The 2016 U.S. Presidential election cycle will be remembered as one of the most bitter and hardest fought between the two main candidates, but for Democrat’s these elections should be remembered as the moment major donor George Soros opened up a new series of strategies for continued election success. In the buildup to the 2016 election the Hungarian born hedge fund icon returned to political giving in a major way in support of Presidential nominee Hilary Clinton, he has also been seen as a guiding light for the future in the wake of the victory of Donald Trump; what is little known is the fact Soros has taken his fight to the state level where he has been making quiet inroads into Republican held public prosecutor elections on NYBooks.com that often pass by uncontested.
George Soros is one of the most respected members of the financial industry for the billions of dollars he has made as an investor in hedge funds and in making risky trades on foreign currency. Soros had committed around $27 million to the 2004 election campaign of John Kerry, but scaled back his giving in 2008 and 2012 as President Barrack Obama carved out his own path to success on many levels. Prompted by a reported 25 year relationship with Hillary Clinton and a sense he should have backed her in 2008, George Soros returned to political giving to the tune of $25 million towards the campaign of the former Secretary of State.
In the wake of the victory of Republican Donald Trump Soros made the decision to attend a Democracy Alliance event planned for major donors to the Democratic Party and major political figures on NYTimes.com. The Holocaust survivor had initially planned to sit out the event, but changed his schedule as he believes the Democratic Party sits at a crossroads for its future. George Soros is thought to have made around $1 billion in a single day betting on the 1992 devaluation of the British Pound and has recently gambled on making changes at state level by funding liberal candidates for district attorney and prosecutor positions in six states. The power held by prosecutors has rarely changed and a recent study found around 95 percent were white and three quarters male; Soros believes increased levels of representation should be found at state level for African-American communities and Hispanics he has backed with around $3.5 million in funding since 2015 for state level elections.