Category: Investments

George Soros Politico and Philanthropist

George Soros established Open Society Foundation back in 1979. He is also the Chairman of the Board of Directors of Soros Fund Management LLC. He was born on 12th August 1930 in Budapest. He graduated with a bachelor’s of Economics at London School of Economics. He also acquired a master’s in philosophy. He began his career by working at merchant banks in England and the United States. He then started Double Eagle in 1969 after acquiring enough experience as his first hedge fund. Profits he gained from Double Eagle created him enough capital to start a second hedge fund, Soros Fund Management, in 1970.

George Soros is also known as one of the notable philanthropists all over the world. He has also been a renowned international democratic principles and causes enthusiast for more than 30 years. He is one of the world’s most wealthy investor, a hedge fund billionaire who donated $18 billion to his Open Society Foundation. The NY Times describes this charitable action as one of the biggest donation of wealth in the world ever made by an individual to a single foundation. This donation made Open Society Foundation to be recognized as one of the largest philanthropic organization in the United States.

From the NY Times, George Soros has been placed as an advisor for conventional critics in social and political crisis in the country. Open Society Foundation endorses democracy and human rights in more than 100 countries. In the recent years, the foundation has invested in programs to decrease mistreatments and protect lesbians and gays in the United States. The foundation financed the treatment centers during the outbreak of Ebola in 2014. In 2016 elections, the foundation tried to protect people in the United States from hate occurrences and crimes making George Soros spend $10 million.

The Open Society states that George Soros has gone beyond his foundation by funding and supporting organizations such as the International Crisis Group, the Institute for New Economic Thinking, the Global Witness the European Council On Foreign Relations. Throughout George Soros’s legacy in philanthropy, he has continuously committed himself to fight the world’s most disturbing problems. He stresses on the advantages of solving losing causes. He has also emphasized on matters that an explanation might never arise. He has continued to take an individual interest in the Open Society Foundation by traveling across the world to support and promote positive policy changes with leaders both privately and publicly.

The Forbes describes George Soros as a legend in hedge fund management; he has handled client money from 1969 to 2011 in New York. He remains a heavyweight investor through Soros Fund Management which is a family foundation owning approximately $26 billion in assets. George Soros is also known in his efforts liberating Eastern Europe from communism to capitalism peacefully between the 1980s and 1990s. He also provided one of Europe’s prominent advanced education awards to the Central European University in his hometown. His greatness in political philanthropy has made him a bugbear of the European nationalists. and Follow him Twitter.com