George Soros Bankrolls Democratic Party Candidates And Activities
After having scaled back on his political spending for more than ten years, billionaire investor and business magnate George Soros has resurfaced as a major backer of democratic political activism.
Specifically Soros has pledged more than $25 million to presidential candidate Hillary Clinton and other party nominees and causes.
It was in 2004 that Soros spent roughly $27 million to unseat then US President George W. Bush and later held back on his political contributions. But over the past few months, he has expressed alarm and fear over Republican presidential candidate Donald Trump.
Soros political adviser Michael Vachon told Politico that Soros has been more active in contributing to this year’s democratic party as the risks are extremely critical.
According to the Federal Election Commission (FEC) records, George Soros had donated more than five million dollars to a political action committee (PAC), which backs Clinton.
What’s more Soros donated millions of dollars to boost the number of Hispanic voters in crucial swing states as well as five million dollars to a nonprofit, the Voting Rights Trust, that battles conservative attempts to restrict voting.
Soros also made contributions to Planned Parenthood Votes and to a Senate Majority PAC that advances Democratic Senate candidates.
In addition to Soros’ contributions at http://www.wsj.com/articles/a-bearish-george-soros-is-trading-again-1465429163, many other benefactors have donated to various Democratic activities this election cycle such as an environmentalist, a hedge funder and two media magnates.
Born in Budapest in 1930, George Soros has focused on philanthropic efforts that also take in his international foundations. These organizations have donated more than $13 million over the past thirty years to non-profits that protect the rights everyone should have in society and build worldwide wellness programs as well as schooling.
After deciding he had enough money in 1979, Soros established the Open Society Foundation. Today the fund operates in more than one hundred countries and works to advance issues such as open society and human rights.
He is the author of more than a dozen books and his articles on politics and economics have been published in international newspapers and magazines.
According to Forbes and Bloomberg Billionaires Index, Soros is worth approximately $24.9 billion. He is the chairman of Soros Fund Management LLC, a hedge fund with a reported value of approximately $13.4 billion.