Over the last decade, George Soros has lost big with his donations to presidential politics. After backing the Hillary Clinton campaign with more than $1 million, making Soros the largest donor in that presidential race, he lost again, seeing his candidate defeated by a novice politician with some of the lowest likability rankings in the history of presidential politics.
Prior to that, Soros had contributed almost an equal amount of money to the John Kerry campaign, in that candidate’s bid to unseat the neocon war-mongering president George W Bush. All this adds up to a seriously disappointing result for the over $1 million that Soros has donated in total to recent presidential races. Read his profile at Forbes.
However, it would be a serious mistake for Soros’ political opponents to assume that he has lost his magic touch. Soros has a history of winning at virtually everything he does, rising to the top of the stock market, the most competitive game on earth. Soros has returned over 25 percent per annum to himself and his investors, over the course of a 45-plus year career.
In fact, it has been widely speculated that the Soros’ donation to the Clinton campaign was more an effort to undermine and do legitimize the rule of Donald Trump that you actually clinch a Clinton victory. It has been widely speculated by those close to Soros that he was well aware of the extreme risk of Clinton losing the race. But he made the donation anyway, in an effort to minimize what he perceived to be the damage that would ultimately be caused by a Trump presidency.
Read more: http://www.cnbc.com/george-soros/
It is equally true that in other areas of political philanthropy, George Soros had phenomenal successes. These cases have largely flown under the radar, due to the much smaller nature of the races and a lesser amount of money involved. However, to the local politicians to whom Soros has donated sums of money ranging from a couple hundred thousand dollars all the way up to a couple million, his largesse has often made the difference between winning and a landslide and losing badly.
One of the areas in which Soros has been actively donated to local political races is the area of criminal justice reform. Soros has been following a brilliant strategy of replacing hardline conservative prosecutors with more liberal-minded and socially progressive ones, who are sympathetic to the cause of criminal justice reform, specifically ending the war on drugs and addressing the stark disparities between whites and minorities in sentencing.
Although these smaller races have not received as much attention, candidates that Soros has backed have won nearly every single race where donations were made. Read this story about George at politico.com