Georgian Dream was founded and financed by Georgian billionaire Bidzina Ivanishvili in February 2012. In 2012, the Georgian Dream Coalition won the parliamentary elections with 54% of the votes, thus gaining the parliamentary majority and setting a precedent of power change through elections. Before the 2016 parliamentary elections, the coalition which consisted of six subjects was downsized. The Georgian Dream gained the constitutional majority in the 2016 parliamentary elections. At present, alongside the Georgian Dream, the parliamentary majority still includes Industry Will Save Georgia, Conservative Party, Green Party, Social-Democratic Party and faction for Regional Development. Separate subjects within the coalition are known for their anti-western, homophobic and xenophobic statements.