George Soros is a man that likes to take risks. Risky currency trades is how he amassed an estimated $24.9 billion fortune which he uses to make a difference in the lives of the marginalized on a global scale. It seems that at the age of 86, the son of Hungarian Jews is still bravely willing to take huge risks, something he learned to do while fleeing Hungary, and working various jobs in order to pay his way through the London School of Economics before establishing his own hedge fund in 1969. According to Forbes, he is the 29th richest person in the world, and the 19th richest in the US.
Soros is an outspoken business leader but his passion for democracy and his blatant dislike of Republican policies has brought him praise and criticism. The backlash he received during and after the 2004 presidential campaign – in which he personally spent a staggering $27 million – only to have then Senator John Kerry narrowly lose to President George W. Bush left Soros disillusioned enough to consider never throwing big money into politics again.
The business mogul turned his money and message towards his Open Society foundation (which works to spread democracy in Eastern European countries, and expand education and health care internationally) and helped create the Democracy Alliance (a think tank that focuses on long-term battles such as big money in politics, climate change and income inequality). Visit projectsyndicate.com to know more about George.
A Politico article states that he has voiced concerns over campaign laws that allow the rich too much influence in politics, citing an operative that says Soros believes is “odious for any one individual to throw too much political weight around through donations,” a sentiment some of his critics found ironic.
He may very well have kept that position had Donald Trump not thrown his hat into the political spectrum. Soros has made the fact that he is not a fan of the real estate tycoon clear; he believes his fearmongering works in ISIS’s favor and finds him to be a threat to the environment, civil liberties, and immigration reform.
Despite the unpleasantries of the 2004 campaign and donation concerns, George Soros, a man that thrives off of taking risks, brought his name and money into the 2016 campaign by committing $25 million to his friend of 25-years, Hillary Clinton, and other Democratic interests. His willingness to give so generously enticed other well-heeled donors such as hedge funder Don Sussman, environmentalist Tom Steyer, and others to back democrats running for office. Funnily enough, this fervent supporter of Democratic policies has never attended the Democratic convention but is clearly willing to continue pouring money behind his beliefs. Know more on Investopedia about George Soros.