George Soros is no stranger to the Public. Most people know him as the rich billionaire with ties to politics as a chief financier of most democratic affiliations. He is a wall street powerhouse and the owner of Soros Fund Management which is one of the most profitable organizations in New York. Soros billions can be traced back to when he migrated to the United States in the early 60´s and set up a Hedge fund. His accumulation of wealth is due to his apt knowledge in trading in securities and this is what propelled him to riches. His notable trade was when he traded in the British pound through arbitrage and generated lots of profit that set a foundation for his growth in the securities trade.
Soros has been very benevolent with his Billions. With an estimated net worth of $25 Billion he is one of the few philanthropic billionaires around. He has established Open Society Foundations in over 70 countries around the globe. The aim of these centers is to promote democratic processes, Social equality and protection of basic human rights. This number of centers is very huge and is very noble of a man who has dedicated his riches to promoting human rights and better policy relations with countries in less developed countries. Thee Open Society Foundations have made tremendous progress in providing the much needed funding for non profit groups and human rights activists.
In the political sector Soros contribution is well known. He has funded some of the most progressive and democratic individuals including the former president of the United States Barack Obama and Hillary Clinton. His interest in politics is due to the fact that it’s easier to fund sober political campaigns that advocate for promotion of human rights and protection of democratic processes. In some of his political anecdotes, Soros claimed that Terrorism occurred as a result of America’s poor foreign policy on other countries. Its lack of commitment to redistribution of wealth and financial aid to less developed countries was a major cause of strained relationships which resulted in acts of terrorism. Soros put across that it was important to promote international assistance to countries that lacked the capacity and the best way to do that was funding democratic campaigns.