George Soros: Self-Made Billionaire and Philanthropist

One of the biggest philanthropists in the world, George Soros has given away almost 12 billion dollars. He has helped fund individuals and organizations fighting freedom of expression and discrimination. His money has helped those often marginalized by society around the world, like LGBTQ people, Europe’s Roma people, and sex workers.

George Soros knows about the harmful effects of discrimination from firsthand experience. Growing up in Hungary, he and his Jewish family survived the Nazie occupation in 1944 and 1945, which resulted in 500,000 Hungarian Jews murdered. Soros was only a teenager at the time. He and his family survived by creating false identification papers for themselves and for other Jewish families. Even when he was being oppressed himself, Soros was helping others. Learn more about his profile at businessinsider.com.

Soros went to London in 1947 where he worked two part-time jobs to pay for a degree at the London School of Economics. In 1956, he moved to the United States to enter the world of finance. He worked at several Wall Street brokerage firms before 1973.

In 1973, Soros launched his own hedge fund and became one of the most successful hedge fund managers in United States history. He is the 21st richest person in the world with an estimated net worth of 26 billion.

He founded the Open Society Foundations, a network of foundations, projects, and partners in over 100 countries.

In 1976, Soros started giving scholarships to black South Africans. After the Berlin Wall fell, he created the Central European University, which focused on critical thinking, a novel idea in most former Soviet universities.

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Soros was also one of the earliest critics of America’s war on drugs, and help started the medical marijuana movement. He was also an activist supporting same-sex marriage.

Even now, Soros still has an active role in the Open Society Foundation. He still supports those fighting against discrimination and travels to advocate on behalf of the Open Society Foundation, and the “lost causes” they help. Read his profile at Washington Times.

Billionaire George Soros Spends Millions of Dollars to fund the Democrats

George Soros is a Hungarian businessman whose net worth is $25.2 billion. While he was young, he fled his country and moved to the United Kingdom where he joined through college and studied economics.

Soros’ achievements in business

Early in his life, he did a variety of odd jobs as a railway porter and waiter. Having raised sufficient capital, he decided to move to the United States in search of greener pastures. White at the U.S., Soros launched his hedge fund company. His initial starting capital was $12 million. After a series of achievements, Soros later rebranded his firm to Quantum Fund. About two decades ago, while working in collaboration with Stan Druckmiller, he made a bet involving the British Pound that resulted in increased profits. Years later, George Soros remains one of the richest and successful entrepreneurs in the U.S. His company, Quantum Fund, has assets worth $30 billion. Recently, Soros hired one of the successful women on the Wall Street to manage his investment portfolio. Dawn Fitzpatrick is the current CIO of the renowned Soros Fund Management. She is one of the fortunate chief investment officers who have had the privilege of working for Soros since 2000. Read more about George at The New York Times.

Soros re-emerges in the political scene

Soros has been endorsing politicians for years. In 2004, he spent over $27 million in an attempt to send President George Bush home. Since then, Soros had remained silent and kept off the political scene. In 2016, he re-emerged to fund Democratic politicians and gave out $25 million to boost Hillary Clinton’s campaign. Aside from Hillary, he also endorsed other politicians belonging to the Democratic Political Party. Hillary and Soros have known each other for the last 25 years.

According to his associates, the 2016 general election had made Soros hopeful that Hillary would win against President Donald Trump. According to Michael Vachon, Soro’s political advisor, he has been donating to various Democratic causes for years. His support for Hillary was viewed as an advantage to her against President Trump. Soros willingness to give stirred a spark on other rich fellows, such as Don Sussman, Haim Saban, and Tom Steyer, to fund the politicians of their choice. Towards the end of June 2016, Soros had dished out approximately $ 7 million through PAC to support Hillary’s candidacy.

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Reports show that Soros committed $2 million to the American Bridge 21st Century, an organization that targeted Republican politicians. He also donated $5 million to Immigrant Voters to sway votes in favor for Hillary. Other organizations funded by Soros are American Votes, Senate Majority PAC, End Citizens United, and the Voting Rights Trust. End Citizen United, an organization that supported Hillary due to her pledge to enforce campaign finance reforms was given $5000. Previously, Soros supported the election and re-election of President Barrack Obama.