George Soros’ Contribution to Hillary Clinton’s Campaign and His Remarks after the Election Results
U.S. business magnate George Soros came out of the sea after years of inactivity to fund 2016 democratic presidential elections. George Soros has been active in funding democratic politics and causes. The Federal Election Commission and Soros’ associates estimate that he funded Hillary Clinton and other Democratic candidates’ campaign to a tune of $25 million.
George Soros’ wealth portfolio stands at an estimated $24 billion, which he amassed through risky financial trades. The 85-year-old business mogul, who owes his roots in Hungary, had drawn up a plan to attend the Democratic convention to meet up with Hillary whom they have had more than 25-year relationship. However, George Soros later shelved the plan to concentrate on monitoring the unfolding events in Europe. He actively returned to active trading after sitting out for many years.
People close to the billionaire said he started to get actively involved in political as the countdown drew nearer. His associates pointed out that his main motivation for actively engaging and funding Clinton campaign at http://www.politico.com/story/2016/07/george-soros-democratic-convention-226267 was due to his gut belief in Hillary Clinton, and the growing fear of the Republican candidate Donald Trump, who he views as a potential threat to democracy, by advancing undemocratic policies.
Michael Vachon, George Soros’ political advisor, in a statement, said that his client had been a donor towards Democratic Party causes for many years, but this year’s election is special on Forbes. He pointed out that the stakes in the previous elections have been equally high due to the hostilities perpetrated by other Republican candidates towards his Democratic policies, which he truly cares about, and has dedicated his entire life to defend. The causes he has dedicated his life to protect include religious tolerance, immigration reforms, and criminal justice reforms.
The all-out approach by Soros to expend cash to get the best of Trump was viewed among Democrats as a good sign for Hillary Clinton. Soros was even seen as able to influence other rich activists to chip in.
George Soros actions prompted other elite liberal donors to sign off big checks such as New York hedge funder, Don Sussman, who donated $13.2 million to different committees and campaigns, Tom Steyer , the San Francisco environmentalist, who donated to a tune of $31 million in 2016 alone and media magnates Fred Eychaner and Haim Saban, who both donated $11.1 million.
The entire effect of Soros’ mobilization of the rich donors really boosted Clinton’s campaign and its affiliated outside groups by building a strong financial base over Tramp campaign on opensocietyfoundations.org. Some of the groups Soros funded include Immigrant Voters Win that was committed to boosting turnout among low Hispanic voters in main swing states. He donated an estimated $5 million towards the cause.
He also donated a further $5 million to an NGO dedicated to battling conservative campaigns to limit voting. The NGO, called the Voting Rights Trust, was in fact partly run by Marc Elias, Clinton’s campaign lawyer.
George Soros was upset about Trump’s win, but said that he will still work with NGOs, activists, and other groups to ensure that democracy is preserved. He particularly pointed out that he’ll focus on immigration, the justice system, and trade.