George Soros is a revered investor. He is also known for his political giving. After spending $27 million in an effort to defeat President George W. Bush in 2004, Soros scaled back his political contribution. In the recent past, George reemerged to fund Democratic Party’s campaigns. According to the records shared by the Federal Election Commission, the billionaire donated over $25 million for purposes of enhancing Hillary Clinton’s campaigns and different Democratic candidates. The Hungarian-born New Yorker has known Hillary Clinton for more than 25 years. He had planned to attend the Democratic convention to watch Clinton accept her Democratic presidential nomination. However, Soros did not attend the convention because he needed to monitor the economic condition in Europe. People close to the shrewd entrepreneur contended that Soros was more politically engaged because of his faith in Clinton and dread for Donald Trump’s policies that stroke fear.
Some of the other leaders who donated towards liberal causes are Tom Steyer, a renowned environmentalist in San Francisco, Don Sussman, a respected hedge funder in New York, as well as Fred Eychaner and Haim Saban, who are media moguls. At one time, Soros donated $7 million to Priorities USA Action, a renowned super PAC that was supporting Clinton. According to filings made by FEC, the PAC was the biggest beneficiary of Soros’s largesse in that cycle. It is also believed that George donated an additional $3 million to the group. Moreover, FEC records indicated that Soros donated $ 2 million to an opposition research super PAC, American Bridge 21st Century. This institution was targeting Trump and different Republican candidates. In addition, George gave $700,000 to various PACs, campaigns and Democratic Party committees. As the campaigns continued, Soros committed $5 million to Immigrant Voters Win, a revered super PAC, to increase the turnout of Hispanic voters in various swing states.
According to an associate, the best investor committed $5 million to Voting Rights Trust, a nonprofit organization that focuses on fighting efforts that restrict voting.This group was partly run by Marc Elias, Clinton’s campaign lawyer. Moreover, Michael Vachon, Soros’s political adviser, posited that George had pledged to donate $ 2 million to America Votes, a popular voter mobilization group.George was born in Hungary. Owing to the Nazi occupation, Soros fled the country. He is an alumnus of London School of Economics. Notably, Soros worked on Wall Street before he incorporated his own hedge fund. The billionaire investor is the proprietor of Soros Fund Management and the Open Society Foundation. Over the years, the great philanthropist has supported different initiatives. During the apartheid in South Africa, George provided black students with scholarships to allow them to pursue higher studies at the university. Soros has enhanced democracy in different countries around the globe courtesy of the Open Society Foundation.