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George Soros’ major comeback in politics

The billionaire investor, George Soros has made a major comeback in politics after spending approximately $27 million in an attempt to defeat the then president, George W. Bush in 2004. He has re-emerged as a top boogeyman of conservatives and a major Democratic politics funder, giving more than $25 million to support Clinton’s campaign. Some of his associates said that he is likely to give more as the election nears. According to Forbes most recent estimates, George Soros has a net worth of $24.9 billion acquired through risky currency trades.

George Soros is a Hungarian-born New Yorker. He had scheduled to attend his first Democratic convention to witness Clinton take the Democratic presidential nomination. Clinton and Soros have a 25-year relationship. Soros associate said that he canceled the trip since he needed to supervise the economic situation in Europe, now that he had returned to active trading.

People close to George Soros say that he is more politically than he has ever been before. They say that he is motivated by his faith in Clinton and fear of Donald Trump, her GOP rival. Michael Vachon, George’s political adviser on wsj.com, said that his boss had been a regular donor to democratic causes; however, this year’s political stakes are very high. He added that the stakes were high even before Donald Trump became a candidate because most of the issues Soros cares about and has supported for a long time such as religious tolerance, criminal justice reforms, and immigration reform faces hostility from the other side.

Read more: George Soros – News, Articles, Biography, Photos

The willingness of Soros to invest his cash is a good sign for Clinton. Other donors are giving big checks. They include Tom Steyer, a San Francisco environmentalist, Don Sussman, a New York hedge funder, and media tycoons Fred Eychaner and Haim Saban. Nevertheless, few of the donors have the effect like that of Soros. The money has helped Clinton and her supporters to organize a humming campaign that dwarfs Trump’s. Reference: http://www.cnbc.com/george-soros/

After spending $27 million, Soros withdrew his political giving signifying that he might never spend heavily on politics. Instead, he focused his philanthropic activities to his international foundations. He donated more than $13 billion over the last thirty years to organizations that aim to protect human rights, expand access to education and health care worldwide as well as shape the democratic process in Eastern Europe.

He attended London School of Economics. Upon graduating, he worked for several New York firms such as F.M. Mayer, Wertheim $ Co., and Arnhold $ S. Bleichroeder. George Soros founded Soros Fund Management, which later evolved to the famous Quantum Fund. He operated the hedge fund firm for two decades. He quite the day-to-day managing of the Quantum Fund and became a dedicated philanthropist, donating a lot of money through his Open Society Foundation. Soros was given an honorary degree from Oxford University. He is a very successful man.