Hedge fund owner, currency trader, philanthropist and political activist George Soros has reentered the political world after a long stretch away from the game, according to Politico. Soros re-entered the political world in July of 2016 when he gave a massive donation ($25 million) to organizations supporting the Hillary Clinton presidential campaign. Soros has publicly expressed his distaste for Donald Trump, saying Trump is “doing the work of ISIS.” It’s no surprise then that Soros would back Clinton, who he has known for many years.
Read more: http://www.forbes.com/profile/george-soros/
The last time Soros had given a major donation to a presidential campaign was back in 2004, when he sought to influence the campaign against George W. Bush. After Obama became president, Soros stepped back and later became involved in the financial markets once again. Now however, the drama of the 2016 campaign has energized him and made him interested in politics once again.
As a Hungarian immigrant and World War II survivor, Soros is a left-leaning businessman who is truly a self made man. His business and financial acumen has lead him to make incredible bets on the markets, and his fortune is now said to be valued at $24.9 billion. Know more on cnbc.com about George Soros.
A Catalyst For Other Donors
Besides the incredible generosity of Soros’ gift to backers of Hillary Clinton, his donation has other significance as well. Soros has been known to be a catalyst for other donors, so his re-emergence as a political donor may motivate others to give generously.
Now that Trump is actually in the white house, political watchers are waiting to see what moves Soros will make next. George Soros apparently expected Clinton to win the race (as did most other political watchers), and her loss may motivate him to become even more involved in the political world. Even at age 85, Soros shows no signs of slowing down, so we have to assume that he will continue to stay very active in finance and politics. Learn more on Discover the Networks about George Soros.