George Soros Restarts to Fund Democratic Causes

George Soros is one of the most respected investors. He is the founder of Soros Fund Management. George was born in Hungary. However, he had to flee the country owing to the Nazi occupation. Soros funded his own education at the London School of Economics by working as a waiter and railway porter. George started his career in finance by working for merchant bank. Later, Soros moved to New York where he joined Wall Street. In 1969, Soros started his own hedge fund with $12 million in capital. Later, the hedge fund was rebranded to Quantum Fund. In 1992, he bet against the British Pound making a huge fortune. To this end, Soros is often referred as the man who broke the Bank of England. Soros is regarded as one of the most experienced expert in matters investment. George has been investing through his firm, Soros Fund Management. The company has over $30 billion in assets. In 2017, he hired one of the most prominent women in Wall Street, Dawn Fitzpatrick, to manage his investment portfolio. Presently, she serves as Soros Fund Management’s chief investment officer. Over the years, Soros has maintained his unwavering support for liberal causes. Read more about George’s life story at biography.com.

After being away from politics for a while, George Soros reemerged in 2016. He has committed more than $25 million in support of Hillary Clinton’s presidential bid. According to his associates and records maintained by the Federal Election Commission, George has been funding different democratic candidates and the party’s initiatives. In 2004, he donated $27 million to the Democratic Party with the objective of defeating President George Bush. A number of his associates note that they expect Soros, who has accumulated a big fortune of close to $24.9 billion through currency trades, to increase his political donations as the Election Day approaches. Initially, Soros had planned to attend his first Democratic Convention to watch Clinton receive her nomination. However, he could not make it to the convention considering that he was monitoring Europe’s economic situation. Individuals close to him assert that in the recent months, he has devoted more of his time to political matters. Soros’s increased political commitment was motivated by his faith in Clinton and the fear of Donald Trump’s presidency. Soros posited that Trump was doing the job of ISIS by raising fears. Soros and Clinton have been friends for over two decades. Learn more on Discover the Networks about George Soros.

Michael Vachon, George Soros’ political advisor noted that Soros has been a staunch supporter of Democratic causes. He went on to posit that the political stakes were exceptionally high due to the hostility arising from the Republican Party as they disregard most of the issues that Soros cares about. These issues include religious tolerance, criminal justice reform, and immigration reform. Know more: https://www.opensocietyfoundations.org/people/george-soros