George Soros – In Politics But Out Of Politics

George Soros a born in Hungary, America on the 12th day of August 1930. An 86 year old Soros is considered as an investor, philanthropist, business magnate, and an author. Soros is said to be among the most successful investors in the world. By May 2017, his net worth was worth $25.2 billion. This made him one of the 30 richest guys in the world.

In his schooling, he attended the London School of Economics and he graduated with bachelors. Later, he graduated with his masters in philosophy. He married three times and blessed with 6 children.

His business career began by accepting to take various jobs that opened his eyes for later business opportunities. He started with Merchant banks, the Double Eagle, the first hedge fund in 1969. The profits gained from Double Eagle were used to fund his second hedge, Soros Fund Management, 1970. Read his profile at Forbes.

George Soros is a known supporter of American liberal and American progressive political causes do his donations through his own foundation, Open Society Foundations. He donated $11 billion to various philanthropic events in between the years of 1979 and 2011. He had given a donation of $12 billion by 2017 to various civil initiatives. These funds were meant to help reduce poverty, increase transparency and support the students gain their academic dreams as scholarships. George Soros also played a key role in the diplomatic transition from communism to capitalism in the late 1980s and 1990s in Eastern Europe. In his hometown, he supported the Central European University in a big way.

George Soros has been involved in politics not actively in it but through his enormous financial contributions. According to the Centre for Responsive Politics, Soros contributed to the 2003 and 2004 election $23, 581,000 to 527 Groups. These funded groups were aimed to defeat President Bush. Sores and other donors resorted to supporting a new political fundraising group by the name Democracy Alliance after Bush’s re-election. This group was formed to support progressive causes formation of strong progressive infrastructure in America.

George Soros donated $35 million in August 2009 to the New York State. This was meant for underprivileged children and the parents as well benefited more so those with valid cards. $140 million also was invested into the fund, the money recovered from 2009 federal recovery act.

George Soros supported Center for America Progress and continues to support it even when it’s through Open Society Foundations.

A story is written in the Reuters story in the year 2011 that salutes the contribution of George Soros though his activities were underwater.

In 2012, September 20th George Soros announced that he was backing up President Obama’s reelection by donating $1million to Priority USA Action. Read more on NYTimes.com.

Therefore as seen from the above observations, George Soros is a very active political supporter since 2004 up to date.