In the political game, many factors come into play. One of these factors is supporting your preferred candidate through money donated, and that’s just what George Soros did in this past 2016 election. After a setback of $27 million in the 2004 election of George W. Bush, he decided to take a break from politics to focus on his ventures in Europe. However, with the announcement of the 2016 election candidates, Soros made plans to support the Democratic nominee and long-time friend Sen. Hillary Clinton. Favorite political news site Politico observed that by June of 2016, Soros had donated about $21 million to various super PACs and non-profit organizations that support Ms. Clinton and Democratic ideals of which Mr. Soros supports. Issues such as immigrant voters, religious tolerance, and abortion rights were all covered in Soros’ donations, though many groups he gave money to are not required to disclose their donors at all.
As far as non-political affiliations go, Soros is no stranger to hedge funds, which is how he amassed his fortune. Forbes states that in 1969 alone he managed to make $12 million by starting his own hedge fund company, now called the Quantum Fund. Today, he continues to work with Soros Fund Management, a $30 billion value in assets alone. Soros uses these funds to focus on many international matters that are important to him. In the past 30 years, his organizations have donated more than $13 million to non-profit groups that support human rights, universally accessible healthcare, and introducing democracy to the eastern hemisphere. Additionally, his organizations focused on donating to causes that would concentrate on building infrastructure in the United States, combat the rapidly increasing threat of climate change, and fight income inequality. He also believes that there is too much money in politics and that one person should not be able to purchase the sway of the election given enough money. Read this story at Politico.com about George Soros.
However, the 2016 election was a stressful time for all involved, and Mr. Soros was no exception. He had backed former President Barack Obama with the hopes that Obama would uphold the Democratic liberal values. When this did not occur to the extent that Soros would have liked, his political donations wavered, instead focusing on his international efforts. However, while he did not support President Obama as much as he had hoped to, the new Democratic nominee was vastly preferable to the likes of Donald Trump, who he views as a fire-stoker for terrorists and economic unrest in the United States of America. George Soros firmly believes that Mr. Trump is opening the floodgates for terrorists by fear-mongering and inciting rage against minorities and anyone who isn’t with him. Soros fought to change that by backing Hillary Clinton, who still wishes to reform how America handles the justice and immigration systems and to unite the people under one flag.
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