George Soros has returned to the political battleground. The billionaire investor donated upwards of $25 million this past year to further Democratic candidates, including Hillary Clinton’s presidential bid. Soros, who had been nearly vacant from the political scene since 2004, reportedly felt great faith in Clinton, as well as fear of her opponent, Donald Trump. While Soros was always found to financially support Democratic causes, this influx of cash far surpasses anything he has contributed in recent years. Soros found the political stakes to be particularly high in the political realm, as he disagreed with now President Trump on a number of big issues, such as immigration reform, criminal justice, and religious tolerance.
The large donations contributed by Soros are seen as potential catalysts for further Democratic investments by big philanthropists. According to Politico, along with his contribution to the Clinton campaign, Soros also committed millions to organizations that work to protect voting rights, improve voter turnout, and abortion rights groups. Such donations seemed to have an effect on other big time liberal donors, as many moguls and hedge funders contributed large sums following Soros’ commitments. Read more on nytimes.com.
Aside from liberal organizations and groups, Soros has also sought change by splashing money in another direction. The protest movement in Ferguson has been largely motivated by financial backing from the billionaire. According to the Washington Times, Soros, among other things, has spent years funding and mobilizing groups seeking civil action. $33 million was contributed by Soros himself in that time to support activists in Ferguson.
While these groups have gained much from Soros financially, it appears that he asks little from them in return, save that they keep up they doings in Ferguson. The activists receiving the funds from George Soros are not directly encouraged to protest. Rather, Soros merely gives them the financial ability to continue to fight for social justice in Ferguson, a cause very important to the billionaire philanthropist. Soros sees the movements taking place in Ferguson as the beginning of the social change that is so near and dear to his heart, and is crucial in his eyes to the betterment of society. Read his profile at Business Insider.