It’s safe to say that billionaire George Soros is a passionate and focused individual. When Soros believes in something, he jumps in with both feet and his money comes with him. Over the last 30 years, Soros has donated more than $13 billion to nonprofit groups that defend human rights. Soros’ Open Society Foundation has locations in more than 20 countries around the world, and Soros spends a great deal of time promoting democracy and human rights in those countries. Soros is also dedicated to the Democratic party in the United States. George arrived in the States in the 1950s after graduating from the London School of Economic with a degree in philosophy. He immediately went to work on Wall Street, and he learned the investment business. In 1992, a Soros hedge fund bet that the United Kingdom would be forced to devalued the pound sterling because of the introduction of the euro. Soros was right. His hedge fund made over $7 billion on that bet, and he made a $1 billion commission. Ever since then, Soros has been called the “man that broke the Bank of England.”
Soros is on a new mission this year. He has Donald Trump in his crosshairs, and he wants to make sure Hillary Clinton defeats him. George Soros has donated $25 million to get Clinton and other Democrats elected, and people close to him say Soros is willing to donate more if needed. Soros said Trump is doing the work of ISIS, and he has no business being president. Soros felt the same way about George Bush in 2004, and he spent $27 million to stop Bush from getting reelected, but that didn’t work. He doesn’t want to relive another disaster like that one, so he is spreading his donations around. Several super PACs that support Clinton and other Democratic candidates have received very large donation from Soros on Bloomberg. Most of those donations are $5 million or more, but some of the state and local Democratic groups have received less than that amount.
George Soros has been extremely vocal about the issues in China, Europe, and the Middle East. He believes the European Union is very close to a major meltdown because the UK is leaving the EU, and the migration crisis is going to cost the EU billions. Greek and other member financial issues at http://www.wsj.com/articles/a-bearish-george-soros-is-trading-again-1465429163, as well as unrest about terrorism and border closing, are tearing the Union apart.
But even though Soros is focused on what’s happening in Europe, he is still concentrating on the U.S. election, and he is changing his trading strategy to protect his enormous assets. Soros recently returned to trading and sold 35 percent of his stock holdings and bought a large number of shares in gold related stocks. Read his profile at Forbes.