George Soros is one of the most influential hedge fund managers in the United States. Although Soros is now worth an estimated $25.2 billion, he wasn’t born into a wealthy family. Soros was born in 1930 in Budapest, Hungary. Both of his parents were of Jewish descent. When the Nazis took over Hungary during World War II, Soros fled to England to avoid being sent to the German concentration camps. While in London, Soros enrolled in the London School of Economics where he studied philosophy under the influential Karl Popper. In order to finance his studies, Soros worked numerous menial jobs around the British capital.
After graduating the London School of Economics in 1954 with a Master’s degree in philosophy, Soros entered the financial world as a merchant banker in London. He then decided to moved to New York City in 1969. Once he arrived in NYC, Soros founded his own Wall Street hedge fund with $12 million. This hedge fund is now known as Quantum Fund. It wasn’t until 1992 that Soros had his first major success in the stock market. That’s the year Soros and fellow investor Stan Druckenmiller took a huge short bet on the British pound that racked in huge gains. It’s because of this famous short position that Soros is often called the “man who broke the Bank of England.” Soros now presides over the much larger Soros Fund Management, which has around $30 billion in assets. Read more at The New York Times about George.
While people involved in finance know of Soros as an investing legend, the general public is probably more familiar with his philanthropic work. Soros first became involved in politics during the 2004 U.S. presidential race. Ever since then, George Soros has been a staunch supporter of the Democratic Party, humanitarianism, and universal human rights. He set up the Open Society Foundations to donate grants to groups around the world dedicated to advancing social justice.
In recent years, Soros has donated millions of his own money to help the refugees coming into Europe as well as various civil rights groups in the USA. He was a prominent supporter of the Hillary Clinton campaign and he continues to be a strong critic of President Donald Trump’s policies. After President Trump was elected, Soros donated millions of dollars to various groups around the nation dedicated to fighting hate speech and racism. Learn more about his profile at businessinsider.com.
The driving force behind much of Soros’ activism has to do with his own experience of bigotry at the hands of the Nazis. He says discrimination of any kind should never be tolerated, no matter a person’s race or ethnicity. George Soros is currently married to his third wife Tamiko Bolton. He has a total of five children and lives in New York.
On March 2014, The Political Action Committee of End Citizens United was formed, and it is supported by donors belonging to the grassroots level. The group is after Citizens United; an organization they call a danger to the free society of the United States. The action committee is involved in mobilizing the press, candidates, voters, and elected officials. They allege that Citizens United manipulate elections for the rich. The action committee wants to form a coalition which would restructure the current system of finance and pressurize elected officials to work on it. In other works, End Citizens United wants to make US politics free from the game of Big Money which is the biggest loophole in the current system. They say that it is not possible without finishing Citizens United; otherwise, political manipulation will continue. PAC of End Citizens United is uniting people belonging to the grassroots level and supporting candidates that are for reforms.
End Citizens United fully supported the candidates that contested in the 2016 elections from the platform of Democratic Party and raised voice against Citizens United. They are also advocating the reforms demanded by PAC of End Citizens United. There were proofs that SuperPAC and Koch Brothers were involved in the rigging during 2016 elections. Dark money was used by them to buy senators and representatives. It is the main reason why End Citizens United was formed. Since it was founded, numerous small donors contributed up to two million dollars. The action committee needs thirty million dollars for its campaigning.
Due to a court decision, Citizens United was given the permission to operate which was not acceptable for many people. Now PAC wants a legislation which reverses this decision. Various evidence was found against Citizens United for its involvement in rigging during the election. Nowadays, End Citizens United is active to get a petition signed by a majority of people which would demand Congress to pass a bill against Citizens United. Moreover, the “Ready for Hillary” alliance is also gaining the momentum which means more support for Ends Citizens United.
Almost ten candidates belonging to the Democratic Party decide to join End Citizens United after it was formed. Two well-known senators are included in that list; they are Michael Bennet and Russ Feingold. Bennet is Colorado’s Senator while Feingold is Wisconsin’s Senator. One of the members of End Citizens United is Carbo. He explained in detail that his group wants to get those candidates elected who are willing to make desired changes in the constitution. Those candidates are also raising their voice against the actions of Citizens United, and they would restructure the financial system too. Carbo added that his group would also support those candidates that were bullied by Koch Brothers and groups with the dark money. End Citizens United launched their new team who are given the tasks like direct mailers, polling and candidates’ advertisements. End Citizens United is determined to bring an end to the game of Citizens United.