After 2004, when his preferred candidate lost to the former US president, George W. Bush, George Soros seemed to have got his hands off national politics. The self-made billionaire spent about $27 million on Bush’s opponent. No one has spent this much amount on their preferred candidate before.
Soros’ indulgement in 2016’s elections has so far caught many by surprise. What is even more astonishing is the fact that he seems to be spending more on the Democratic Party campaigns on nytimes.com, and more specifically, Hillary Clinton. Way before the elections, the investor had spent over $25 million. He had donated part of it and pledged others. The Federal Election Commission confirmed this, while sources close to the billionaire state that he is expected to donate much more. What might have been the cause for Soros’ reemergence?
To begin with, Clinton and George Soros have been known to have friendship ties, sharing a relationship that has lasted for over 20 years. Secondly, the Democratic Party flag bearer is pushing for reforms that resonate with Soros’ ideologies. Donald Trump’s perspective on reforms such as the criminal justice reform, the immigration reform, and religious tolerance are all against Soros’ will. With Trump being the Republican party’s flag bearer, Soros’ finds all the reasons to support Clinton. Finally, Soros has never been on the same page as Trump. At one point, he was caught stating that Trump’s was of managing businesses is similar to the way ISIS manages its activities.
Nevertheless, the fact that Soros is Clinton’s main funder should be a cause for alarm for Trump’s campaign team. What will even worry Trump is that Soros seems to be more engaged politically this time more than ever. His support for Soros is hugely evident. In fact, to show this, he had planned to attend the Democratic Party Convention on Time.com, a forum in which Clinton was set to accept her nomination as the preferred presidential candidate for the Democratic Party. He, however, didn’t manage to do so. Sources close to the billionaire explain that this was because the investor had gone back to active trading, and had opted to stay in Europe so as to monitor his activities closely.
About George Soros
The investor has two foundations under him; Soros Fund Management, and the Open Society Foundation at http://www.theatlantic.com/magazine/archive/1997/02/the-capitalist-threat/376773/. He established them with the aim of putting together his fellow rich investors so they could help in certain areas such as education, and the needy communities. His philanthropic work has seen him donate up to $7 billion since 1979, through the Open Society Foundation. He is also a writer, with his articles focusing mainly on politics, economics, and society.
George Soros was born in Budapest, Hungary, before moving to Europe after being affected by the Nazi Occupation. He studied in Europe, where he acquired different academic credentials on project-syndicate.org, including an economics degree, before he moved to settle in the United States. This was in 1956. Soros went on to indulge in various businesses that enabled him to amass the fortune he currently has.