George Soros Shows His Support for the Democrats
George Soros is a hedge fund investor from New York. Soros has featured in the headlines several times for his political ideals and also for his philanthropic activities. Soros has been involved in the political dynamics of many countries across the world. He has been an active participant in the eviction of dictatorial regimes. George Soros has a $1.3 billion fortune that gives him the power to influence the political situation of different regions and that helps him offer huge donations towards various causes. Read more on NYTimes.com.
The Background of Soros
Soros was raised in Hungary at a time when the Nazi forces were dominating the country. He was forced to flee the country and was able to fund his education by performing odd jobs. He pursued his studies at the “London School of Economics”. A couple of years later, Soros travelled to New York to work on Wall Street. He later established a hedge fund with a whopping $12 million and named it the Quantum fund. Soros is known for his investment efforts that are channeled through the “Soros Fund Management”.
George Soros has a soft spot for refugees owing to his early life experiences. In September 2016, he announced that he was going to contribute $500 million to firms established by European refugees and migrants. Soros has offered gifts to many organizations that support immigrants. There are reports that he, on a recent occasion, injected $3 million into a “Political Action Committee” whose motive was to rally Hispanics to vote.
Read his profile at Forbes.
Soros’ Involvement in Politics
In 2004, George Soros spend an amazing $27 million in an effort to topple the former U.S. president George W. Bush from presidency. In the hotly contested 2016 elections, Soros backed up the conservatives by donating over $25 million as financial assistance to Hillary Clinton and other candidates of the Democratic Party. He was further expected to inject more into the campaigns, according to the estimates of political experts. Although the 85 year old intended to attend a Democratic Convention to watch Clinton, he had to cancel his appearance because he was involved in active currency trading and wanted to keenly monitor the European markets
The “Federal Elections Commission” also reports that Soros contributed $2 million to an opposition PAC, “American Bridge 21st Century”. The PAC targets Trump and Republican candidates. Soros further contributed $5 million to a PAC dedicated to rallying Hispanic voters, the “Immigrant Voters Win”. Soros has also given an additional $5 million to another group, “The Voting Rights Trust” a non-profit organization aimed at fighting efforts to limit voting. “End Citizens United” is another PAC that has benefited from donations from Soros.
Reports say that Soros is determined to see Trump lose the elections to Clinton not because of the personal differences between the two but because he opposes most of Trump’s proposed policies.