Soros got off the limelight after 2004, after his rebellion against Bush’s reelection to White House failed. Everyone thought that his unprecedented spending on Bush’s opponent on Biography would ever be matched, having spent just over $27 million.
Many have been caught by surprise by the sudden reemergence of the profound investor. The elections are still far from near, yet the billionaire has already donated and pledged over $25 million towards the Democratic Party on Time, and most importantly, Hillary Clinton’s candidacy. This report has been confirmed by the Federal Election Commission, and sources close to the Hungarian.
George Soros made his immense fortune by participating in some risky traders, risks that paid off. The billionaire’s wealth is estimated to amount to $24.9 billion. He teamed up with other billionaires to form the Open Society Foundation, a group dedicated to donating money to courses they believe in. To fund the Democratic Party, the philanthropist has teamed up with other wealthy personalities, including Tom Stayer, Haim Saban, and Don Sussman.
Soros’ decision to back Clinton doesn’t come as a surprise. After the 2008 Democratic Party nominations, in which Barack Obama had beaten Clinton, Soros expressed his regret to have supported Obama. This gave a hint that given the opportunity to rights his wrongs, he would do so. Secondly, Clinton has had a strong relationship with Soros for close to 25 years. Furthermore, Soros has been known to be against the policies of the Republican’s leader, Donald Trump. This is partly due to the different in ideologies that the two share. Soros has been known to campaign for immigration reforms, religious tolerance, and criminal justice reforms, which Trump is against. The investor, at some point, compared how Trump managed his businesses to how ISIS runs its activities.
To show his solemn support for Clinton’s candidacy, George Soros had promised to attend the Democratic Party Convention, an event which was to see Clinton accept her nomination to be the presidential candidate for the Democratic Party. He, however, failed to attend the convention since he opted to stay in Europe and handle his trading activities that had been affected by the financial situation in Europe. Michael Vachon, the political advisor of Soros, however reassures that Soros is in full support of Clinton.
About George Soros
Soros’ philanthropic work is unmatched. Over the years he has been in business, he has donated a sum total of $7 billion through the Open Society Foundations, a group he founded for charitable reasons. This foundation on http://www.nytimes.com/topic/person/george-soros works to improve education, justice, businesses, and to promote the rights of independent media. His philanthropic work started in 1979, with him making donations towards helping black students, helping them to join Cape Town University.
Soros has made it clear that he feels obligated to contribute towards matters of national politics due to his superior financial status. This, according to him, puts him in a position that others can’t reach. It makes him a bit more independent than other people. With this much influence, Soros is in a place to tackle issues that are considered controversial by most people.