The legendary trader from New York, billionaire trader George Soros is opening up his wallet for the 2016 presidential election. Soros continues to ramp up donations to the Clinton campaign, with another cash infusion. This recent donation comes on top of the eight million dollar contribution he made in early 2016.
Soros cemented his name in 2016 as a leading political donator to the Clinton Campaign. Soros 2016 contributions have toppled the cash he donated in 2012 to the Democratic Party. Hillary Clinton continues to extend her open door policy with the billionaire trader. Mr. Soros is passionate about policy discussion. One policy in particular stimulated his latest donation spree to Hillary Clinton: Immigration.
Soros dislikes Donald Trump’s immigration policy, and his support for Hillary extends far beyond words. As rhetoric ramps up in 2016, George Soros continues to reinforce his support for the Democratic Presidential nominee by committing cash to defeat Donald Trump.
Soros displayed his commitment to immigration reform with a recent contribution to Immigrant Voters Win. The purpose of this contribution is twofold:
1) Get more Latino voters to the polls
2) Persuade Latino swing voters to support Hillary Clinton
Read more: Here’s How George Soros’s Latest Predictions Have Played Out
The contribution comes amidst a perceived enthusiasm gap with voters. Both sides are courting undecided voters heavily. George Soros is utilizing a wise strategy to get immigrant voters fired up to go to the polls.
Demographic shifts provide another piece of the political puzzle. Each year, Latino voters hold more voting power. This power has not gone unnoticed by either side, which is why Mr. Soros ramped up his donations to immigrant voting groups.
Any donation from Soros commands attention from both sides of the aisle. Democrats look to George Soros support as a marker for their campaign success. The more he gives, the more the Democratic base gets energized. The more they get energized, the more they contribute, and not just in dollars. A George Soros contribution sparks a passionate Democratic response.
Republicans keep tally on the billionaire’s donation like hawks watching prey. Mr. Soros wields heavy influence, and Republicans use his contributions on Forbes as a tool to energize their own base.
Michael Vachon, Soros’ political adviser notes the billionaire’s renewed passion for the 2016 election. “This year the political stakes are exceptionally high.” As election season heads into the final weeks, all eyes will be on Soros. Mr. Soros hinted at additional contributions as election day approaches. Buckle up, it’s about to get interesting.
Money tends to make a lot of noise. Such is the case with investor George Soros. One of the world’s richest men thanks to his canny investments, Soros has again come out from the shadows. He has stepped up lately, according to an article on CNN, to speak out in this highly busy political season. While a native of Hungary, Soros has also taken an interest in many countries around the world. This includes the United Kingdom where he was an outspoken critic against Brexit or exiting from the European Union. It also includes the United States where he has chosen to make his voice heard and his viewpoints known. As those in America start to head towards the conclusion of an election cycle on Investopedia, he is right there with them both as a participant in the election as someone who has chosen to donate a lot of money to one party.
Soros is someone who has amassed a large fortune. His money was made by correctly predicting the fall of the British pound in the mid-1990’s. By betting against it, he was able to see his own stock rise. In the aftermath of his decision to bet against the pound, George Soros has continued to see his own stock rise in the United States and Europe. His latest foray has been one into the world of politics where he is a much sought after speaker and pundit. Many people find it useful to listen to his thoughts on the matter. Perhaps less surprisingly, many of those running for office also find it helpful to get funding from him. This is very much the case with one of the major parties in the United States. The Democrats have turned to him for help in this particular election cycle.
Read more: Soros Says Brexit Has ‘Unleashed’ a Financial-Markets Crisis
Helping The Dems
In particular, George Soros has been a major supporting of Democratic party nominee Hillary Clinton. He has donated over twenty-five million dollars to her campaign alone, making him one of the largest of all donors to her campaign and one of the largest donors to any party in the entire United States. While Soros watches from Europe, he also keeps a close eye on conditions in the United States. Certain issues in this presidential campaign are issues that he feels strongly about and wishes to see implemented. Soros is of the opinion that Donald Trump, the nominee of the Republican party, is someone who will not be a good fit for the needs of the United States and the good of the entire world. Soros has decided that it makes sense for him to speak out against Trump’s candidacy and in favor of electing Democrat Hillary Clinton to office instead.
In a move that has raised the eye brows of conservatives; moderate Ohio Governor John Kasich has received $488,000 from Soros Fund managers, Scott Bessent and Stanley Drunckenmiller the Political Insider is reporting. Bessent was Soros chief investment manager until late 2015, while Drunckenmiller is the manager in charge of a $2 billion Soros investment fund. Drunkenmiller was also the top manager at the hedge fund, when Marhetwatch analyst George Soros broke the Bank of England during the currency crisis of 1992; making a cool $1 billion after the British Pound was devalued. News of the donation to Kasich campaign comes after Soros donated $8 million to a pro-Hillary Clinton supporting PAC. George Soros has traditionally supported far-left leaning organizations including ACORN, Move-on.org and a host of pro-amnesty organizations.
Soros is a strong believer in the principles of open society and is opposed to more border security, something that is championed by leading Republican presidential candidates to the White House, Donald Trump and Ted Cruz. On the other hand, George Soros sees Kasich as a reasonable voice in the ongoing Republican primary and this is partly the reason Kasich’s campaign has caught the eye of the leading donor in the left of the political divide. On Tuesday, March 15 John Kasich won Ohio’s Republican primary with 46.8 percent vote, the win gave him all the 66 delegates from the Buck Eye’s state. He was followed by Donald Trump and Ted Cruz, who garnered 35.6 percent and 13.1 percent of the vote respectively. The campaign team of Senator Marco Rubio had earlier encouraged his supporters to back Kasich in a belated move to clip Donald Trump’s delegates count.
About the Man: George Soros
George Soros is a self-made Forbes billionaire investor and a renowned philanthropist. According to Biography.com, Hungarian born businessman began his philanthropic work in 1979. His organization, the Open Society Foundations (OSF) had cumulatively given over $7 billion by 2012. To execute its mandate effectively, Open Society Foundations has built a network of paralegals and lawyers who have represented hundred of individuals held unlawfully by various regimes. Most of those represented are people without legal representation and those who have been convicted for years. Soros remains a fervent supporter of liberal and progressive political views, something that has seen him make heavy donations to various political groups and causes.
In 2004 according to a bloomberg.com article, Soros supported John Kerry, the then Democratic Party candidate for president. In 2009, Soros help found the Institute for New Economic Thinking (INET) with a startup donation of $50 million. Soros has also written and co-authored several books discussing various issues including political, economic and financial aspects of life. According to the website thefamouspeople.com, his bestselling books include; “The Age of Fallibility”, published in 2006, “Open Society: Reforming Global Capitalization” published in 2001 and “The Tragedy of the European Union” published in 2014 among upstanding works. Following his impact in the global financial world, Soros was awarded the Yale Center for Finance Award in 2010 by the Yale School of Management.