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September 2017

George Soros: The Democrats’ Hero

George Soros is Hungarian Born American aged eighty-seven years. He is a graduate of the London school of economics with a bachelor degree in art and science. He saw himself through the London school of economics. Driven by passion and determination, he worked as a railway porter and a waiter, and it is with the wages he earned that he managed to pay his school fees. He later moved on to work as a banker. George Soros is the known as the man who broke the bank of England. Moving to New York in the late 60’s, he got his start in Wall Street establishing a hedge fund of his own with twelve million dollars. The Hedge Fund later changed its name to Quantum Fund in the early 90’s. It is with the Quantum Fund alongside Stan Drunkenmiller that he shorted the British pound. This leads to very high profits, and it is with this that he is called the man who broke the bank of England.

This man, George Soros, did not let his shining star fade off. He is one of the investment heavyweights in the world. He has managed this through his company, Soros Fund Management. According to Forbes, George Soros real-time net worth is $ 25.2 billion, that is of the 9th of September 2017. He is ranked as the 29th richest billionaires on the planet and 19th in the United States by Forbes. In 2016, Forbes ranked him as the tenth highest earning Hedge Fund Managers and

In 2004, George Soros was essential in Democrats’ campaign where he donated a whopping $27 million. His political giving was not to end there as in 2016; he rose again to support the Democrats including Hillary Clinton, their preferred presidential candidate. He donated a sum of twenty-five million dollars to aid the Democrats’ political campaigns. He also did mobilize groups and business moguls to chip in for the campaigns. For instance, according to Vachon, George Soros committed $ 2 million to America Votes, an organization that deals with voter mobilization to ensure voters turned out in large numbers giving Clinton a better chance to win.

After the 2004 elections, George Soros took a break in political giving and rather focused his attention on philanthropic works for his international foundations. He has donated over thirteen million dollars to organizations focused on defending human rights, shaping democracy in Eastern Europe, education and health expansion in the United States and across the globe among others and contact him.

To help curb short-term battles, in 2005, he played a role in the formation of a secretive club of the main liberal donors called the Democracy Alliance. Its creation helped a lot in solving crises such as climate changes as well as income inequality and more information click here.

George Soros has played a vital role in the growth of democracy as well as ensuring equality among the people through his philanthropic works. He is truly a living legend and what George knows.

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