Review Of George Soros’s Developments And Philanthropy

George Soros is an 86-year-old fund manager. He is based in New York. His immense political influence and wealth have placed him among the most powerful individuals on earth. George Soros made his fortune of $13 billion from hedge funds. George Soros also made another $25 billion in investor AUM through his firm, Soros Fund Management. In 2016, George ranked position 19 on Forbes 400, number 23 on Forbes Billionaires and tenth among the Highest Earning Hedge-Fund Managers by Forbes. Soros is a traditional political supporter who channels his wealth to Democratic Party and causes such as immigration reforms, justice reform, religious tolerance and Black Lives Matter. Through his organization, the Open Society Foundation, he has dispensed over $5 billion to numerous organizations that advocate for open societies. This information was originally mentioned on Forbes.

Born in 1930 in Budapest, Hungary, George Soros grew up during the Nazi reign where they were forced to conceal their Jewish heritage and forge Christian identification for safety on Investopedia. George flew to England in 1947. Here, he enrolled at the London School of Economics. He had the opportunity of associating with Karl Popper, the Viennese-born philosopher whose book “The Open Society and Its Enemies” gave George the idea of Open Society Foundation. He graduated from the institution in 1952. George started his career at the London Brokerage Company Singer and Friedlander, where he gained extensive experience in international arbitrage. Later, he moved to New York where he joined Wall Street as a stock trader. George Soros plan was to stay at New York for five years and save $500,000 before returning to Europe. However, this situation changed when he secured a job at the Investment Bank Arnhold and S. Bleichroeder Inc. as a portfolio manager.

While working for Bleichroeder, he established the “Double Eagle Fund” with a capital of $4 million, including his own $250,000. Four years later, Soros partnered with his assistant, Jim Rogers, to form Soros Fund Management, a private partnership. By 1985, the entity was worth over $1 billion. In 1979, George started engaging in philanthropic activities through the Open Society Foundation. Over the years, he has supported many organizations on project-syndicate.org. Some of them are The Arab American Institute impugns, The National Council of La Raza charges, The Center for Community Change, Healthcare for America Now and Alliance for Justice among many others. As a political donor, Soros has supported candidates like Joe Bidden, Bill Clinton, Hillary Clinton, Joe Sestak and Ken Salazar among others. He has also channeled his money to Democratic Congressional Campaign Committee, The Democratic Senatorial Campaign Committee and the National Committee Services Corporation. After the 9/11 terrorist attack, Soros started engaging in active American Politics. He viewed this as an opportunity to rethink and reshape America.