George Soros is a Hungarian businessman whose net worth is $25.2 billion. While he was young, he fled his country and moved to the United Kingdom where he joined through college and studied economics.
Soros’ achievements in business
Early in his life, he did a variety of odd jobs as a railway porter and waiter. Having raised sufficient capital, he decided to move to the United States in search of greener pastures. White at the U.S., Soros launched his hedge fund company. His initial starting capital was $12 million. After a series of achievements, Soros later rebranded his firm to Quantum Fund. About two decades ago, while working in collaboration with Stan Druckmiller, he made a bet involving the British Pound that resulted in increased profits. Years later, George Soros remains one of the richest and successful entrepreneurs in the U.S. His company, Quantum Fund, has assets worth $30 billion. Recently, Soros hired one of the successful women on the Wall Street to manage his investment portfolio. Dawn Fitzpatrick is the current CIO of the renowned Soros Fund Management. She is one of the fortunate chief investment officers who have had the privilege of working for Soros since 2000. Read more about George at The New York Times.
Soros re-emerges in the political scene
Soros has been endorsing politicians for years. In 2004, he spent over $27 million in an attempt to send President George Bush home. Since then, Soros had remained silent and kept off the political scene. In 2016, he re-emerged to fund Democratic politicians and gave out $25 million to boost Hillary Clinton’s campaign. Aside from Hillary, he also endorsed other politicians belonging to the Democratic Political Party. Hillary and Soros have known each other for the last 25 years.
According to his associates, the 2016 general election had made Soros hopeful that Hillary would win against President Donald Trump. According to Michael Vachon, Soro’s political advisor, he has been donating to various Democratic causes for years. His support for Hillary was viewed as an advantage to her against President Trump. Soros willingness to give stirred a spark on other rich fellows, such as Don Sussman, Haim Saban, and Tom Steyer, to fund the politicians of their choice. Towards the end of June 2016, Soros had dished out approximately $ 7 million through PAC to support Hillary’s candidacy.
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Reports show that Soros committed $2 million to the American Bridge 21st Century, an organization that targeted Republican politicians. He also donated $5 million to Immigrant Voters to sway votes in favor for Hillary. Other organizations funded by Soros are American Votes, Senate Majority PAC, End Citizens United, and the Voting Rights Trust. End Citizen United, an organization that supported Hillary due to her pledge to enforce campaign finance reforms was given $5000. Previously, Soros supported the election and re-election of President Barrack Obama.