George Soros – Philanthropy and Politics

George Soros is a famous name and cuts a familiar figure as an investor, philanthropist and business magnate. Soros, who some people consider to be among the most successful investors in the whole world, is a Hungarian –American born on August 12, 1930, in New York. Soros is the chairman of Soros Fund Management which is a family office that he founded after the much-publicized decision to close his hedge fund and return his capital to investors. During his impressive career, he was also known as “The Man Who Broke the Bank of England” because he shorted $10 billion of British pounds, a move that made him $1 billion in profits in the 1992 Black Wednesday UK currency crisis. Soros managed to amass an estimated at $24.9 billion via risky trades in currency.

Politics

George Soros is a great supporter of the American liberal and American progressive political causes. In 2004, the billionaire spent $ 27 million for the defeat of President George Bush. Due to the turn of events, he scaled down his giving but has since re-emerged no is a boogeyman for the conservatives. The Hillary Clinton political cause has been a significant beneficiary of his generosity as well because Soros has donated more than $25 million to boost her campaign as well as that of other candidates and causes of the Democratic Party. Soros has also been at the forefront of fighting for issues such as immigration reform, religious tolerance, and criminal justice reform. Other donations have included $7 million to a super PAC that supported Clinton known as Priorities USAAction, $2 million to American Bridge 21st Century which is an opposition PAC that targeted Donald Trump and other candidates from the Republican Party. There was also a $700000 donation to various Democratic Party committees, campaigns, and PACs. There is also a $ million commitment to immigrant voters, and that is dedicated to increasing the turnout among the low-propensity Hispanic voters who reside in the main swing states. The FEC records show that he had donated just $3 million. Soros also played a crucial role in the 2005 formation of a secret club of the main liberal donors known as the Democracy Alliance that sought to steer money away from al the groups fighting electoral battles on a short-term basis. Read more at Politico about George Soros.

Philanthropy

After dialing back on his giving in 2004, his philanthropic attention turned to the international foundations that have received about $ 13 billion over the last thirty years. Such nonprofits fight for human rights and work to influence the democratic processes in Eastern Europe positively. His organizations of choice also work to expand the access to education and health care within the US and in many other nations all over the world.

Visit cnbc.com to know more about George Soros.

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