Nobody thought that George Soros, 85-year-old, Hungarian-born New Yorker who once fled his hometown and worked as a waiter and railway porter would become a notable name in philanthropy and politics. He established his hedge fund with US$12 million, and in 1992 he shorted British pound with Stan Druckenmiller and made a remarkable profit that he became renowned person man who ruined the Bank of England. Soros hired Dawn Fitzpatrick to run his investment portfolio as CIO for Soros Fund Management. Dawn is also one of leading women on Wall Street and also the seventh CIO for Soros Fund Management.
George Soros had dialed back his giving and has committed around $25 million to support Hillary Clinton and numerous other Democratic candidates along with their causes, and he has quietly reemerged as one of the leading funders of Democratic politics. According to a Federal Election Commission records, Soros has committed or donated more than $25 million to boost Clinton and other Democratic candidates. Even few of his associates say they expect Soros, who invested an estimated at $24.9 billion through risky trades for currency. He also planned to attend his very first democratic convention to watch Clinton, accept the Democratic presidential nomination. But an associate said he decided to cancel his trip this week because of George, who recently returned to active trading, felt he required to monitor the closely economic situation in Europe. Read this story about George at Politico.com.
Political adviser of Soros, Michael Vachon once said that Soros had been a constant donor to Democratic causes. In June, Soros had donated approximately $7 million to a super PAC supporting Clinton known as Priorities USA Action, as per FEC filings, making it the prime recipient of his political largesse in this cycle. Soros has invested $5 million to a super PAC known as Immigrant Voters Win that is specifically devoted to increasing turnout. Soros has also committed additional $5 million to a nonprofit dedicated to fighting conservative efforts to restrict voting, according to an associate.
Additionally, however, George backed Barack Obama over Clinton in the Democratic presidential primary in 2008, he quickly soured on a Democratic president, who he felt was inadequately aggressive in pursuing different liberal priorities. Jonathan Soros, Son of George Soros, don’t usually comment on increased political giving of his father. However, he mentioned his recent writing that is about Trump in which he warned the voters that it is very important to “resist a siren song of the likes of Ted Cruz and Trump” if a U.S. is to fight terrorism effectively.
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