George Soros scaled $27 million during the 2004 campaign in a spending meant to defeat President George W. Bush. He emerged again as a leading funder of the Democratic politics during the 2016 campaigns, and he is also the leading investor of conservatives. He donated $25 million to boost Hillary Clinton and other Democratic candidates. By the end of June 2016, Soros had given $7 million in support of Clinton through a donation to a super PAC known as Priorities USA Action. It was the single largest recipients of Soros’ donations. He also gave $2 million to an opposition research PAC known as American Bridge 21st Century. Approximately $0.7 million was also donated to an assortment of Democratic Party committees including Clinton’s campaigns and PACs.
According to his associates, Soros has accumulated a fortune of approximately $24.9 billion through risky currency trades. The Hungarian-born billionaire did not attend Clinton’s Democratic presidential nomination whom it is said he had had a 25-year relationship. The associates of Soros explained that the billionaire had just returned to active trading and had to monitor the economic situation in Europe at the time closely. The people close to him noted he was more engaged in politics in 2016 than in the previous years. His political adviser, Michael Vachon noted Soros has been a consistent donor to liberal causes but had increased his donations in 2016. He explained the commitment was due to Soros’s great care of the issues he has supported in the many years such as immigration reforms, religious tolerance, and criminal justice reforms. Read this story at Politico.com about George Soros.
Apart from funding campaigns, in 2015, George Soros made the headlines when he was the solitary man at the center of the Ferguson protest movements. The man who has built a business empire that dominates across the ocean in Europe surprised many with his support of the protest. Soros has forged a political machine that is powered by nonprofit making organizations that have a massive impact on the policy and politics of America. He stimulated the movement through several years of funding and mobilization of groups across U.S. He contributed at least $ 33 million in one year in support of the established groups that inspired the grassroots on the ground activists in Ferguson. The financial donations gave rise to an explosive protest movement that transformed one-day criminal event in Missouri into twenty-four hours a day national movement. The director of Soros’ open society, Kenneth Zimmerman noted that at the open society they believe having people participate in government is essential to living a just and more democratic society. It explained the involvement of Soros in the society and his funding of campaigns. Soros is committed to helping groups combine their policies, research, and collection of data to make the community more accountable. Learn more on Discover the Networks about George Soros.