George Soros is best known for being the head of the multi-national hedge fund, Soros Funds. As the head of Soros Funds, he is responsible for investing billions of dollars in assets of individuals, pension funds, and other financial entities. Over the past 50 years, his career has been very successful and has allowed him to amass a very substantial net worth in excess of $25 billion. While the Austrian-born investor on Investopedia has amassed a sizable net worth, he has also donated a considerable amount of him wealth to various political and social causes.
While he was not born in the United States and is not a citizen, Soros is very aware of the significant impact that the United States Presidential Election will have on the world economy and social setting. Soros has been a very strong supporter of the Democratic Party in the past and has donated a considerable amount of money to keep the Republicans out of office. However, he has soured on the political process in the past when he ended up donating over $25 million towards a losing effort when John Kerry ran against George Bush in 2004.
While Soros had taken a step back when it comes to political donations, he seems to be very intrigued in the 2016 election. It has been reported that he has once again donated over $25 billion to the Democrats, this time in support of Hillary Clinton’s election to beat out Donald Trump. While having the money provided by Soros will be very beneficial on Twitter, the ultimate benefit could be that the donation could act as a catalyst to encourage more wealthy democrats to donate to Clinton.
Thus far, a number of wealth liberals have donated a considerably amount of money to the Hillary Clinton campaign fund on politico.com. Top environmentalist Tom Steyer of San Francisco is rumored to have donated over $30 million through his SuperPac and New York hedge fund manager Don Sussman has donated nearly $15 million.