The political response of George Soros to the threat posed to society by a rising right-wing group within the Republican Party Soros believes is threatening the democracy of the nation and the security of the entire world. During the Presidential election cycle, George Soros made what has been described as a major return to political giving in support of former Secretary of State Hillary Clinton as the first female candidate for President from one of the two major political parties; although George Soros backed the End Citizens United traditional PAC with the maximum donation of just $5,000, the Hungarian born hedge fund legend made the decision to almost match the $27 million he provided for Senator John Kerry in his bid for The White House in 2004 with $25 million in backing for the campaign of Hillary Clinton.
George Soros has always been an investment specialist with his eye on developing business opportunities based on his reading of the global political situation which allows his Soros Fund Management company to continue on its record breaking run of success. An example of the work being completed at Soros Fund Management based on a thorough understanding of the global political situation occurred in 1992 when George Soros studied the political and financial situation in the U.K. and made a gamble of the devaluation of the currency of the nation; Forbes reports the $1 billion made by Soros through his gamble on the devaluation of the British Pound came in a single day known as “Black Wednesday”. The unmatched success achieved by George Soros as a hedge fund specialist has given him the chance to develop his philanthropic giving to record levels through the Open Society Foundations Soros established in the 1980s.
Over the course of his career, George Soros has dipped in and out of the U.S. political scene and often looked to provide his backing for a number of causes close to his heart including the legalization of drugs across the world. Soros was working with Hillary Clinton in the build-up to the 2016 Presidential election cycle in a bid to build a policy document Democrats hoped would lead the former First Lady to The White House. Throughout the election, George Soros made clear his opposition to the policies and rhetoric of Donald Trump in both the election cycle and in the months following his election victory; George Soros has been working closely with the Democracy Alliance group of donors to build new ways of fighting the bid to destroy the legacy of President Barrack Obama by the Republican Party in 2017.