In 2016, during the election period in the U.S., George Soros committed over $25 million to support Hillary Clinton’s presidential bid and other Democratic candidates. This information was retrieved from the records of Federal Election Commissions, as well as interviews with George’s associates. The American billionaire became an active political donor in 2004 when he went on a spending spree and contributed about $27 million to push for the defeat of President George Bush in 2004. Last year, he re-emerged and was among the top funders of Democratic politics.
The New York based businessman had planned to attend Democratic convention to witness Hillary Clinton accepts her nomination, but decided to cancel the trip because of other business related activities. During the entire campaign period, George had high hopes that Clinton would win the presidential race, according his close associates. According to his political adviser, Michael Vachon, George Soros has consistently been contributing funds to support various Democratic causes, but last year he was ready to spend even more.
Soros’ Financial Career
George Soros started to invest on Wall Street after moving to the U.S., and in 1969, he formed a hedge fund worth $12 million. Later on, the fund was re-named Quantum Fund, and today it is called Soros Fund Management. According to Forbes, the entrepreneur made $1.5 billion in 1992 for predicting that European currencies including British pound were rated too high against deustche mark of Germany. This venture made Soros very famous. Learn more about his profile at businessinsider.com
Open Society Foundation
Soros is the chairman of Open Society foundation, an organization championing for the rights of individuals, and holding governments to accountable. The organization is based in different parts of the world, where it sponsor various programs in Africa, Europe, Asia, Latin America, Middle East and the Caribbean. The organization oversees various projects including human rights initiatives, early childhood programs, scholarship programs, women rights programs, education support programs among others.
Soros’ Response on Donald Trump’s Win
After Donald Trump was declared the winner of U.S. presidential race, some activists pushed for vote recount in some states. Some conservatives who had heavily funded Clinton’s campaign include George Soros were believed to be supporting the movement. Until today, Soros continued to criticize Donald Trump presidency saying he is a dictator and lacks ability to lead a super power like United States of America. Read more at Politico about George Soros.
Early Life and education Background
George Soros was born in Hungary, in 1930, and he moved to England in 1947. He joined London School of Economics for his undergraduate degree and after completing his studies, he went to the United States in 1956. Today, George Soros is based in New York City where he has built a very successful career in the financial industry.