30 billion, making it the fourth-largest hedge fund in the