George Soros’ Overwhelming Political Donations

George Soros’s name has surfaced yet again in political donations on nytimes.com. In 2004, he donated $27 million to fund a candidate’s political campaigns in an effort to defeat President George Bush. In the recent past, George has committed over $25 million. His name ranks among the top donors of the Democratic Party. George seeks to boost Hillary Clinton’s presidential campaign and other Democratic Party’s related causes. The billionaire has donated approximately $24.9 billion. He is likely to contribute even more as the voting day nears. This is according to the records of the Federal Election Commission and interviews made with Soros’ associates.

Having known Hillary Clinton for a long period, George Soros had scheduled to attend the Democratic convention, for the first time, to watch Clinton accept her Democratic Presidential nomination. However, he did not manage to attend the occasion. The Hungarian-born New Yorker was busy monitoring the economic state in Europe, considering that he has returned to active trading.

George Soros seems to be more engaged in political now than before. This is because of his deep faith in Hillary Clinton. In addition, he fears letting Donald Trump, whom he once accused of stoking fears in people just like ISIS, win the elections. George Soros’s political adviser, Mr. Michael Vachon, said that Soros’ donations during the recent campaigns have increased. This philanthropic act has been driven by the hostile nature of many issues that were proposed by Donald Trump such as religious tolerance, criminal justice reform and immigration reform.

Soros’ overwhelming political donation on Politico has influenced other affluent philanthropists. Some of them are already cashing in big checks for the campaigns. For instance, Tom Steyer, an environmentalist in San Francisco has donated $31 million this year, a bigger portion going to a super PAC that he administers. Don Sussman, a New York hedge funder, has given $13 million to several campaigns and other causes. On the other side, the lords of media Fred Eychaner and Haim Saban donated $11 million each. This contribution has boosted Clinton’s campaign, thus putting her ahead her rival, Donald Trump.

About George Soros
George Soros founded Soros Fund management and the Open Society Foundation. He is also the chairman of these organizations. Born in Budapest, Hungary, George Soros moved to England in 1947 where he pursued his degree from the London School of Economics. In 1956, he moved to New York where he made a large fortune through the Soros Fund Management on Investopedia that he had founded after working in the Wall Street. Soros has been donating to charities since 1979 when he started the Open Society Foundations to fund students in South Africa. Today, the foundation has expanded its services to over 100 countries. George is also an author. He has written a couple of books including the Tragedy of the European Union (2014) as well as essays and articles on politics, economics and the society.