Understanding the Involvement of George Soros in Politics and Philanthropy

Well-renowned billionaire, George Soros has made a significant mark in philanthropic records. In fact, he has donated more than $12 billion of his wealth to support charitable courses. Additionally, his financing has helped both organizations and individuals around the world in fighting for freedom of an accountable government, transparency, and expression and more information click here.

As a top proponent of Karl Popper’ philosophy of open society, he created the Open Society Foundations, a network of projects, partners and foundations operating in over 100 nations. Throughout the years, George Soros has continually demonstrated his active involvement and interest in the operations of the network through traveling to various locations to support and advocate for positive policy transformations.

 

Political Involvement

In the recently held 2016 presidential elections in the US, the role of George Soros in country’s politics reemerged. He had previously dialed down his political donations after his futile endeavor to bar President George Bush from winning his second-term presidential bid in 2004. His comeback was characterized by donations of over $25 million in support of Hillary Clinton’s campaign among other Democratic candidates and learn more about George.

The funding by George Soros was mainly driven by his willingness to defeat Donald Trump in the 2016 White House race. In turn, his generous giving had a positive effect on other liberal donors like DonSussman, a New York hedge funder, who donated $13.2 million to support various committees and campaigns. The cumulative donor base behind Clinton helped create a considerable financial advantage over the support behind Trump and follow his Twitter.

To ensure Clinton won, Soros backed various super PACs including the Immigrant Voters Win, which received $5 million. The money was meant to boost the PAC’s goal of increasing voter turnout amongst Hispanic voters in various major swing states.

 

About George Soros

While he is popularly known for being a wealthy businessman and philanthropist, George Soros’ background is different compared to his present status. He is a Hungarian native, who escaped his country after the Nazi invasion. The attack led to the murder of 500,000 plus people. Luckily, George‘s family escaped the entire ordeal through the use of false identity documents. On the other hand, Soros fled the Nazi-invaded Budapest for London in 1947. To put himself through studies at the London School of Economics, he worked as a night-club waiter and railway porter on part time basis.

George Soros relocated to the US in 1956, which marked the beginning of his journey to success in the finance sector. After working for several financial institutions, he created his hedge fund. Currently, Soros owns the Soros Fund Management, which has about $30 billion in assets. He has also recognized philanthropist whose philanthropic endeavors are spearhead by the Open Society Foundations. Through the network, Soros has provided school fees to thousands of promising underprivileged students, supported numerous lawyers and paralegals representing illegally imprisoned people and participated greatly in the effort to integrate Europe’s Roma.