George Soros has made a name for himself. He is often known for supporting human rights initiatives and good governance all over the world. George Soros was born in Hungary during the Nazi occupation of the Hungarian territories. He fled Hungary to England where he enrolled in the London School of Economics. He got a job as a finance officer at a merchant bank.
According to Forbes, he relocated to New York where he started his hedge fund in 1969 with $ 12 million after joining Wall Street. After a while, the firm was re-branded to Quantum Fund. Years later, Soros still command respect in the investment industry through Soros Fund Management. Through his family office, he owns $30 billion in assets. Soros hired Dawn Fitzpatrick, one of the most prominent women in Wall Street, to manage his Soros Fund Management as its Chief Investment Officer. Since 2000, Fitzpatrick is the seventh CIO. He is also a supporter of the liberal causes and has been a fierce critic of Donald Trump and his policies.
During 2016 United States Elections, Soros re-emerged by giving financial support to the Hillary Clinton and other Democratic candidates and the top bogeyman of conservatives. According to the information obtained from the Federal Election Commission and Soros’s associates through interviews and Democratic fundraising operatives, Soros gave over $25 million to Democratic Party causes. Soros made about $ 24.9 billion through risky currency trading and was expected to provide even more before the voting day.
It was during this particular election period that Soros seemed to have a renewed enthusiasm and combination of faith in Clinton’s candidacy and the pessimism of the GOP candidate rival Donald Trump, whom Soros accused of doing the hard work for ISIS by cultivating fear. According to Soros’ political adviser Michael Vachon, Soros had been giving financial support to the Democratic causes. However, in 2016 stakes seemed to have gone very high. He added that even before Donald Trump being confirmed as GOP candidate, the stakes were high. Vachon highlighted that the other side became opposed to many issues that George cared about and has made efforts to improve for many years. These items include the immigration reforms, religious tolerance and justice reforms.
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The 2016 motivation by George Soros to contribute toward the Democratic causes are similar to those in 2004. Soros was genuinely motivated by the opposition to the Iraq War and other Bush Administration policies which led him to support the liberal groups and John Kerry’s unsuccessful challenge to Bush’s return to power. Soros’ powerful inflammatory rhetoric accompanied the spending; he stated that the Bush administration was similar to the Nazis and insisted that defeating Bush as a “matter of life and death.” His opponents attacked him viciously by casting him as self-hating Jew amongst others. Despite the personal attacks on him, Soros has always been committed towards making life better through reforms. Read more on NYTimes.com.