George Soros Giving Millions to Support Democratic Causes around the World

Posted by Wiscy on May 7, 2017

Those who know George Soros cannot dispute the successful investor’s power in US politics and culture. The New York-based hedge fund manager has since the 1980s been an active funder of democratic causes around the world. His activities in the political world have helped reshape political landscapes in many countries, leading to the toppling of some long-serving regimes. In 2004, Soros sensationally committed $27 million to help defeat the US President George W. Bush. Over the years, Soros has become as the most influential funder of Democrat causes. During the recent US political campaign, Soros donated over $25 million to back Hillary Clinton’s presidential bid.

A firm believer in Democrat ideals, Soros supports various organizations that support the party’s causes. For instance, Soros has doled out substantial amounts of money to Priorities USA Action, Immigrant Voters Win, and America Bridge 21st Century, all of which uphold Democrat beliefs.

George Soros was born in Budapest Hungary on August 12, 1930. His father Tivadar Schwartz was a practicing attorney and a zealous supporter of Esperanto, a language invented in the 1880’s to help reduce nationalistic tendencies and foster intercultural harmony. In1936, Schwartz changed the family surname to Soros, an Esperanto verb that means “will soar.” In 1947, the Soros relocated to England, and the young George enrolled at London School of Economics (LSE). It was at LSE that Soros would interact with Karl Popper’s works. Although Popper was a teacher at the same school, he didn’t directly tutor George. His ideas on open society, however, which he wrote in his book under the same title, were very influential on George Soros. The book supported a moral code that put mankind welfare above personal interest. For the rest of his life, Soros would follow the same ideals. Visit Project Syndicate to learn more about George.

After graduating from LSE in 1952, Soros started working at Singer and Friedlander, a London brokerage firm. Later, in 1956, he relocated to New York, where he met and married Annalise Witschak in 1960. He became a US citizen in 1961.

In the years following his relocation to the US, Soros founded Double Eagle, a hedge fund investment that grew rapidly to over $1 billion by 1985. Currently, Soros’ investments have brought him more than $24.9 billion, making Soros one of the 30 wealthiest people in the world.

A significant chunk of George Soros’ fortune goes to support philanthropic causes. His nonprofit foundation, the Open Society Foundation has been an active supporter of tolerant and vibrant democracy in many countries around the world. Since the early 1990’s, Soros has spent hundreds of millions of dollars per year to help fund different charitable causes. Learn more about his profile at Forbes.com.

Sources

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

http://www.politico.com/story/2016/07/george-soros-democratic-convention-226267