Democrat billionaire George Soros has once again become a strong financial supporter of Democrat candidates and other democratic causes. In 2016, George Soros has given more than $25 million to Hillary Clinton and other Democratic candidates running for office. Associates of George Soros believe he may be worth nearly $24.9 billion dollars, which has been made through currency trades.
George Soros was pretty quiet when it came to making financial contributions following the successful re-election of President George W. Bush. George Soros was expected to witness Hillary Clinton accept the Democratic nomination for president but had to cancel his trip because he wanted to monitor the financial crisis in Europe. George Soros has become more politically engaged because he believes in Clinton and is worried what Donald Trump would do to the country. George Soros has also said he believes that the political stakes are increasingly high.
George Soros has been praised for going all in for Hillary Clinton and working to defeat Trump. His actions have been seen as a good sign for Clinton. Democrats see George Soros as someone who can energize the other rich liberal donors. Soros has given more than $7 million dollars to a super PAC supporting Clinton. According to Politico, George Soros has also given $2 million to a super PAC that targets Trump and other key Republican candidates. Read this story about George at politico.com
George Soros has also promised $5 million to an organization that is attempting to counter Republican attempts at restricting voting. The organization known as the Voting Rights Trust, is run by Clinton’s lawyer Marc Elias. George Soros has also focused his spending on international organizations, giving more than $13 billion dollars over the last 30 years to organizations that protect human rights and provide access to health care and education to people all over the world and in the United States.
In 2005, George Soros launched a club made up of top liberal donors called the Democracy Alliance. It shifts the focus of donors from short-term battles to long-term fights such as income inequality and climate change, as well as combating the role of big money in politics.
George Soros was born in Hungary and escaped the country during the Nazi occupation. He started his own hedge fund in New York in 1969 and later rebuilt it as the Quantum Fund. According to Forbes, George Soros has hired one of Wall Street’s top women to be the CIO at Soros Fund Management. Read his profile at Business Insider.