Jim Hickey’s American Politics

Let's Get Real.

George Soros, the fighter in the Democratic Party

George Soros is one of the Democrats’ strongest allies outside the political arena. George Soros was born in Hungary but later fled and entered the London School of Economics. Prior to cementing himself in the finance industry, he worked as a waiter. When he arrived in New York, he launched his own hedge fund in 1969, later re-branding it the Quantum Fund.

After years of working in finance, in 1992, George Soros shorted the British pound and became known as the man who broke the Bank of England. In 2017, George Soros is still an investing powerhouse. His office boasts $30 billion in assets. Soros just recently hired one of Wall Street’s most prominent women, Dawn Fitzpatrick, to become chief investment officer at Soros Fund Management.

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

While building up his investment firm, he has been a strong and vocal supporter of Hillary Clinton. During the 2016 election cycle, George Soros donated more than $25 million to boost Hillary Clinton and other important Democratic issues and candidates. Some of George Soros’ own close associates believe he earned at least $24 billion through risky trades, so he could give even more.

George Soros planned on watching Clinton accept the Democratic presidential nomination, but was forced to cancel the trip, so he could closely monitor the economic situation in Europe. Soros has become known as a consistent donor but increased his political involvement because he felt the the political stakes are exceptionally high. Read more on BigThink about George Soros.

Soros is one of the few liberal donors who was willing to let the clash flow, with the hopes that Hillary Clinton would defeat Donald Trump. Soros’ actions also convinced other elite donors to write big checks for the Clinton campaign and other Democratic candidates and causes. Soros’ and the Clinton campaign machine was much bigger than Trump’s, thanks in part to George Soros’ never-ending dedication to the party.

Soros sent $5 million to a super PAC, which worked to increase voter turnout among Hispanic voters in key states. George Soros also gave another $5 million, to a nonprofit group that combats conservative efforts to restrict voting. This organization is run by Clinton campaign lawyer Marc Elias.

Learn more about George at Biography.com.

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