George Soros Returns to the Political Fray

 

Few figures in the financial world have the extraordinary reputation of George Soros. Even fewer are known for being lightning rods for controversy. The latter quality is largely due to his unabashed liberal views and often inflammatory comments. Soros has been rather quiet since he backed John Kerry’s failed challenge to George Bush in 2004. A Politico article says Soros resumed an active role as a political activist in 2016. Despite being in his eighties, he seems to have lost none of his fire.

Read more about George at The New York Times.

Born in 1930, George Soros grew up in his native Hungary. His youth was spent in a nation under the domination of the Nazis, and then suffered a similar fate when the Soviet Union took over. Soros escaped to England, taking with him a lifelong hatred of authoritarianism. He attended the London School of Economics. George Soros worked his way through school as a waiter and railway porter. After graduating, he began his career at a merchant bank. He moved to New York in the early 1950s. In 1969, Soros was able to create his own hedge fund. He built a remarkable record of success as a stock and currency trader. In 1992 Soros made over a billion dollars almost overnight by shorting the pound. This exploit earned him a reputation as “the man who broke the Bank of England.” Soros no longer actively runs his firm, Soros Fund Management. He is estimated to be worth about $25 billion.

George Soros has long been a supporter of Hillary Clinton, which partly explains his return to the political scene in 2016. In addition, he makes no secret of his antipathy for Donald Trump. In the months leading up to the election, Soros donated over $25 million to various liberal political action committees. Much of this money went to support the Clinton campaign. Soros also gave money to support senatorial candidates and some state and local Democratic candidates. He also supported efforts to increase immigrant voting, and to protect voting rights.

Read more: http://www.cnbc.com/george-soros/

Although Soros stepped back from direct involvement in the American political scene for a time, he has not been inactive. For decades he has actively supported a variety of causes. Examples include immigration and criminal justice reform in the United States. He has funded efforts to improve education and health care globally and in the US. Through his “Open Society” foundations, Soros works to promote human rights. He is particularly interested in improving the treatment of refugees coming to Europe. Another of his interests is to promote the development of democratic institutions in Eastern European countries. Politico says Soros has given over $13 billion to support these causes over the last 30 years. Learn more about his profile at Forbes.com.