George Soros: Background & Recent Provisions

It was recently reported on Forbes that George Soros’ net worth is $25.2 billion. Forbes also stated George Soros’ background. Soros was born in Hungary. As a young man, he fled the country, and he worked really hard as a waiter and railway porter where he was able to put himself in the London School of Economics. Afterwards, he started working in finance at a merchant bank, and then he moved to New York later on where he started with Wall Street by establishing a hedge fund worth $12 million in 1969. The fund was rebranded as the Quantum Fund later on. In 1992, Soros made such as great profit while working with Stan Druckenmiller that he became well regarded as the man who broke the Bank of England. And since then, Soros continues to be the investing giant though his family office called Soros Fund Management which has $30 billion in assets. And in this year, he hired a prominent woman in Wall Street, Dawn Fitzpatrick, to be the chief investment officer for Soros Fund Management. Read more on BigThink about George Soros.

With Soros being a longtime supporter in liberal causes, he has been a really hard critic of President Donald Trump. His opposition against President Donald Trump became well-known in 2016 as illustrated in Politico when George Soros gave over $25 million to support Hillary Clinton and other Democrats and their causes. Before that time, he wasn’t investing as much for a while. The last time he has done a large investment like that is when he gave $27 million to defeat President George Bush in 2004.

The following amounts were reported up to July 2016 when this report came forward concerning Soros’ donations:

  • $7 million to Priorities USA Action, a super PAC supporting Clinton
  • $2 million to an opposing research super PAC targeting Trump and other Republican candidates, and it is called American Bridge 21st Century.
  • $700,000 to a variety of PAC campaigns and Democratic Party committees
  • $5 million to Immigrant Voters Win, a super PAC devoted to increasing low-propensity Hispanic voters’ turnout in key swing states, even though FEC has shown that he only donated $3 million by the end of June
  • $5 million to the Voting Rights Trust, a nonprofit devoted to fight conservative efforts in restricting voting
  • $2 million to America Votes according to Vachon, and this is a voter mobilization group
  • $1 million or more to various state based voter mobilizaton
  • $1.5 million each, according to Vachon, to Planned Parenthood Votes, a super PAC for candidates supporting abortion rights, a super PAC boosting candidates for the Democratic Senate, and to the Senate Majority PAC
  • $5,000 was also donated to End Citizens United which is the maximum legal amount. This organization is focus on pushing campaign finance reforms, and he donated to Every Voice.

Learn more about his profile at Forbes.com.