George Soros is a well-known investor. He has spent the majority of the past decade focusing on philanthropic activities on opensocietyfoundations.org rather than politics. However, 2015 was the return of the billionaire to reclaim his status as one of the biggest giver in all of American politics.
In December 2015, George Soros donated $6 million to a leading super PAC who supported Hillary Clinton’s presidential campaign. This brought Soros’ 2015 total donation amount for pro-Clinton groups to $8 million. The $6 million donation stood alone, but this was not only due to the amount. Soros is considered one of the few liberals who are willing to donate eight figures in an election cycle. This causes him to considered a leader among wealthy Democrats.
This last presidential election was the chance Soros needed to reemerge as a leading funder of Democratic politics. To date, he has donated or committed more than $25 million to not only boost Hillary Clinton but other Democratic candidates and causes as well. While the Democratic candidate did not win the 2016 presidential election, this will not signal the end of Democratic funding from Soros.
In September 2016, Soros also pledged to further the private sector by supplying $500 million to migrant- and refugee- founded businesses, as well as other initiatives. His hope is that other investors will follow suit. Soros has acknowledged the role of governments, but also recognizes the importance of the private sector. The $500 million was pledged as a response to the Obama administration’s call to action for US companies to urge them to help with the refugee crisis.
Soros is a very successfully investor, but also uses his funding to help further causes he believes in. It could be said he puts his money where his mouth is. While he invests in both nonprofit and philanthropic causes, he believes they complement each other and allow him to cover more areas.