According to a recent article released by Politico, billionaire George Soros, who amassed his significant wealth in the business of currency trades, has gotten firmly back into the political arena, reigniting what had, for a time, been an uncharacteristically quiet hiatus. In 2004, in what would become one of the highest single efforts in history in terms of campaign backing, George Soros spent an estimated $27 million in efforts to defeat George Bush. It seems as if Mr. Soros has done it again. According to the Federal Election Commission records, in support of Hilliary Clinton, and other Democratic candidates, Mr. Soros donated an estimated $25 million. Today his fortune is believed to be in the neighborhood of $25 billion. Follow George Soros on twitter.com.
As Hilliary Clinton was set to accept the Democratic nomination, it was said that Mr. Soros would be attending his very first Democratic Convention, in support of Clinton, with whom he has a 25-year relationship. This trip was canceled at the last minute, as the 85-year-old Soros felt the economic situation in Europe needed his attention. As Mr. Soros has recently returned to active trading, this seems understandable. Despite this last minute change of heart, those closest to Mr. Soros seem to insist that he is more politically involved now than he has been in many years. He has openly expressed his opposition to Donald Trump, and many believe that this could be the reason he has intensified his political efforts recently. Know more on CNBC about George Soros.
Michael Vachon, Mr. Soros’ political advisor, recently went on record to remind the public that many of the issues that are nearest to George Soros’ heart are opposed by the Republican Party, and with Donald Trump at the helm, the stakes are extremely high. Mr. Soros isn’t the only wealthy activist lending a hand in response to Mr. Soro’s efforts. Don Sussman, Tom Steyer, Haim Saban, and Fred Eychaner, each titan in their respective fields, have all followed suit and donated significantly to the cause. The support of Hilliary Clinton’s wealthy backers has, in the estimation of some, given her a significant financial advantage over Donald Trump. Throughout the electoral process, George Soros has not been timid about his position regarding each of the Presidential candidates, and his process of political spending this year has even drawn comparisons to his efforts in the 2004 election, where he likened the Bush Administration to the Nazis.