George Soros came into the limelight during the 2004 elections in the US. The billionaire investor spent over $27 million, trying to make sure that George W. Bush didn’t get into office. He spent this cash on Bush’s opponents at http://www.politico.com/story/2016/07/george-soros-democratic-convention-226267. Many thought that he wouldn’t reemerge after this. Contrary to this, Soros has reemerged. The billionaire has pledged over $25 million to fund Hillary Clinton’s campaign. The funds are to be used to also fund other Democratic candidates. Sources close to him indicate that Soros may give more as the countdown to Election Day keeps going.
The 85-year-old was expected to appear at the Democratic Convention, something he hasn’t done before. Soros, however, canceled this trip. An associate of his says that the trip was canceled because George Soros wanted to monitor Europe’s economic situation closely, since he had gone back to active trading.
Those close to Soros, however, have seemingly noted a strong revival in his engagement with politics. This is evident as Soros hadn’t been politically active for quite a long time. What seems to motivate him is the strong faith he has on the Democrat candidate. His dislike for Trump also seems to be another motivating factor. George Soros is known to have compared Trump’s work to that of ISIS, since Trump works by stoking fears.
Michael Vachon, Soros’ official political advisor, seems to agree with this. He states that although his boss has been known to contribute to Democratic causes consistently, the donations have been exponentially high this time. He goes on to explain that the donations even began before Trump was selected as the Republicans’ candidate on opensocietyfoundations.org. This is because of the difference in ideologies that Soros and the republicans had. The issues that the republicans brought forth seem to have contradicted what Soros was standing for. The immigration reform and religious tolerance are just but a few of such ideologies.
This move by Soros has seen other significant donors contribute to Clinton’s campaign on Forbes. Tom Steyer, an environmentalist from San Francisco, pumped in over $30 million. Don Sussman, the founder of the New York hedge, has made contributions that total to $13.2 million for various purposes. Media personalities, Fred Eychaner and Haim Saban, have donated a total of over $20 million to the campaigns.