After spending $27 million in 2004 to fight against the election of George W. Bush as President, George Soros has maintained a low profile. However, Soros has reemerged as the top donor of Hillary Clinton’s presidential campaigns. According to the records held by the Federal Election Commission, the billionaire investor has committed more than $25 million to support Hillary Clinton as well as other Democratic candidates and related events. This information has also been reiterated from an interview with George Soros’ associates. George Soros failed to attend Hillary Clinton’s Democratic Presidential nominations as planned. This is because of the urgent need to monitor the state of economy in Europe. The active trader has known Clinton for over 25 years.
George Soros’ active participation in the 2016 politics is driven by his deep faith in Clinton and the fear of being ruled by Donald Trump, a man he once compared to ISIS. As a traditional supporter of immigrants, religious tolerance and criminal justice, George is motivated to donate more towards Democratic causes to ensure that these fundamental issues are safeguarded. His political adviser, Michael Vachon, explained that this year, the stakes were high. This situation prompted George to be actively engaged in politics, way before Donald Trump was nominated.
Read more: George Soros rises again
About George Soros
In his essay on the Wall Street Journal, dated Sep 20, 2016, George Soros explained why he has been supporting migrants. There has been a rapid increase in the number of immigrants in the world. This situation has been brought about by civil war, extreme poverty, and oppressive regimes. People are escaping their countries to seek safety and better economic life abroad. The countries hosting migrants and refugees have failed to establish sound policies that can manage the escalating flow of migrants. To this end, the victims have been subjected to a life of despair. George Soros challenges the governments of host countries to be at the center of addressing this crisis by coming up with sufficient infrastructure to host migrants, while seeking support from the private sector.
Soros is a professional hedge fund manager. He is the founder and chairperson of the Open Society Foundations. This network of organizations, partners and projects is founded on the core values of respect for human rights and accountability by the government. The foundation has active operations in over 100 countries. George is a renowned philanthropist on Investopedia. During the apartheid in 1979, he supported black South African students by offering them scholarships. In 1980, George donated Xerox machines to help fight communism in the Eastern Bloc. He established Central European University after the fall of Berlin to advocate for critical thinking. His Open Society foundation sponsored promising students in Roma besides helping refugees and other young individuals. His contribution to the natural resource extraction industries is unparalleled. He promoted transparency and accountability in the industry by developing a system that discouraged secret pay offs to local tyrants. This situation has caused political violence for decades.
Learn more about George Soros: http://www.nybooks.com/contributors/george-soros/