George Soros Scales up His Political Donations

George Soros is a renowned investor who was born in Hungary. He fled to London following the Nazi occupation. The billionaire is a graduate of the prestigious London School of Economics. To fund his education, Soros had to work as a railway porter and waiter. After graduating, George landed a job at a merchant bank. This way, he gained immense experience in the financial industry. Later, he moved to New York where he found his way to Wall Street. He gained immense knowledge and experience that enabled him to establish his own hedge fund. George invested $12 million in the hedge fund, which he later rebranded to Quantum Fund. In 1992, he bet against the British Pound generating a profit of $2 billion. To this end, George acquired the title “the man who broke the bank of England.” Today, Soros continues to invest through his corporation, Soros Fund Management, an organization that manages over $30 billion in assets. George Soros established the Open Society Foundations. Presently, Dawn Fitzpatrick, one of Wall Street’s reputable women, serves as the chief investment officer of Soros Fund Management. This information was originally reported on Forbes as provided in the following link https://www.forbes.com/profile/george-soros/

Over the years, Soros has funded different charitable activities. In addition, George had financially supported the Democratic Party and its causes. He is a vocal supporter of immigration reform, religious tolerance and criminal justice reforms. Through Soros Fund Management, George fund different organizations and initiatives that advocate for the issues that are dear to his heart. In 2004, George spent $27 million, the highest amount in his history of political donations, in an effort aimed at defeating President George W. Bush. For a while, the investor did not engage in political undertakings. However, in 2016, George Soros surfaced again as the leading donor of democratic politics. He spent over $25 million to support Hillary Clinton and other Democratic causes and candidates. His massive spending was motivated by his close relationship with Hillary Clinton, whom he has known for over two decades. Additionally, he of the opinion that the Republican Party and Donald Trump would not prioritize the issues of reforms. He posited that he would not be comfortable with Trumps presidency. Know more about George Soros on Investopedia.

George Soros’s donations inspired other liberal donors who signed big checks in support of Hillary Clinton. Some of these individuals include Tom Steyer, the San Francisco environmentalist, who donated $31 million to a super PAC that he manages. The New York hedge funder, Don Sussman, donated $13.2 million towards various campaigns and committees. Media moguls Haim Saban and Fred Eychaner donated a total of $22.2 million. Besides the massive financial support, George had planned to attend his first Democratic convention to witness Hillary Clinton accept her Democratic Presidential nomination. However, he did not grace the occasion due to his trading commitments in Europe. His willingness to support Hillary Clinton captures his fear of Donald Trump, a man he accused to be doing the work of ISIS by instilling fear in people. This information was originally mentioned on Politico as explained in this link http://www.politico.com/story/2016/07/george-soros-democratic-convention-226267