While some say that money cannot buy happiness, it can be help your social or political platform when it comes as a large donation from George Soros- one of the richest men in the world. An active octogenarian, Mr. Soros is passionate about international and progressive political issues and has contributed millions to national and international elections, immigration rights, supporting clean environment and the decriminalization of marijuana. According to Forbes magazine’s 2016 list of the World’s 100 richest people, Mr. Soros is ranked number 22 and his wealth is estimated to be over $20.0 billion.
Although born to wealthy parents in Hungary in 1930, George and his family experienced ethnic and religious persecution as a Jewish family during the Nazi invasion of their country in the early 1940s. After leaving his country, George moved to London and obtained a degree in Finance from the London School of Economics and began working in the financial industry shortly thereafter. As noted in an Forbes article profiling this billionaire,” most of George Soros,wealth was made when he created his own hedge fund in 1969 with $12 million; it was later rebranded the Quantum Fund.” Today his family business is known as the Soros Fund and is considered one of the most successful financial companies in the world. Read more about George’s life story at biography.com.
While many of us would be hesitating to contribute millions towards any candidate, Mr. Soros does not retreat, easily, even if the candidates he donates millions to loses the race. Kenneth P. Vogel’s , “George Soros rises again“, Politico magazine, 7/27/16, discusses Mr. Soros return to politics by contributing over $25 million towards Hillary Clinton and the Democratic Party. Over ten years earlier, he gave $27 million to the Democratic Presidential candidate but suffered a major disappointment when Republican candidate George W. Bush was elected the President in 2004. Mr. Vogel points out that Soros is not the only billionaire who made deep donations towards the 2016 Presidential election. Like Soros, San Francisco environmentalist Tom Steyer and New York hedge funder Don Sussman are two other wealthy benefactors who gave generously to liberal causes during the recent national election.
As we all continue to exhale and adjust to the newly elected President, Donald Trump, let us hope that Soros, and other billionaires like him, continues to rank high as a political and social philanthropist by contributing to progressive causes that protect our freedom, the environment and those less fortunate.