6 May

George Soros Against All Odds

George Soros; 87 year old self-made billionaire was born in Hungary in 1930.During this time, there was the Nazi rule and he fled to London in 1947. Being in a foreign land, George started as a waiter in a local night club. From this humble beginning, he was able to raise money for his education. He attended the London School of Economics and attained a degree in Economics .After school in 1956, he moved to America where he began his career in finance and investment.

Soros worked on Wall Street and it’s from this point that he started the hedge fund with a capital of 12$million.Later, it was changed to Quantum Fund .His growth has seen him through the establishment of Soros Fund Management which has assets worth 30$ billion. He recently elected Dawn Fitzpatrick to run the investment. Learn more on Biography about George

Report from Forbes indicates that by 2009, his fortune was about $ 12 million. As of 2015, he had a net worth $26 billion making the 21st richest person. George Soros Fund has revenue of about 10 billion dollars which he uses in donations. Using his fortune, he established the Open Society Foundations which is made up of partners, projects and networks of foundations in over 100 countries. This foundation is a reflection of Soros’s philosophy where he advocates for freedom of expression and human rights respect. The foundation aims at promoting justice, education and public health among others.

According to Discover the Networks, he is among the most powerful people in the world. This is because he has an influence in political and governance of most countries. As a manager of the Hedge Fund, his wealth was approximated to be 13$ by 2009 .Discover The Network further indicates that the Soros Fund Management has 25$ billion worth of assets. Some of the organizations that receive his donations include the American Immigration Council, Drug Policy Alliance and the LGBT.

His philanthropic deeds can be seen where the Discover the Networks highlights that since the establishment of the Fund, he has donated over 5 billion dollars to organizations that have a common objective with his organization .Every year, and Open Society foundation alone makes donations to groups worth millions of dollars. Some of the groups that receive the funding are those that fight drug abuse and protect the rights of sex workers.

Read more: http://www.nybooks.com/articles/2015/02/05/new-policy-rescue-ukraine/

Soros has been involved in politics for a long time. Due to his influence, he has funded some political campaigns for instance the march in Washington that protested against Trump’s policies. During the recent Americans’ elections, reports from his political advisor indicate his interest in funding the Hillary campaign and other democrats. His interest is majorly in making the world a better place by providing them with a democratic platform. Hillary’s campaign received about 30 million dollars. George uses his wealth to change the world by doing service to others.

Know more on investopedia.com about George Soros.

One thought on “George Soros Against All Odds

  1. It is possible that he made some money from saving but nothing we have is really all ours and I think the mentality need to change. However, Rush Essay has taught me to rely on some of the most community based approach to solving problems and I think having collaboration is best. In the end he may be self made but all the money do not grant him the wishes he has for the world so we can say a lot about it.

Leave a Reply

Your email address will not be published. Required fields are marked *