George Soros is a name most people have already heard, as he is ranked in #22 place among the world’s richest hedge fund managers on Forbes, with a net worth of $25.2 billion. He was born in Hungarian and is currently 85 years old, living in New York.
The billionaire is highly present in the American politics as an investor and supporter of the candidates he upholds. In the most recent American election, George Soros funded Hilary Clinton with more than $25 million to support her candidacy. He also backed up other Democrats according to the Federal Election Commission.
This type of funding coming from Mr. Soros was last seen in the elections of 2004 when he used his capital to try to defeat the candidacy of George Bush. Back then, he spent $27 million for that cause. The amount of money that George Soros invested for the rest of 2016’s election might have reached $24.9 billion through trades and silent funding.
Soros was supporting Hillary very firmly in the elections, as the businessman and the candidate knew each other for 25 years. Analysts say that he was never so politically engaged as he was in 2016, even compared to his funding spree in 2004. This engagement seems not only come from his desire to see Clinton as the country’s next president, but also out of fear of Trump running the US’s presidency. He knew that Hillary’s campaign was directly built to try to defeat Donald Trump and his campaign goals.
His dread of Mr. Trump assuming the place in the white house comes from what the man says in his speeches compared to the causes that George Soros has been supporting and fighting for during years. The solutions that Soros looks forward to including tolerance towards religion and immigrants, and a reforming of the immigration system and the justice as well as the law enforcement system.
He would have stayed to watch the Democratic presidential nomination for Clinton, but he had to return to Europe a few days before the designation day.
Read more about George’s life story at biography.com.
It is clear that Soros had the money power to beat any other funding activist in Trump’s side, as he was carefully and actively supporting Clinton’s campaign against them. As Clinton won the popular vote count, a considerable part of it comes from the billionaire’s support for the cause.
George is actively funding other principles through his office, the Soros Fund Management, including philanthropic charities with no intentions of profit. The man came from humble origins, being born in a Jewish family in Budapest. He won his spot among the richest people around the globe through constant dedication and the bright vision of where profit was and how to pursue it. He understands economy and finance as no one else could since he became known as the man who benefited the most out of the British pound.
Learn more on Discover the Networks about George Soros.