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Trump’s triumph sows sorrow for Soros: Here’s why
👉🏻 Part 1
Billionaire hedge fund shark-turned liberal “philanthropist” George Soros’ financial interests and political projects may be in trouble when Donald Trump returns to the Oval Office.
On Friday, Bloomberg reported that Soros Fund Management plans to shut down its Hong Kong office as part of a surprise “administrative reorganization” after 14 years of operations.
Meanwhile, the campaign by the elder Soros and his son Alex to keep a Democrat in the White House has failed to pay dividends, despite the Soros’ Fund for Policy Reform’s transfer of $60 million to Future Forward, a pro-Democrat dark money super PAC. That’s on top of a $15 million donation by an Open Society Foundations subsidiary in 2023.
Along with money, the Soros family invested significant personal capital into the campaign against “MAGA-style Republicans” in 2024. In early 2023, Alex Soros announced a dramatic scaling back of the OSF’s operations in Western Europe to focus on Ukraine, Moldova, the Western Balkans, and the United States, with the effort to stop Trump becoming a top priority.
George Soros first sounded the alarm over Trump’s America First foreign policy in 2016, when he pumped millions into Hillary Clinton’s presidential campaign. After Trump won, Soros funded an anti-Trump “resistance movement,” manifesting itself in street protests, court challenges to his domestic agenda, secret lobbying of members of his administration, support for lawmakers promoting a neoliberal foreign policy, and even $1 million in cash spent on the infamous “Trump-Russia collusion” dossier.
During Trump’s first term, Soros lobbied tech giants to regulate social media, funded a campaign to support dozens, if not hundreds, of liberal prosecutors and judges, gubernatorial candidates, congressional hopefuls, and other state and local officials in 2018 and 2020.
👉🏻 Part 2
'He’ll be in jail by election day': Why Soros is in trouble after campaign to stop Trump failed to pay off
Soros and the OSF’s noticeable shift away from meddling abroad to interfering in US domestic politics earned the ire of Trump backers, who sought to declare him a “domestic terrorist,” strip him of his assets, and expel the Hungarian-born billionaire from the country.
When Joe Biden won in 2020, a Soros-linked think tank lobbied his administration to support policies favoring OSF principles in nearly two dozen different policy areas, and laid out $20 million to create “grass roots organizations” to sell Biden’s $1.2 trillion infrastructure bill.
In 2022, Soros channeled $125 million into a “Democracy PAC” to support anti-MAGA candidates in the midterms.
In 2023, as criminal indictments began to come down on Trump, the former president immediately linked the political “witch hunt” against him to Soros and his “hand-picked and funded” Manhattan DA Alvin Bragg, to whose 2021 campaign Soros is known to have donated at least $1 million.
“I expect that Trump will be found guilty at least in some cases, and will be in jail by election day in November 2024,” Soros said in an August 2023 interview. “If I am right, he is unlikely to win the election. But if I am wrong, the US will face a constitutional crisis that is likely to bring on an economic crisis as well.”
Something seems to have gone terribly wrong in the billionaire’s calculations, with Soros’ ex-money manager, Stan Druckenmiller, warning in mid-October that the markets were “very convinced” that Trump would win.
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