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Even though there are tons of political contributors and thought leaders in the United States who have helped in crafting this great democracy, one of the opinion leaders, political contributors, authors, and philanthropists who have played a vital role in how the U.S. politics shapes out is George Soros. He has witnessed how the world has undergone the political and social transformation in the past few decades and knows what the world wants to stay united and peaceful. It is why he has fuelled in his hard earned money in just about every U.S. election that happens to ensure that the pro-reform candidates are backed, and democracy wins. George Soros is a man who doesn’t hesitate in taking a stand for his belief and is amongst the first few public figures to openly come out in support of LGBTQ community and the victims of the drug abuse.
George Soros says that the government and the leaders should have an unbiased view of the country’s population, keeping aside their personal beliefs and value system. It is what would help in upholding the constitutional rights of the people and help them trust the government. However, the political situation in country and the world has been disappointing him, and the defeat of Hillary Clinton in the last Presidential Election was a significant setback for him. George Soros spent more than $30 million in the election campaign of Hillary Clinton and was ready to pay more if there was a need. What he needed was a leader at the top of the government who is pro-reforms and leads the government with transparency and unity. However, even as Hillary Clinton couldn’t win the Presidential Election, it didn’t stop George Soros to continue working for people and back the political candidates in the regional and district elections who would eventually help with passing the reform bills he wants to get implemented.
George Soros uses his personal wealth to empower low-income communities in the United States as well as in the other countries. The foundation that he started in the year 1979, Open Society Foundation, is one of the wealthiest foundations in the world and recently received $18 billion from George Soros. It makes Open Society Foundation the second richest charity organization in the world after Bill and Melinda Gates Foundation. George Soros has experienced politics and its dark side very closely in his lifetime and knows what the world needs today for a progressive and peaceful tomorrow. It is for that very reason he puts his money online knowing well that it is the responsibility of the people who have the resources should act now before it’s too late.
George Soros doesn’t only pumps his money to make the world a better place, but also helps in driving awareness and funds protests and movements that help in building political pressure on the government. He has helped back Antifa movement and Black Lives Matter, and even though he was criticized for it by certain sections of the community, George Soros didn’t hesitate in doing what he feels right to bring equality in society.
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George is a Hungarian American born in August 1930 in Budapest. He is a survivor of the Nazi Germany after which he left for England in 1947. His family was used to conflict and controversy during Nazi, and it was imperative to get means of survival otherwise death would be imminent.
Soros learned his business and financial skills from his Russian mother who was from a family that was business oriented owning a silk shop. Soros was also a witness of social injustices given that his father was imprisoned before and after the World War 1. George’s desire and support for democracy emanates from the experiences he would have had and seen throughout his life.
George pursued his undergraduate degree from London School of Economics and later on attained a master’s degree in Philosophy. George is a successful businessman and is among the thirty richest people in the world having a net worth of 25.4 billion as of May 2017. He is an investor, philanthropist, and author. Learn more on Discover the Networks about George Soros.
George Soros Career Journey
Following his graduation in business and economics, it became challenging for him to secure employment since racism was still rampant then. He sent many application letters with no positive response. However, the game changer for him was when he received positive feedback from Singer and Friedlander Company. The primary reason for getting a position was because the managing director was a Hungarian. He started working at the entry level as a clerk. Nonetheless, he did not remain at the basic but grew to work in the arbitrage department before moving to the New York when his fortunes would unfold, and in time Soros would realize a total transformation of his life.
Soros Fund Management
On moving to New York, Soros started by working in Wall Street before the establishment of his own hedge fund with $12 in 1969. The primary reason that he managed to make such progress was his resilience, focus, hard work, and determination.
Later, he re-branded it to Quantum fund. Notably, it was in 1992 that he was able to make another great milestone with combined efforts with Stan Druckenmiller that they shorted the British pound making abnormal profits. It was after that George started being referred to as the man who broke the bank of England because of the financial breakthrough he realized.
Soros Fund management is his family office which has $30 billion value of assets. This year, George hired Dawn Fitzpatrick, a prominent woman from Wall Street so that she can run the investment portfolio of the Soros Fund management. Learn more about his profile at businessinsider.com
George Soros, the philanthropist
In 2009, he gave $35 million to parents in New York possessing benefit cards and needy children as well. The lives of these beneficiaries were transformed significantly. George Soros constantly gives money to humanitarian activities and needy people in New York.
Soros took his investment skills and established Soros Fund Management. This company runs Quantum Group of Funds which speculatively invest in stocks, commodities, and foreign exchange. This company has made Soros his billions. His net worth is estimated at nearly 25 billion dollars.
This 85-year-old investment guru has written books to share his amazing experiences. Among the most popular ones is the “Alchemy of Finance.” What’s more, he wrote another well-known book, “Underwriting Democracy,” expressing his interests in politics.
But investing and writing isn’t all what Soros is about. He also has founded an Open Society Foundation. This organization operates in multiple countries and its primary objectives include building tolerant democracies and government accountability. This organization works for greater tolerance of transgender individuals, refugees, and Roma people among others.
The recent refugee crisis has taken attention of George Soros. He states that Europe should accept a million Middle-Eastern and African refugees per year for foreseeable future and to support them financially. This has drawn much criticism from some politicians.
According to Soros, the burden of accepting refugees should be spread among various members of the European Union. This has brought criticism from Hungary, a place where Soros was born and left at the age of seven. Victor Orban, a Hungarian leader, publicly blamed Soros for causing a refugee crisis.
Soros made an announcement detailing how Europe should rebuild its asylum system. He blamed the European Union for a lack of common asylum policy and not doing enough to help the Syrian and other refugees. His plan calls for Europe and other countries to spend many billions of dollars per year on refugee aid.
As the refugee crisis intensifies, Soros and his organizations will likely push for their vision of how Europe should be and act.