George Soros has Hungarian roots and was born in 1930 in Budapest. He managed to survive Nazi occupation during the Second World War and settled in England in 1947. He attended London school of economics and later moved to the United States where he accumulated large wealth through international investment funds on nytimes.com that he established and manages to date. Soros has a history of philanthropy giving for various causes such as funding black students to attend Cape Town University during the apartheid era.
Recently, Soros has emerged as the leading funder of Hillary Clinton campaign. He has been inactive politically since his failed attempt to stop George Bush re-election in 2004 when he had donated $27 million. According to the Federal Election Commission records, Soros has spent around $25 million to support Democratic candidates during this campaign. Soros has an estimated wealth of around $24.9 billion that is from risky currency trades. In 2005, Soros played an important role in the formation of the secretive club of liberal donors on Bloomberg known as the democratic alliance. The main aim of this organization is to build an intellectual infrastructure that will be responsible for long-term changes within the Democratic Party such as issues concerned to fighting climate change, dealing with income inequality among many others.
Soros, who is currently 85 years old has had a long-standing relationship with Hillary Clinton. They have known each other for 25 years. This year, Soros had planned to attend the Democratic convention to witness Clinton accept the party’s nomination. However, he could not attend the function as he felt he needed to look at his investments in Europe more closely. Soros is politically motivated this time round more than ever. People close to him attribute this to his faith in Clinton as well as the fear he has on GOP rival Trump. Soros believes that stakes are high during this year’s election as Republican nominees often touch issues close to Soros interests. Some of these issues include immigration reforms as well as the religious tolerance and criminal justice reform on Time. Soros success in financial markets has given him a greater degree of independence than any other investor. Soros can be able to take stands in controversial issues due to his status.
This year donations are similar to those he made in 2004 as he opposed Iraq war and other policies by the bush administration. He even compared Bush administration with the Nazi and termed defeating Bush as a matter of life and death. After the 2004 defeat, many thought that Soros would never donate again towards politics. However, Soros described this spending as an exception. Since then, he has focused on international foundations which have donated more than $ billion over the past 30 years. Often, these causes are geared towards human rights defense as well as shaping democratic processes in countries of Eastern Europe. He has also contributed towards the expansion of healthcare services and development of education in the USA.