George Soros was born in Hungary in 1930. The founder of Soros Fund Management is a great philanthropist in the America politics. George Soros runs the Open Society Foundation to support democratic causes and human rights. He studied Economics at the London School of Economics. Soros has worked as a stock analyst and trader in New York where he gained his confidence and management skills.
George Soros is reemerging again as the leading financier of the Democratic politics after failing in 2004 to overpower President George W. Bush. This influential investor has committed or donated $25 million to promote Democratic candidates and Hillary Clinton. Reports from his associates confirmed that Soros was going to give more money before the Election Day. The Hungarian-born and a New Yorker citizen had prepared to attend the Democratic convention to witness Clinton win the presidential nomination. The 85-year-old was unable to attend the conference due to the tight nature of his businesses in Europe.
However, his acquaintances say that Soros seems more politically conscious than he was years ago. His faith in Clinton and fear that Donald Trump was not competent for the seat are his motivate. Michael Vachon, who is an adviser to this businessman, testified that his boss is a consistent donor to the liberal causes and activities, but this year the stakes are remarkably high.
George Soros turned on cash spigot to defeat Trump as seen in the Democratic finance circles. The growing effect of these mobilizations assisted Clinton in building a humming campaign machine that was to dwarf Trump. By the end of June, he had made donations amounting to$7 million to the super PAC that was supporting Clinton. Soros went ahead and gave $2 million to the American Bridge21st Century and$700,000 to numerous Democratic Party committees, campaigns, and PACs.
The philanthropist has donated $ 5 million to go to the super PAC Immigrant Voters Win who aim at increasing the number of voters in the key swing regions. The FEC reports indicate that he gave only $3 million by June. He has committed $5 million to another nonprofit movement that fights constant efforts to confine voting.
The current donating motivations and pattern look similar to 2004 when he was against some of Bush administration strategies and the Iraq war. He granted $27 million to the liberal groups to boosts John Kerry. This act made Soros a target of personal attacks from opposition politicians and media outlets. The humanitarian restructured his spending pattern and started giving out for charity.
He shifted his philanthropic attention to his international foundations and started funding non-profitable associations to improve health, education, and defend the human rights. Diversifying his wealth helped in balancing the outside resource scales. In 2005, the bighearted developer launched a secretive club of Democracy Alliance to bring the liberal donors together.
George Soros argued that Trump could win the popular vote in November, but Clinton shall be the ruling president of the US. After the election, he teamed up with other influential liberals who supported Clinton to fight against Trump. The movement believes that the elections were rigged.