George Soros’ championship of liberal causes has ebbed and flowed since spending 27 million in an effort to defeat then-President George W. Bush’s re-election campaign in 2004, but it came back in full force during the 2016 presidential campaign between Hillary Clinton and Donald Trump. His campaign contributions to Hillary Clinton stood in stark contrast to many major GOP donors, who were hesitant to donate in large numbers to the Trump campaign.
According to the Federal Elections Commission Records, Soros had spent 25 million dollars for the Clinton campaign and other Democratic candidates and causes, mostly because of concern that Donald Trump would “do the work of ISIS” by stoking fear and animosity towards Muslims in the USA and around the world. The plight of refugees has long been a personal one for Soros, who fled Hungary in his youth and rose to incredible financial success as an investor in London and New York City. Read this story at Politico.com about George Soros.
The donations came in smaller sprinklings of between approximately two and five million dollars not just to Clinton directly but also to SuperPACs, the political action committees which donate dollars as they see fit to causes and candidates of their choosing. Among the beneficiaries, America Votes, a voter mobilization fund, the Senate Majority PAC, this works to gain a Democratic Party majority in the Senate, and the Voting Rights Trust, which combats voter suppression and restrictions. Learn more: http://bigthink.com/paul-ratner/why-does-the-right-hate-george-soros
This season of highly political giving and donations has come as a shift for Soros, who had previously described his extensive political contributions during the 2004 elections as an exception. Over the last thirty years, George Soros has given billions of dollars to other favorite causes, including international human rights organizations, non-profits working to ensure the spread of democracy, and other liberal causes. Since the 2016 elections ended with the Trump victory, he has been an outspoken critic of the Republican president.
Soros has a net worth of 25.2 billion dollars, which he built off shrewd financial management over the last four decades. After fleeing Hungary, he worked his way through the London School of Economics and eventually moved to New York City, where he lives to this day. His most famous moment came in 1992 when he and Stan Druckenmiller made such a huge profit that he was known as “the man who broke the Bank of England.” Many of his earnings have been given back to charity over the years.
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