George Soros is a renowned billionaire Hungarian-born New Yorker investor in the United States. He quietly reemerged as a chief funder of the Democratic politics by committing more than 25 million US dollars to support Hillary Clinton, the Democratic Presidential candidate as well as other candidates and causes of the party. Soros had scaled back funding political initiatives after spending USD 27 million in 2004 in trying to defeat President Bush.
Soros Financial Contribution to the 2017 Presidential Election in the US
Although other elite liberal donors stroked big checks in support of the Democratic Party, very few bellwethers the impact that Soros made towards campaigning for the party. The Federal Election Commission (FEC) reports as well as interviews with associates and fundraising operatives of the Democratic Party confirm that George Soros donated or dedicated over USD 25 million to support Democratic candidates and causes.
Breakdown of How Soros Distributed Donations to Groups Supporting the Democratic Party
By the end of June, Soros had donated USD 7 million to Priorities USA Action, a super PAC that supported Clinton, and some Deocratic operatives stated that Soros was considering adding 3 million dollars to the group. The American Bridge 21st Century which is an opposition research super PAC that was targeting Trump as well as other Republican candidates received 2 million dollars from Soros. Various Democratic Party committees as well as PACs and campaigns received USD 700,000 from Soros and the billionaire committed USD 5 million to the Immigrant Voters Win, a super PAC that was devoted to raising the numbers of the lower -tendency Hispanic voters in swing states.
Other groups that benefited from Soros donations included the Voting Rights Trust that received five million dollars, the America Votes mobilization group which was given usd 2 million, and the Senior Majority PAC that received usd 1.5 million among others. Since Soros made an estimate of USD 24.9 billion fortune through risky currency trades, he was expected to add more money in aid of the Democratic Party political activities towards the Election Day. Know more about George Soros on CNBC.
Reasons Why George Soros Donated Lots of Cash in Support of the Democratic Party
Soros poured this large amount of money because he had faith in Hillary Clinton and also because of the past confrontations that make him too strongly detest of Donald Trump being the President of the United States. Even before President Trump became a presidential nominee, Soros who has consistently donated to Democratic causes, had put exceptionally higher political stakes due to the hostility towards most issues that he cares most about and has over the years worked to support such as criminal justice, immigration reform, and religious tolerance. Learn more about his profile at Forbes.com.
George Soros’s Response to the Election Results
The election of Donald Trump as the president of the US was a shock and big disappointment to George Soros and other rich liberals that had donated tens of millions of dollars in support of Clinton. They held closed door meeting to retool the huge amount of cash left to fight back against the president elect Donald Trump. Soros is a leader who believes in justice and will do everything in his power to support the things he believes in.