The billionaire, George Soros has reemerged as the leading financial supporter of Democratic parties evidenced from over $25 million he channeled to support Hilary Clinton and other Democratic candidates in campaigns.
According to the information provided by some of his associates, Soros had gained a cumulative fortune of about $24.9 billion through risky currency business and is expected to give more as election date nears. George Soros had planned to attend his first Democratic Convention to watch Clinton but due to some trade associated reasons he canceled his trip. The 85-year-old Hungarian according to his close companions, is more engaged in politics this year than before. They added that he is so much motivated by his faith in Clinton as well as the fear of her opponent Donald Trump, who Soros accuses of being involved with ISIS doings.
Michael Vachon, Soros’s political adviser, says that even if his boss has been supporting liberal causes, this year he has spent remarkably higher amounts. He added that apart from spending on political issues on topics.wsj.com, George has always purposed to assist on many matters that include criminal justice reform, immigration reform as well as religious tolerance.
George Soros through his tremendous financial support towards Clinton is clear indication of his goal to ensure Clinton beats Trump during the elections. Compared to other elite liberal donors, such as Tom Steyer, Don Sussman, and media moguls Haim Saban and Fred Eychaner, who have supported different campaigning committees, Soros’s most donations were towards Clinton’s campaign. His funding has facilitated Clinton and her allies to come up with a humming campaign machine that defeats Trump’s.
By the end of the month of June, Soros had given $7 million towards Priorities USA Action, a super PAC that supports Clinton on Forbes. According to FEC records, he also gave some funds to several other PACs, Democratic Party Committees as well as campaigns to facilitate their operations.
George Soros committed more than $5 million to a non-profit organization dedicated to fighting against conservative efforts to restrict voting. The group is run partly by Marc Elias, the campaign lawyer of Clinton. Any donations to this organization are not required to show on public reports according to its registration requirements.
In 2004 George Soros had dialed back his political donations, where he said that he might never spend exceptionally in politics again. His philanthropic attention instead was turned to his international foundations and donated about $13 million within the three decades. The donations were for non-profit organizations that defend human rights, outline the demographic process in Eastern Europe as well facilitation of education and health care in the United States and rest of the world.
Soros seems to have great faith in Clinton as the presidential candidate for 2017 elections. According to the amounts spent already in this year alone, George Soros might continue to support Democratic campaigns and committees financially heavily.