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George Soros: A Charitable Billionaire

Did you know that George Soros has given away 45% of his net income in his lifetime? Yes, and most of his contributions have been provided in support of the political parties, the Democratic Party.

You may have noticed that from 2004 to 2016 George Soros was not in the political limelight. Yes, he was still supporting other organizations, but he had toned down on political support. He withdrew from contributing finances towards the election campaigns after he lost a substantial amount of money during the 2004 presidential election. During that time, George contributed approximately $27 million to defeat the Republican Presidential Candidate George Bush, who later emerged the winner.

George rose again to power in 2016 Presidential elections. Soros was supporting Hilary Clinton and, he contributed $25 million towards the election. Three reasons influenced Soros’s decision: He is a liberal and a strong Democrat supporter; he is a friend to Clinton, and most importantly the fear of seeing Trump win. On different occasions, Soros has said that Donald Trump was in support of ISIS.

George has also made significant contributions to different organizations that are linked to Clinton. In June 2016, Soros contributed $7 million in support of the PAC ‘Priorities USA Action. He also contributed $5 million towards the PAC ‘Immigrant Voters Win chaired by Hilary Clinton.

Besides the $25 million given in support of the Democrats, Soros also contributed $2 million in support of American Bridge. It is a PAC that is opposed to Trump and other Republicans.

Read more: http://www.forbes.com/profile/george-soros/

More about George Soros

George is worth $25.2 Billion and is the 23rd richest man in the world according to Forbes. The 85-Year old American-Hungarian was born in Budapest, Hungary. He later immigrated to England to pursue his education. George graduated with Bachelor of Science of Philosophy and later a Master’s degree from the London School of Economics.

George founded the Soros Hedge Fund Company in 1969. In 1992, he shorted the British Pound and, after the Black Wednesday, he made significant profits from the fall of the stock. Read more on Snopes about George Soros.

Philanthropy work

George began his philanthropic work in 1979 by supporting the Black students pursuing their education at the University of Cape Town. His charitable work includes the support of democratization through the Open Society Foundation.

In 2006, George Soros pledged $50 million in support of the Millennium Promise. This project was to provide education, medical, and agricultural support for the poor villages in Africa.

George, being an immigrant, has a soft place for the refugees and migrants. He set up a foundation that would support the companies owned and managed by the migrants especially from Europe.

He also supports the feminist’s group and has contributed $250,000 towards the different groups.

Read more story at Politico.com about George Soros.

 

George Soros Will Remain An Important Part Of The Future Of Politics

To many people around the world George Soros is seen as a major part of the left leaning political scene who has played a big part in bringing democracy to many people around the world. The Holocaust survivor who made a dramatic refugee journey of his own from his native Hungary at the end of World War II has been a big part of U.S. politics for decades, and looked to use some of the estimated $25 billion fortune he has amassed to help Democratic candidates to office in the 21st century at both national and state levels.

Despite spending much of his time looking to protect democracy in the U.S. Soros has always taken an international view of his political work after creating his own philanthropic group, the Open Society Foundations in the 1980s; the group was created by Soros in a bid to educate those trapped by South Africa’s apartheid regime and has continued to back other groups and refugees over the last four decades. Soros maintains his international outlook at all times and turned down an invitation to the Democratic convention after becoming concerned over the issues facing Europe as the Syrian refugee crisis continued to cause issues around the world.

Read more:
Soros spends $2 million to defeat Arpaio
The Capitalist Threat

The victory of Republican Donald Trump during the 2016 election cycle has prompted George Soros to take an even more active role in the future of the Democratic party as the political group looks to regroup after Republican gains in 2016. Soros and a number of other political donors to the Democrat’s have come together under the Democracy Alliance banner in a bid to plot a return to power for Democratic candidates beginning with state level gains in 2017 and 2018; Soros will provide a talk for his fellow donors and some of the most influential figures in the party in a change of schedule announced the morning after the Presidential victory of Donald Trump.

Over the course of 2016, the political donations of George Soros had prompted headlines around the world when his giving reached around $25 million towards the campaign of former Secretary of State Hillary Clinton. Soros became well known for prompting major donations from other backers of the Democratic party during the 2016 cycle as major Super PAC’s lobbied for his support over the course of the Presidential campaign; Soros eventually backed the Priorities USA group to the tune of around $7 million, and provided around $10 million in backing for Clinton supporting Super PAC’s as a whole.