George Soros Once Again Sees Politics as Key to Our Future

The Hungarian born financial expert George Soros arrived in the U.S. in the 1950s with a short term plan to build his fortune and return to Europe after five years working on Wall Street; over six decades later and the now U.S. citizen is still living and working in the U.S. in a way he hopes will have a positive effect on the world as a whole. Forbes reports George Soros found success with his career as a hedge fund manager and formed his own fund in 1969 with just $12 million, which has now morphed into the Soros Fund Management brand that manages assets worth a staggering $30 billion. Soros returned to active investing in 2015 and also made a major return to political and philanthropic life at the same time as the Holocaust survivor stated he had spotted the need for him to return to major political giving for the first time since 2004.

During the 2004 Presidential Election, George Soros donated around $27 million to the campaign of Democrat John Kerry for The White House, largely because of the fear Soros had about the policies of President George W. Bush and his opposition to the Iraq War. At the end of the election cycle it was made clear that George Soros was not going to be making a habit of making multi-million dollar donations to political parties and the 2004 election should be viewed as a defining moment where the financial expert saw the global political situation as unique, according to Politico.

In 2015 it appears George Soros once again saw the rise of a right wing within global society that he felt was so strong it needed to be fought with all the might that could be mustered by those on the left of politics. George Soros made a major commitment to the election campaign of former Secretary of State Hillary Clinton to become the first woman to become the U.S. President; included in the financial commitment made by Soros to the Clinton campaign was a $13 million donation made directly to her campaign and a further $12 million to Super PAC’s backing the campaign.

George Soros understands the fact there are many issues facing the U.S. and the global political arena at the current time and uses his own Open Society Foundations to back the issues he feels are most important. In the U.S. George Soros feels some of the most important work he can complete is to protect the rights of minority groups with financial donations made to groups seeking to ensure all U.S. citizens have the chance to vote no matter if they come from a minority group within the nation.

Visit cnbc.com to know more about George Soros.

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Ref: https://en.wikipedia.org/wiki/Bruce_Levenson