George Soros Supporting Democratic Ideals through Funding

George Soros’ passion for vibrant democracy and tolerance has led to his massive funding of various political causes around the world. The successful hedge fund manager spends hundreds of millions of dollars each year to support democratic ideals in different governments around the world. His open support for Democrat causes came to the limelight in 2004 when Soros committed $27 million to help defeat President George W. Bush in the race to the white house. Since then, the billionaire has emerged as the top donor of Democrat affairs. During the last presidential campaigns, Soros donated more than $25 million to Hilary Clinton’s campaign. Through his organizations, Soros has given substantial financial support to Priorities USA Action, America Bridge 21st Century, and Immigrant Voters Win among other Democrat initiatives. Currently, Soros influences US politics and culture more than any other person alive. Read his profile at Forbes.

Soros was born on August 12, 1930, in Budapest, Hungary. His father, Tivadar Schwartz was a firm believer of intercultural harmony through the reduction of nationalistic impulses. Schwartz supported the use of Esperanto, an artificial language created in the 1880’s to help bring people of different cultures together. In 1936, Schwartz changed the family surname to Soros, an Esperanto term meaning “will soar.” After the Soros family relocated to London in 1947, George joined the London School of Economics (LSE). Here, he got exposed to Karl Popper’s book The Open Society which called upon people to adopt a moral code that places mankind’s welfare above personal interest. It was a message that would influence Soros’ thought and action for the rest of his life. He graduated from LSE in 1952 and took up a job at a London brokerage company, Singer and Friedlander. Four years later, Soros moved to New York in 1960, where he set up Double Eagle a few years later. The firm experienced unprecedented growth from $4 million in 1969 to over $1 billion in 1985. Soros married Annalise Witschak in 1960 and became an American citizen the following year.

Over the years, George Soros has been immensely successful in his investments. His firm, Soros Fund Management, controls over $25 billion in investor assets, making Soros one the 30 wealthiest people on earth.

Soros is an active philanthropist. His foundation, the Open Society Foundation supports numerous charitable causes in the 70 countries it is available in currently. Soros has also spent tens of millions of dollars in funding different media properties, including news houses and journalism schools. Read more on NYTimes.com.

Sources

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

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

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