Through smart investing, financial savvy, hard work, and a little bit of luck, 87 year old humanitarian George Soros has amassed himself quite a fortune. His net worth is currently valued at over 25 billion dollars. This money is not just sitting around though. Soros is putting it to work for the less fortunate. It is funding projects that improve lives, and in some cases, saves them.Perhaps what he is best known for, though, is his political activism. He famously donated 27 million dollars in the hopes of defeating George W. Bush’s presidential campaign. After that spending failed to remove Bush from office, he stopped spending as much on political activities, deciding instead to work on humanitarian projects.
Since then, he has donated 13 million dollars to different nonprofit groups that protect human rights and help to ensure access to healthcare all across the United States. During this time, he donated 35 million dollars to the state of New York to be earmarked for underprivileged children, and he donated to the Center for American Progress, which advocates for and performs research on progressive policies. During this time, he donated only 1 million dollars to Barack Obama’s presidential reelection campaign, spending which is dwarfed by the amount of his humanitarian giving in this time.
But he couldn’t stay out of politics forever, and things are pointing to him getting back in the game. According to Politico, sources close to him say that he seems more politically involved than they have ever seen him before. It is not just his attitude which has changed though. He is also making very generous donations again, to the tune of 25 million dollars donated to Hillary Clinton’s and other democratic candidates. He has also given funds to opposition researching PACs which serve to undermine GOP campaigns, and to voter turnout groups.Respect and friendship with Hillary Clinton, fear of a Trump administration, and passion for the democratic platform have led him back into massive political spending. The continued effects of his spending remain to be seen, but one thing is for certain: George Soros is making a comeback, and he is not afraid to spend on causes he believes in.