George Soros Businessman with a Cause

George Soros is no doubt an economic power. According to his Forbes profile, Soros put himself through the London School of Economics and eventually made his way to New York City where he started his own hedge fund. George Soros established his own hedge fund on Wall Street in 1969 and currently invests through Soros Fund Management. His net worth reported by Forbes on 4/17/2017 is $25.2 billion. Soros uses his wealth to further causes that are important to him and to further social and economic justice.

As mentioned in a Politico article titled “George Soros Rises Again“, Soros has spent a great deal of money contributing to Democratic causes. He reportedly spent $27 million to try to help John Kerry defeat George W. Bush. Soros was outspoken about the necessity of President Bush not being re-elected. When Kerry did not win the Presidency, Soros turned his attention to contributing to global causes focusing on human rights, health care access, and other humanitarian causes. He still contributed to campaigns in the United States as well but not on the level that he did in 2004. Read more about George at The New York Times.

In 2016, Soros contributed to several super PACs to support Hillary Clinton. Soros donated $7 million to a super PAC backing Clinton. He pledged another $5 to a PAC aimed at mobilizing Hispanic voters in key swing states. He has also donated to groups fighting the restriction of voting rights and access, local Democratic and Senate campaigns, and other groups that support liberal causes.

Learn more: http://www.discoverthenetworks.org/individualProfile.asp?indid=977

It is discussed in the Politico article that Soros returning to political spending at the levels in the 2016 election, could encourage other wealthy donors to spend more heavily on similar causes. Soros and other wealthy liberal donors helped Clinton to gain a financial advantage over the Trump campaign. George Soros has the potential to encourage more donations to causes that he is passionate about and thus giving those causes traction in future campaigns.

Learn more about his profile at Forbes.com.