Browse Category: Campaign Donation

Soros Donates Heavily to Clinton Campaign

George Soros is well regarded as being one of the most successful and significant financial investors in the history of the financial markets. He has been the head of Soros Funds for over 50 years and has managed billions of dollars in assets over that period of time. Due to his success managing Soros Funds and investing his own money, Soros has amassed a net worth in excess of $25 billion making him one of the wealthiest people in the world.

While Soros is best known for being a wealthy investor, he is also known for his interests in a wide range of political and social causes. Due to the chance for it having a big impact on the global economy and social setting, George Soros has been very involved in the 2016 Presidential election in the United States. Despite the fact that he was born in Austria and raised in the United Kingdom, Soros has once again donated a considerable amount of money to the United States’ Democratic Party.

As the National Election Day continues to near, many people have continued to take notice of the considerable amount of money that Soros has donated to the Hillary Clinton campaign. It has been estimated that he has donated over $25 million to either the Clinton campaign directly or to various other campaigns that will support it.

Read more: Here’s How George Soros’s Latest Predictions Have Played Out

This current political process is likely the most engaged that Soros has ever been in the past. During the 2004 election, Soros donated a few million dollars to a variety of campaigns aimed at unseating George W Bush from the presidency. However, after losing that bid, Soros was not heavily involved in the 2008 or 2012 election cycle on Forbes. Many believe that the current election and campaigning process could be a bit more personal for Soros. Many people have taken notice of Donald Trump’s controversial comments when it comes to immigrants and refugees. Soros himself was a refugee from Austria at the start of World War II when the nation was invaded by Germany.

Soros is far from being the only major donor to the Clinton campaign. Tom Steyer, who is an environmentalist based in San Francisco, has reportedly raised over $31 million that has been given. Other multi-millionaires and billionaires that have given lofty sums of money to the campaign have included hedge fund manager Donald Sussman and Haim Saban. At this point it remains unclear whether Soros will continue to donate to the campaign through excess donations or whether he will slow down his contributions.

An In-Depth Look Into The Life Of George Soros And His Sudden Re-Emergence

Born in 1930, George Soros is a successful entrepreneur and his journey in business has earned him a position among the most respected billionaires in America and the world at large. He has founded several companies and affiliations like F.M Mayer, Arnhold & S. Bleichroeder, Wertheim & Company and Soros Fund Management.

George Soros is also an active supporter of political activities and his first overwhelming appearance was in September 1992 when he placed a risky investment of $10 billion on currency speculation. He was right on his prediction and made a whooping $1 billion profit on this day day, according to an Investopedia article.

Sudden re-emergence
People have known George Soros as a strong supporter of what he believes in, something that has driven his businesses to the peak. Recently, Soros made a comeback with a $25 million splash directed at 2016 Hillary Clinton’s presidential campaigns. He had made such a donation back in 2004 during his campaign to unseat President George Bush, but later changed his mind.

According to Politico, he is expected to give more as the elections draw nearer. His advisor Michael Vachon in an interview with Politico alleged that Soros is a consistent donor and his support for the Democratic will remain stronger now that Hillary, whom he has had a good relationship with for many years, is contesting for the presidential seat through the party.

The most recent Forbes estimate placed his net worth at $24.9 billion and his comeback is seen as a major contribution that will push the party to retain the control of the White House and emerge with the majority in the Senate.

Read more: A Bearish George Soros Is Trading Again

Apart from business, George Soros has also authored several books touching on business and socio-economic issues facing the world. He published his first book The Alchemy Of Finance in 1988. His interest in politics has come as a challenge to the opponents of Hillary as he has pledged to even inject more support to her campaign and journey to the White House.

Investment style
George Soros is a renowned expert in translating broad-brush trends in the business world. He has worked as a short-term speculator and his bets have always been huge and accurate most of the time. His belief on the fact that financial markets can be chaotic has allowed him to leverage strategies that have earned huge profits.

As of 2000 when he retired, he had won major bets in the financial markets, earning him and his associates billions in profits. Although he made few mistakes during his journey in business, he remains one of the wealthiest investors in the world. Soros’ successful Quantum Fund continues to bring in profits many years after establishment.

Soros Takes On Trump In The Media And Through Back-channels

George Soros is the world’s most famous hedge fund billionaire. He is a brilliant businessman and has often capitalized by seeing irregularities in the marketplace, especially impending doom. He became famous for profiting $1 billion shorting the British pound during an economic crisis in the early 90s, earning him the nickname the man that broke the bank of England.
So it is kind of entertaining to watch Forbes billionaire George Soros attacked Donald Trump. Not only does Soros’ fortune far exceed Donald Trump’s, he is one of the few men in the world that can point at Donald Trump is a failure. Money Talks News has found that if Trump simply invested his inherited wealth in an account that tracks the S&P 500, she would be worth $10 billion more than he is today. Essentially, he’s lost $10 billion as a failed businessman.

And while Donald Trump takes the stage to recite hateful speeches, George Soros has a plan to take him down that is incredibly intelligent. Two longtime friends and employees of Soros have been caught by the conservative media making large campaign contributions to Republican governor and presidential candidate John Kasich. Kasich is the current governor of Ohio and Ohio is a big prize in the Republican primary season. According to a bloomberg.com report, Ohio dishes out 66 delegates to the winner and the winner of the primary alone. Most other states during the primary season issue delegates proportionally to each candidate as the votes role in. Winning Ohio not only gives the winner bragging rights but a big boost in delegates on the way to securing the nomination.

Additionally, Kasich has said that if he does not win his home state he will drop out of the race. With more candidates in the field, it makes it more difficult for Trump to secure the requisite number of delegates in order to win the nomination out right before the convention. Similarly, Trump needs a win in Florida or Ohio, both winner take all states, in order to be the unquestioned Republican candidate for president. Soros can help defeat Trump by helping Kasich beat him in Ohio. And of course he is helping Kasich with donations.

Soros is famous for being pro immigrant and works to promote democracy and open borders around the world. He sees the rise of Donald Trump as a threat to his beliefs. But to understand why Soros is so good at seeing impending doom in the market and why he believes in open borders, you have to learn about his history.

His family narrowly survived World War II. Fake papers, secured by his father before the Nazi occupation of his home in Budapest, and a change of last names helped Soros survive persecution. He learned from his father to see potential dangers and he never forgot the hateful rhetoric that led to the anti-antisemitism that drove the last world war. In Trump, he sees a dangerous demagogue and his potential dangers. He is set on stopping him in order to help minorities and immigrants, like he once was.