George Soros’s Political Giving in 2016

The real time net worth of George Soros, according to Forbes is $25.2 billion. The self-made billionaire spent his early years of childhood in Hungary, Budapest, during the time of Nazi invasion. He would later flee to England, where he studied at the London School of Economics. He paid his school fees with the money he made working as a waiter, and a railway porter. Upon completing his studies, he got a finance job at a merchant bank. Later on, he moved to New York, began working on Wall Street, and in 1969, he established a hedge fund worth $12 million, which was later rebranded, Quantum Fund. Even after so many decades, George Soros is still a large investor but achieves his investment goals through Soros Fund Management. SFM is currently manned by Dawn Fitzpatrick – a prominent woman on Wall Street. Dawn is the seventh chief investment officer at SFM since 2000.

George Soros is a fierce critic of the current US president, Donald J.Trump – something that explains why he revived his giving in 2016. The last time George Soros went on a spending spree ($27 million to be precise) was in 2004, in support of a George Bush’s defeat. In 2016, Soros re-emerged silently as the biggest funder of the politics of the Democratic Party. According to Politico, George Soros committed more than $25 million to boost the causes and activities of Hillary Clinton and other Democratic candidates. Some of Soros’ associates insinuated that he was even willing to spend more money as the Election Day neared to ensure a Trump defeat.

Apart from the donation of $25 million, George Soros also funded other activities. For instance, he gave out $7 million to a super PAC, Priorities USA Action, which was in support of Clinton. He also offered $2 million to the American Bridge 21st Century that has been targeting Donald Trump, and numerous other Republican candidates. George Soros also donated $700,000 to an array of Democratic Party Committees, Political Action Committees, and campaigns, including that of Hillary Clinton. George Soros also wrote a $5000 check (note that the PAC does not permit more than $5000 from an individual donor) to End Citizens United – A PAC that is in support of Clinton and Democratic Candidates. Visit cnbc.com to know more about George Soros.

After George Bush won in 2004, Soros dialed back his political giving. Instead, he put his focus on donating funds through his international foundations that have so far spent over $13 billion – in a span of three decades. The money was distributed to non-profit organizations that work towards ensuring human rights, shaping the democratic process of the Eastern Europe, and also non-profits that want to ensure increased access to health care and education in the United States and other parts of the world.

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