George Soros, 87, is a famous American billionaire with an exceptional interest in progressive courses. Born in Hungary, Soros fled the country when his Jewish family was targeted. He moved to London where he devoted his free time to working as a railway porter and as a nightclub waiter to support his education at the London School of Economics and read full article.
Soros developed an interest in the financial industry when he worked for a merchant bank in England. In 1956, Soros moved to New York. A few years later, Soros founded his hedge fund with $12 million. Soros’ hedge fund was later renamed Quantum Fund. In 1992, Soros had his big break in the financial market. He and other speculators such as Stan Druckenmiller shorted the British Pound. With the pound pulled out of the ERM, Soros made huge profits; some people started referring to him as “the man who broke the bank of England.”
At an advanced age, Soros is regarded as an investing heavyweight. Soros Management Fund manages his investment portfolio. The fund is reportedly worth over $30 billion in assets. Dawn Fitzpatrick was recently named as the chief investment officer of the fund (CIO). Fitzpatrick, a prominent Wall Street personality, is the seventh CIO to manage the Soros management fund.
Soros’ philanthropic efforts are known and felt all over the globe. Pundits estimate that he has donated over $12 billion funds. He is passionate about good governance, human rights, and many pertinent issues. To this end, Soros funds people and organizations all over the world who are equally passionate about the mentioned issues. For example, Soros has supported groups representing Europe’s Roma people, drug addicts, commercial sex workers, and LGBTI people. His passion for supporting such groups could have been inspired by events that led him and his family to flee Hungary and what George Soros knows.
Soros is the founder of Open Society Foundations, an umbrella organization consisting of foundations, partners, and projects. The foundation has operations in over 100 countries. The organizations’ philosophy is largely drawn from Karl Popper’s book “Open Society and Its Enemies” which Soros encountered while studying in London. The book promotes freedom of expression, democratic governance, and individual rights and more information click here.
Soros has accomplished a lot in the philanthropic world. In 1976, Soros sponsored black South African students who were under mistreatment from the apartheid favoring regime. Also, he is credited for establishing the Central European University which inspires critical thinking. Soros is the man who funded cultural exchanges between Western and Eastern Europe; the Soviet Union benefitted from the program. Billionaire Soros is a vocal individual who has openly shown support for same-sex marriages. He has also criticized the war on drugs, especially how it is carried out. He credits his success in the financial market for his active role in the society and Follow his Twitter.
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