Billionaire and renowned philanthropist, George Soros, has a reputation that continuously attracts a lot of media and public attention. He maintains a high rank when it comes to his massive political giving. In fact, in 2004, Soros spent a whopping $27 million in an attempt to bar President George W. Bush from his presidential reelection bid. The reelection of President Bush caused Soros to dial down his political giving. However, this situation changed last year during the 2016 US general elections after he reemerged as one of the top funders of Democratic politics.
Records from the Federal Election Commission cited that Soros committed over $25 million to support both Hillary Clinton and other Democratic candidate hopefuls. As if that was not enough, Soros’ close associates expected more spending on political donations before the Election Day. Additionally, they noted that George Soros appeared to be more politically motivated and engaged than in previous years. They attributed this new energy to the combination of his fear for Donald Trump and faith in Democratic rival, Hillary Clinton.
Aside from funding political causes, George Soros has created a name for himself due to his massive support for various movements and organizations. The Ferguson protest movement placed Soros in the limelight after he donated at least $33miliion to the movement in a single year. The money was meant to back the already-established groups, which supported the Ferguson-based grassroots, on-the- ground activists.
Over the years, George Soros has encouraged the Ferguson protest movement not only through funding but also through mobilizing groups all over the United States. This information was sourced from interviews with various key players and financial records obtained and analyzed by The Washington Times.
George Soros in Brief
George Soros is one of the prominent supporters of democratic causes and ideals globally. In fact, he spearheads the support for such causes through his philanthropic organization dubbed as the Open Society Foundations. Through massive funding, Soros has demonstrated support for organizations and individuals fighting for transparency, freedom of expression, accountable government and societies that promote equality and justice. Additionally, he has supported other groups such as those representing Europe’s Roma people and those cast away by the mainstream society like the LGBTI and sex workers.
Soros had a rough upbringing whereby he escaped death in his native country, Hungary, by fleeing to London. In London, he got an opportunity to acquire knowledge at the London School of Economics while working as a waiter and railway porter. His education came in handy after moving to the US, as he was not only in a position to secure a job but also establish his hedge fund, Quantum Fund. This marked the start of Soros’ climb into wealth and prominence in the US and the rest of the world. Learn more about his profile at Forbes.com