Mogul George Soros Makes a Grand Comeback to Politics

George Soros returned as a leading donor of the Democratic Party politics. This was after his unprecedented spending spree of $27 million, in 2014, which aimed to defeat President George W. Bush. Soros donated over $25 million to boost Hillary Clinton, a Democratic presidential nominee, and the other candidates of the party. Moreover, George Soros has a 25-year relationship with Hilary Clinton. Soros’s contributions encouraged the rich activists of the left to participate in donation programs. For instance, Tom Meyer, an environmentalist from San Francisco donated $31 million in 2016 whereas Don Sussman, a New York hedge funder, donated $13.2 to several campaigns. These contributions helped Hillary’s campaign to establish a massive financial advantage over Donald Trump. George Soros gave $7 million to Priorities USA Action, a super PAC supporting Hillary Clinton. Additionally, he planned to give out an extra $3 million to the group. Further, Soros donated $2 million to an opposition research super PAC called American Bridge 21st Century, which was targeting the Republican candidates, including Donald Trump as well as Democratic Party committee, campaigns, and PAC, including Hillary’s party.

The Generosity of George Soros

George Soros donated $5 million to Immigrant Voters Win, a super PAC dedicated to increasing Hispanic voters during the election period. Furthermore, he gave an extra $5 million to, the Voting Rights Trust, a nonprofit group mandated to fight conservative efforts that restrict voting. Soros committed $2 million to America Votes, a voter mobilization group. The group is discreet with the donors’ identity. George Soros decide to focus on a different section of his philanthropic acts after his political involvement in 2004. He dedicated his attention to his foundations, which have contributed over $13 billion to other nonprofits aiming to shape the democratic process in Eastern Europe and defend human rights. In 2005, Soros was involved in launching a secretive club of chief liberal funders called the Democratic Alliance. The club aimed to divert funds from groups fighting the short-term electoral battle to those that established intellectual structures for long-term campaigns. Additionally, Soros committed $5000 to a PAC group called End Citizen United where Hillary Clinton is a member.

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A Closer Focus on George Soros

George Soros fled his country, Hungary, to settle in London. He studied at the renowned London School of Economics while working on a part-time basis as a railway porter and waiter. Soros later joined a merchant bank where he worked in the finance division. After a while, he relocated to New York and began working on Wall Street. In 1969, Soros established his hedge fund with $12 million, which was renamed the Quantum after some time. Further, Soros collaborated with Druckenmiller to short the British pound, in 1992 and became the man who broke the Bank of England. Furthermore, George Soros is still a mogul investor through his family office called Soros Fund Management, which has $30 billion under asset.

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