Menu

American Retired Seniors

Just another WordPress site

Political and Social Contributions of George Soros in the USA

For decades now, Gorge Soros has been an influential role player in the political and social fronts, thanks to his generous nature. Soros is Hungarian-born who left the country and studying Economics in London. According to Forbes, Soros started humbly, engaging in waiter and railway porter jobs. Later, he started a financial career at a merchant bank.

Then, he moved to New York, where he started working at Wall Street before building an establishment with $12 million in 1969. This later became the Quantum Fund. In his successful path, George Soros shorted the British pound in 1992 alongside Stan Druckenmiller. He raked in significant profits that he was considered to have broken the Bank of England.

All along, he has been a renowned investor through his Soros Fund Management. This year, the large finance investor hired Dawn Fitzpatrick, a prominent Wall Street woman. She was to assume the duty of running Soros’s investment portfolio as the Chief Investment Officer of the fund. This is the seventh CIO to work for Soros Fund Management since 2000. Soros has not only been an icon in the investment world but also in the political and social arenas as well.

Follow: https://twitter.com/georgesoros?lang=en

Political and social contributions

In between his successful investment ventures, Soros has played a significant role in spending on the political as well as the social fronts. According to the Politico, the billionaire has been offering financial support to political candidates since 2004, when he gave out $27 million to John Kerry in a bid to defeat President Gorge Bush. He also committed over $25 million in financial support to Hilary Clinton as well as other Democratic candidates, the Politico reports.

Besides, he has also donated several million dollars to Priorities USA Action, which was a super PAC supporting Clinton. Soros also gave $2 million to American Bridge 21st Century, which was yet an opposition research aiming Trump and other Republican candidates too. Moreover, he gave $700,000 to Democratic Party committee’s assortment.

Soros has been supportive of Hilary Clinton and the Democratic Party. However, he has been against policies that may not bear positive results for the citizens. For instance, in his recent warning, he advocates against leaders embracing “siren songs”, terming it as a policy that could only mean a challenge in fighting terrorism.

George Soros established the Open Society Foundations.

On social contributions, Soros has also offered a big deal of philanthropic donations. One of the ways he has played a significant role is through his international foundation. This has donated well over $13 billion to nonprofit in the last three decades. They have also been aimed at shaping democracy in the East of Europe. Other causes that his contributions have aimed at include enhancing access to healthcare as well as education in the US and the world over.

Visit bigthink.com to know more about George Soros.