George Soros is considered to be one of the wealthiest individuals in the United States. He was born in Hungary and later moved to the US. The billionaire is known for his charitable giving, especially to humanitarian causes in the community. George Soros is also one of the individuals who fund political campaigns in the country.
In 2004, George Soros spent more than twenty-seven million dollars trying to defeat President George Bush. After the campaign, Soros went quiet on political activities. This year, the billionaire has reemerged as one of the leading funders of the Democratic Party. Soros is also one of the primary boogeymen for the conservatives.
At the beginning of the year, George Soros committed at least twenty-five million dollars to boost the Democratic presidential candidate, Hillary Clinton, and other Democratic causes. The Federal Election Commission records show that most of the money has already been donated. Close associates and some of the prominent Democratic fundraising operatives say that they expect the billionaire who recently amassed a massive fortune of twenty billion in the currency trade to give more funds as the election date nears.
The billionaire is currently based in New York, and he had earlier planned to attend one of the Democratic conventions where Hilary Clinton would accept her presidential nomination on project-syndicate.org. Clinton and Soros have a twenty-five-year-old relationship, and the billionaire wanted to witness the occasion. His associates, however, say that the trip was canceled at the last minute because the billionaire had just returned from active trading, and he needed to monitor the economic climate in Europe.
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Individuals who are close to Soros say that this year, he is more politically engaged than ever. This is because the billionaire has a lot of faith in Clinton, and he is against Donald Trump candidacy on Investopedia. Soros has accused Trump of doing the work of ISIS because he is stoking fears among the Americans.
Michael Vachon is the political advisor to George Soros, and he says that this time, his boss has always been a consistent donor to the Democratic causes. However, this year, the political stakes had proved to be extremely high. Michael says that the stakes were high before Trump’s nomination. According to Vachon, the other side was very hostile to the issues the billionaire cares about such as criminal justice, immigration reform and religious tolerance.
The decision by George Soros to fund the Democratic political campaigns is an excellent sign for Clinton. Experts in the country believe that Soros donations will catalyze giving from other wealthy activists in the country. Apart from George Soros, other elite individuals in the country are already stroking their big checks. Tom Steyer has given thirty-one million for the campaigns so far.