George Soros Returns To Political Giving At A Difficult Time In Global Politics
Despite the accusations often leveled at him by members of the conservative media, George Soros has not played a major role in U.S. politics during the 2008 and 2012 Presidential elections cycles, but has made a triumphant return to political giving in 2016. Soros made the decision to return to political donating in 2016 after viewing global politics as a major problem over the course of the the preceding years, including his feeling that a Republican President in 2016 would fail to protect the people of the world from the issues the hedge fund legend believes have been of growing importance. Although he backed the Presidential campaign of former First Lady Hillary Clinton, Soros was so concerned by global political events he made the decision to forgo the Democratic National Convention to keep a close eye of the problems facing refugees flooding into the European Union from areas of Syria and the Middle East.
According to Politico, George Soros was also concerned about the state of politics in the U.S. and decided his personal fortune should be used to create a better world for everybody, including the citizens of the U.S. Soros shares his citizenship with. The impact of President Donald J. Trump on global politics was seen as a problem by George Soros, who Soros accused of using racially charged rhetoric in a bid to divide the people of the nation and build tensions between people of different faiths. One of the major reasons Politico gives for the return to political giving of George Soros is his ability to encourage a range of other Democratic donors to give funding to the campaign of Clinton and other Democrats; after sitting out the 2008 and 2012 elections seasons, the return of George Soros has driven up donations from a range of high profile donors including Tom Steyer with $31 million for liberal causes in 2016 and fellow hedge fund expert Don Sussman who provided more than $13 million for Democrat’s across the nation. Read his profile at Business Insider.
There are few figures in global finance who can compare to the success achieved by George Soros, which Forbes states has given the hedge fund manager who started his career as a refugee in 1947 an estimated fortune of over $25 billion. Many financial experts first became aware of the success of George Soros in 1992 when his career hit the headlines in becoming the man who broke the Bank of England and made $1 billion in a single day gambling on the devaluation of the British Pound; Soros has not only returned to the political scene after eight years away he also took on a more active role with his own Soros Fund Management company and his charitable Open Society Foundations. Read this story at Politico.com about George Soros.