Also found in: Dictionary, Financial, Wikipedia.
Chairman of Soros Fund Management
Chairman of the Open Society Foundations
Founder and adviser of the Quantum Fund
Born in Budapest, educated in London, George Soros moved to the United States in 1956 and became a billionaire. Although he never involved himself in politics until George W. Bush became president, Soros vowed that if necessary he would invest his entire fortune to remove “W” from office.
If Richard Mellon Scaife is the “funding father of the right,” then “funding father of the left” would probably be an apt title for George Soros. Soros was born in Budapest, Hungary, and survived both the Nazi occupation and the Communist take-over of his homeland before emigrating to England in 1947. A graduate of the London School of Economics, Soros moved to the United States in 1956 and began to amass a fortune through an international investment fund that he founded and managed. Active as a philanthropist since 1979, Soros created the Open Society Institute and a network of philanthropic organizations that benefit humanity in over fifty nations. In 1992 he founded Central European University in Budapest, and he spends more than $400 million annually to support a range of programs that focus on civil society, education, media, public health, and human rights. Today he is chairman of Soros Fund Management LLC.
Soros never really involved himself in U.S. politics until George W. Bush became president. Perhaps his resolve to remove Bush from office was not personal, since Soros’s Harken Energy had bailed Bush out of financial distress in 1986 by buying his dying oil company, Spectrum 7. However, on November 11, 2003, Soros told the Washington Post that removing Bush from office had become the “central focus” of his life. Soros did not hesitate to pronounce the cause of getting rid of Bush as “a matter of life and death,” for which he would be willing to sacrifice his entire fortune.
It soon became well known that the billionaire had donated $3 million to the Center for American Progress and $5 million to MoveOn.org, and that he and Peter Lewis had each committed $10 million to America Coming Together. On September 28, 2004, Soros went on his own multistate tour, urging voters to get Bush out of office for the good of America. According to the Center for Responsive Politics, during the 2003–2004 election cycle, Soros donated a total of $23,581,000 to various groups dedicated to replacing the Bush administration.
The fight isn’t over. On April 16, 2005, Soros met with seventy millionaires and billionaires of like philosophy to plan strategy for the creation of left-leaning programs to compete with such conservative institutions as the Heritage Foundation and the Leadership Institute. The participants in the meeting have begun to call themselves the Phoenix Group.
Conspiracy theorists declare that Soros owns the Democrats and is working hard to control the Republicans. He has invested $100 million in the Carlyle Group, which boasts many highly influential Republican leaders in its membership, including former President George H.W. Bush.
Operating through a “shadow party,” Soros donated $5 billion to the Democratic National Committee to guarantee Obama’s victory in 2008. In November 2008, Soros told the German magazine Spiegel that after taking office President Obama would seek a large stimulus package in excess of $600 billion. Soros also seemed confident that the president would deal with global warming and energy dependence, and encourage a cap-and-trade system. Conspiracy theorists state that the Spiegel interview provides clear proof that President Obama is essentially Soros’ puppet.
It is apparent to many that Soros continues to feel confident in his ability to manipulate the mainstream media. It is said that he owns 2.6 million shares of Time Warner and that he has been purchasing other media outlets for years. His influence with the mainstream media outlets was powerful enough to cause them virtually to ignore the Tea Party. On the other hand, it is strongly believed that he largely supports the Occupy Wall Street movement and prevents a negative image of the protesters who receive wide media attention.
George Soros’ creed, in the opinion of many political analysts, is that the vast numbers of citizens in the United States are too selfish, too materialistic, too wasteful, and too stupid to know how to properly run and maintain an independent nation.