George Soros returned to the political scene with bang. The hedge fund billionaire reignited his political presence by donating over $25 million to Hillary Clinton and other liberal Democratic candidates. His return to active politics followed a long silence after his previous attempts to unseat President George W. Bush by funding his rival. During the 2004 elections, George contributed more than $27 million to the Democratic campaigns.
The money donated by George Soros during last year’s elections was used to finance Hillary Clinton’s campaigns to every corner of the United States. It would also be used to fund the campaigns of other Democratic candidates who were facing stiff competition from the Republicans. This information was obtained from the Federal Election Commission records. Soros is estimated to be worth $24.9 billion. He has managed to get his fortune by engaging in risky currency trades. His first major win against a currency was in the early 90s when he bet against the British pound. From the trade, George made over one billion dollars in profit. The 85-year-old Hungarian-born New Yorker has gone on to undertake many similar trades. Read this story at Politico about George Soros.
Soros and Hillary have known each other for over 25 years. Due to this long relationship, the billionaire had planned to attend his first-ever Democratic convention to watch the presidential hopefully give her first acceptance speech. However, the hedge fund expert decided to cancel the trip at the last minute to keep a keen eye on the economic situation in Europe. In addition, Soros has also been involved in the verbal attack of Clinton’s opponent, Donald Trump. In his interview at the World Economic Forum, he accused President Trump of ‘doing the work of ISIS’ through his speeches and policies. The trader notes that spreading fear among Americans was proof that Trump was not ‘qualified’ to lead the free world. According to the billionaire’s spokesman, Michael Vachon, his involvement in politics was necessitated by the exceptionally high stakes in last year’s elections. These stakes were caused by several issues such as Trump’s candidacy, world economic situation, and ISIS. Vachon added that the philanthropist has remained a staunch supporter of immigration reform, religious tolerance, and criminal justice reform. Know more on investopedia.com about George Soros.
George Soros was one of the key funders of the Ferguson protests. He hoped that the protests would help spur a civil action that is in line with his justice reform ideas. The billionaire funded the ‘hands Up, Don’t Shoot’ campaign. The protests resulted from the death of Trayvon Martin. The young adult was fatally shot by the police. Soros funded the campaigns to the tune of $33 million. This is according to the tax filings reports made by his Open Society Foundations. The money was channeled to already established charity groups that participated in the protests. This information was originally mentioned on Washington Times as elaborated in the link below http://www.washingtontimes.com/news/2015/jan/14/george-soros-funds-ferguson-protests-hopes-to-spur/