George Soros, the philanthropist, hedge fund manager, Hungarian immigrant/war survivor and multi-billionaire, is back in the political arena, according to Politico. Soros, who is said to be worth $24.9 billion, stepped back from political activity during the Obama years, after making a multi-million dollar contribution in 2004 to groups fighting the re-election of then-president George W. Bush.
Stepping Back Into the Game
After this lengthy break, George Soros came back into the political arena in July of 2016 with a major contribution to backers of Hillary Clinton’s presidential campaign. Soros was said to be motivated by not only his long relationship with Clinton (who he firmly believed would be elected president), but also by his distrust of Trump. According to Politico, Soros has been quoted as saying that Trump’s bigoted campaign is actually “doing the work of ISIS.” It was rumored that Soros was planning on attending the democratic convention last summer (for the very first time), but he ultimately wasn’t able to attend. Despite this, there’s no doubt that Soros was deeply invested in the outcome of the campaign. Visit Project Syndicate to learn more about George.
A Game-Changing Political Upset
With Trump’s upset victory over Clinton, political watchers are now waiting to see how much or how long Soros’ political involvement with last. Though he’s now 85, Soros has always shown an amazing ability to surprise those who might underestimate him. Soros’ entry into the political arena is also of interest to those involved in left-leaning political activity, as Soros has long had the ability to work as a catalyst for other large political donors.
Though Soros’ success as a financier and currency trader is indeed one-of-a-kind, there’s no doubt his life as an immigrant and war survivor also fuel his political passions. It will be interesting to note how much more engagement we can expect from the always unpredictable George Soros. Know more on cnbc.com about George Soros.