Billionaire financier George Soros donated $6 million to a super PAC that is supporting Hillary Clinton’s run for the democratic nomination for president. He made the donation in December, and has donated a total of $8 million to her campaign.
Soros is one of the richest men in the world, and supports Democratic, or liberal, candidates and issues. He made his fortune in international finance. He was born in Hungary and lived through Nazi occupation. He attended school at the London School of Economics and moved to the United States in the early 1950s.
The Super PAC involved, Priorities USA Action has raised $25 million on the second half of last year according to the Federal Election Commission. That PAC now has $36 million as it begins the political campaign in 2016.
Soros has put up big money before. In 2004 he spent $20 million trying to defeat George Bush. After that effort failed he gave less to political causes until the current election cycle.
In 2012 he gave $1 million to the same PAC that was working for Barak Obama’s reelection bid. He later said he regretted not supporting Clinton more in 2008 because she had allowed him an opportunity to discuss policy matters according to a story in Politico.
While Forbes billionaire George Soros’ contribution to the Clinton supporting PAC is big, the Democrats also have quiet a large war chest set aside for the political campaigns. According to a CNN article Clinton raised $112 million in 2015. Bernie Sanders, the other Democratic candidate, has raised $73 million. He has also said he raised $20 million in January of this year.
Republican Donald Trump has spent $12 million and has said he would be spending $2 million a week as the campaign heats up. He has received donations of $2 million.
Also, according to figures posted to the Federal Election Commission, Marco Rubio has raised $14 million.
Ted Cruz reported raising $20 million in the last quarter of 2015. Jeb Bush also benefited from a hedge fund owner Paul Singer – the conservative counterpart to Soros.