The man who had scaled down his political donations after giving an unrivaled $27 million towards efforts in beating President Bush in 2004, came back this past election year in full force. George Soros came back into the game as a leader in Democratic Party donations. With Election Day drawing close, Soros committed over $25 million to help boost Hillary Clinton’s campaign.
Soros’ money didn’t just go to Clinton however. Parts of that $25 million were given to different Democratic causes and candidates, making George Soros a kind of “boogeyman” to Republican conservatives. Soros, who had accumulated a multi-billion dollar fortune from currency trading, also promised to donate even more money towards the Democratic Party.
Eighty-five year old Soros has had a relationship with Hillary Clinton with 25 years now. While some believe that Soros had taken a step back from politics in recent years, those close to him claim he is more engaged in politics than ever before on opensocietyfoundations.org. Both his faith in Clinton and his disdain for Trump is said to have fueled his recent political fire.
While George Soros has been an avid supporter and donor to Democratic causes, he believed this election year brought with it exceptionally high stakes. Stakes were high not only because of Trump but also because of the tensions that have been brewing between different sides on issues that George Soros is very passionate about, including criminal justice reform, immigration reform, and religious tolerance.
Some of George Soros’ contributions in 2016 include $7 million to a Hillary-supportive super PAC, $2 million to the Trump-targeting super PAC American Bridge 21st Century, and $700,000 to various other committees in the Democratic Party. He also gave $5 million to Immigrant Voters Win, a super PAC that is committed to increasing voter turnout amongst Hispanic citizens on Forbes.
In October of 2016, as Election Day grew closer, George Soros began funding an effort to mobilize Puerto Rican voters in Florida. This is a much sought-after voting area, packed to the brim with persuadable voters on business2community.com. Most of this effort would be done by a political committee named United for Progress. George Soros donated an astounding $200,000 to the cause.
When Clinton didn’t take home the win on Election Day, many thought they would see George Soros retreat back into hiding. Not hiding in the shadows, Soros met with Hillary Clinton and many other liberals in Washington for a closed meeting. This meeting was meant to redirect any big-money left within the Democratic Party to fight back against newly-elected President Trump.
This special closed meeting conference was sponsored by the Democracy Alliance donor club and included the appearance of leaders like Nancy Pelosi (House Democratic leader), Keith Ellison (Congressional Progressive Caucus co-chairman), and Senator Elizabeth Warren. Some of the talk was geared towards 2017 and 2018 elections and some were directed towards attempts to thwart Trump’s 100-day-plan. The members of the Democratic Alliance are required to donate a minimum of $200,000 per year to different Democratic groups and pay $30,000 in annual dues to fund the Democratic Alliance and its employees.