Born in 1930, George Soros was brought up in a pro-Nazi Hungarian regime after which he studied in London. Soros later moved to America where he made his fortune. In 1984, George Soros set up the Open Society Foundation. The foundation’s aim was the provision of copy machines to libraries, universities, and civil society groups.
George Soros, a billionaire investor, has committed himself to fund Democratic politics in a bid to win the 2016 campaign. Hillary Clinton together with other Democratic candidates will receive a boost of $25 million from George Soros. Soros is expected to give even more as the election date approaches. Soros has invested most of his cash in risky currency trade of which he has received a good fortune.
George at 85 years old has had 25 years relationship with Hillary Clinton. Soros had planned on attending his first Democratic convention where Clinton would be accepting the Democratic presidential nomination, but the trip had to be canceled because he felt he needed to monitor the economic situation in Europe.
This year George Soros has been very active in politics having faith in Clinton and at the same time fearing Clinton’s GOP rival Donald Trump whom he claims to be instilling fear to the people of America. Michael Vachon, Soros’ political advisor stated that other than Trump being nominated to run for presidency, Soros had already decided to venture into politics this year because of some few things he cares about such as:
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Reshaping the American justice system remains to be Soros; core goal as he ventures into the 2016 campaign. Over the past year, George Soros has contributed more than $3 million into seven local district attorney campaigns in six states.
Some African-American and Hispanic candidates have gotten support from Soros contribution. The candidates who received support from George all ran on platforms that share the same goals as George Soros. Some of the judicial reforms Soros is interested in amending include:
Directing of drug offenders to diversion programs instead of trial
Reduction of racial disparities
Through a national “527” unlimited money group and state-level super PACs, Soros has spent on district attorney campaigns in New Mexico, Illinois, Texas, Florida, and Illinois. Nonprofits such as Civic Participation Action Fund also donated to some groups in the campaign.
Some other liberal donors who also aim at donating to political campaigns include:
Don Sussman who is a New York hedge funder has contributed $13.2 million to some campaigns and committees
Haim Saban and Fred Eychaner who are media moguls have donated $11.1 million each.
Tom Steyer who is an environmentalist has donated $341 million in 2016 to a super PAC under his control.
Hillary’s campaign has had a boost from the money being donated to her presidential bid by some of the richest people in America. The boost has built a massive financial advantage over the committees supporting Trump. Priorities USA Action, a super PAC in support of Clinton has also received a donation of $7 million from Soros.
Find the stories about George Soros on Politico.com