George Soros was born in Hungary but left his country to study at the London School of Economics. In 1969, he established a $12 million hedge fund, which he later re-branded the Quantum Fund. Through Soros Fund Management, his family has assets worth $30 billion. The management fund’s investment portfolio is run by Dawn Fitzpatrick, a Wall Street prominent woman. According to the Politico, George Soros who is a billionaire investor made a comeback to his political giving after a long time of scaling back in 2004. He had suggested that he would never spend as much as he did during George Bush era and would instead concentrate on philanthropy work. Through his foundations, he has raised more than $13 billion for three decades and donated to nonprofits that fight to defend human rights, shape the democratic process in Eastern Europe and expand access to health care in the U.S and the world. Read more about George’s life story at biography.com.
Soros’ comeback was felt during the Hillary Clinton’s Campaign. According to his associates and the Federal Election Commission records, George was committed to donating more than $25 million, making him the leading donor of the Democratic politics. Close sources to George say that he was more politically engaged and motivated during last year’s elections than he has ever been in other years, the reason being that he had faith in Clinton and did not want Hillary’s rival Donald Trump to win the elections because they disagreed politically. Some of the issues that George Soros cares about are immigration reform, criminal justice reform, and religious tolerance. He has supported them for many years and did not like the hostility that they received from the other side. Several donors also donated including Tom Steyer, an environmentalist based in Francisco who donated $31 million to a super PAC he manages, Don Sussman who gave $13.2 million to various campaigns and committees, and media moguls Him Saban and Fred Eychaner, each donating $11.1 million. However, none of them had made more impact than George Soros. Visit bigthink.com to know more about George Soros.
George Soros has had a hand in funding some of the mobilization groups supporting the Hillary campaign. He donated $7 million to Priorities USA Action, a super PAC and was considering giving another $3 million. He also donated $2 million to an opposition research super PAC, American Bridge 21st Century. The group’s research targeted Trump and other Republican candidates. An additional $700,000 was spent in the assortment of Democratic Party committees, PACs, and campaigns. Another super PAC that Soros supported was Immigrant Voters Win, which was meant to increase the voters’ turnout in low-propensity Hispanic in the major swing States. The amount was $3 million. In 2005 launch of Democracy Alliance, a secretive club of the main liberal donors, George played a formative role. The Alliance sought to steer cash away from groups that fought short-term electoral battles and directing it towards the ones seeking to build intellectual infrastructure for long-term fights outside the Democratic Party.