George Soros, the multibillionaire investor, seems to be showing a renewed solidarity with his roots as an immigrant and naturalized citizen in the wake of the 2016 presidential election. Recent reports from the FEC show that the investor and promoter of democratic causes and social justice has made good on his pledges to invest heavily in issues that he believes in. During the election cycle, this included supporting several organizations devoted to voter rights and the enfranchisement of immigrant populations.
George Soros is himself a Hungarian immigrant who fled oppression to move to London as a young man. According to profiles published on Forbes (https://www.forbes.com/profile/george-soros/), Soros put himself through the prestigious London School of Economics while doing such manual labor as working as a railway porter. In the late 60’s, Soros started his own hedge fund and made millions on high-risk currency trades. Learn more about George at Biography.
In the 2004 election, Soros made remarkable contributions to organizations opposed to the reelection of George W. Bush. According to a Politico analysis (http://www.politico.com/story/2016/07/george-soros-democratic-convention-226267), Soros was motivated by an opposition to several policies, most notably the Iraq War. Since that time, Soros has been less involved in politics, concentrating on his many philanthropic causes.
However, Poltico notes that among other pledges, Soros pledged approximately $8 million to organizations like the “Voting Rights Trust” and “Immigrant Voters Win” that are directly concerned with improving Hispanic turnout and fighting conservative efforts to restrict voting. Soros himself has been quoted as saying his past political involvement in 2004 was an “exception”. However, he seemed galvanized by the election in 2016.
George Soros’ investments in voter rights may have repercussions in future elections beyond the backing of any individual political candidate. That said, analysts will be watching carefully at the midterm elections to see if Soros’s increased involvement in 2016 shows a new commitment to political activity. Know more on cnbc.com about George Soros.