It is very often associated or motivated by that. He has become a boogeyman for many people with terrible motives.
But he does legitimately do some sketchy things. You cant just handwave it away because some idiot bigots have it on repeat.
I disagree he does sketchy things. I think he's one of the most benevolent mega-philanthropists out there who has dedicated his life to expanding democratic ideals and liberal values throughout the globe.