George Soros, the 84-year old international philanthropist and business magnate, (net worth of $24.9 billion) has made a heavy financial investment in support of a pro-Hilary Clinton PAC. The eight million dollar grant, solidifies the fact that he has long been an advocate and supporter of the left- wing democratic ethos.
Born in Hungary and fleeing the his communist mother land for the United Kingdom in 1947, Soros educated himself at LSE (London School of Economics). In 1956, after numerous attempts to find good compensatory work, the young George Soros emigrated to the USA and started working as an arbitrage trader. His specialty was trading European stocks for US investors. Soros never looked back and grew multi million dollar investments from strength to strength finally setting up Soros Fund Management in 1970, and subsequently the Open Fund Society.
An avid believer in democracy and equality for all, where all people are entitled to have the freedoms and access to democracy, The Open Fund Society was founded to help people make the transition from communism to democracy. Today it is a network organisations working in over 100 nations worldwide. According to a latinofoxnews statement by George Soros he said “My success in the financial markets has given me a greater degree of independence than most other people. This allows me to take a stand on controversial issues: In fact, it obliges me to do so because others cannot.”
While the support of the Clinton campaign is not surprising, what is surprising is that Soros has also supported the Republican party candidate Kasich. According to the FEC (Federal Election Commission), Kasich has received in excess of four hundred thousand US dollars for his “New Day For America” PAC fund. Moreover, it has been further reported that the funds were received by the “New Day For America” campaign through two of Soro’s former employees Scott Bessent and Stanley Druckenmiller.
With all the world’s eyes on the 2016 presidential campaign, Soro’s vicarious support of Republican candidate Kasich has more raised more than a few right-wing conservative eyebrows. With the burning question: Why this turn from George Soros who has characteristically always supported the ilk of the democratic party and those with progressive mind-sets. The pattern has been interrupted by this open support of the Republican party candidate Kasich. Soros was recently quoted by NY books saying:
“We must reaffirm our commitment to the principles of open society and resist the siren song of the likes of Donald Trump and Ted Cruz, however hard that may be”.
Looking at the current trend, the theory to thwart Trump winning more delegates may well be at the forefront of the Soro support. With Kasich looking strong in Ohio, Rubio’s campaign has been slated to realign his supporters to Kasich in an attempt to deny Trump winning more delegates.
This information was originally published through the Political Insider.