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.
When it comes to American politics, one of the most influential people, especially when it comes to democratic and progressive causes, is Billionaire George Soros. George Soros is a businessman, activist, investor, philanthropist, and one of the richest people in the world. He runs Soros Fund Management, where he created the most successful hedge fund in history, with just a twelve million dollar investment. Soros was born in Hungary, during the Nazi occupation. He and his family fled Hungary and became refugees in England. He was able to work his way through the London School of Economics. It was his work that then took him to the United States where he founded his company, his hedge fund, and created his fortune. Read more on Snopes about George Soros.
Soros is a big supporter of refugees around the world since he understands what they are going through, having been one himself when he was young. He had pledged to invest five hundred million dollars in refugees. He wants to invest in their businesses and ideas and get them off the ground. Investing in their businesses helps them get started and thrive in their new countries. Refugees have much to offer their new countries if just given the chance to be successful. He also is a supporter of organizations that work with minorities to get out the vote and involve them in the political process.
To facilitate his philanthropic work, he founded the Open Society Foundation. The foundation’s main goal is to support and encourage open democracies around the world. These democracies need to be accountable to their citizens, giving the power to the people and their needs. The foundation currently operates in over seventy countries and has almost two billion dollars in assets. The foundation gives out about six hundred million dollars each year and has given out over four billion dollars since its inception.
George Soros is one of the most influential donors to the Democratic Party. He gives money and resources to campaigns, candidates, organizations, and causes in the progressive and democratic caucus, thus giving him significant power in the political sector. He is a big supporter of single payer healthcare. He supports Health Care For America Now, which is a network of organizations that support socialized medicine. Since a public option does not need to prove a profit, private insurance would become obsolete, and therefore bring the cost of health care down for everyone. Not to mention the belief that everyone should have access to healthcare, regardless of their ability to pay. His foundation supported many of the organizers of the “Women’s March on Washington,” which was a protest of the agenda and policies that the newly elected President of the United States, Donald Trump, was bringing with him to Washington. Visit projectsyndicate.com to know more about George.