The whole world recognizes George Soros as a billionaire who has a huge political influence in America as well as business magnitude worldwide. 86 years old George is a successful Hungarian-American investor who also participates in philanthropic works. He is the founder of the Soros Fund Management LLC and his current real time net worth as of February 2017 is USD 25.2 billion. He is among the 30 richest individuals globally.
About George Soros Early Life
Soros was born in Hungary as a Budapest. He fled the country in 1947 and enrolled himself at the London School of Economics where he graduated with a Bachelor’s Degree and later a Masters in Philosophy, the knowledge that he uses to succeed in capital markets. While studying, Soros was also working as a waiter and a railway porter prior to getting his start in the finance at a merchant bank. Later he joined the Wall Street and in 1969 he established his own hedge fund, Double Edge, with USD 12 million. It was later renamed to Quantum Fund. With Stan Druckenmiller in 1992, Soros shorted the British pound and from it made such an extraordinary profit of USD 1 billion which made him be referred to as the man that broke the Bank of England and ever since has done great deals that make him the billionaire he is.
George is a renowned supporter of the American progressive and liberal political causes. He makes donations through the Open Society Foundations that he established. He has funded numerous political causes but after 2004, his main focus was on charitable works. His international foundations have given out more than USD 13 billion over the past 3 decades to nonprofits with the intention of safeguarding human rights, expanding healthcare access and education in the US and other parts of the world. He also makes donations to shape the democratic procedure Eastern Europe. In 2005, Soros played a formative role in launching the Democracy Alliance Read more on NYTimes.com.
George Soros Political Influence in 2016
George Soros is a fierce critic of President Donald Trump. He committed more than USD 25million is support of Hillary Clinton in various ways as well other Democratic candidates and causes. According to Politico, George Soros has consistently supported Democratic causes, immigration reform, religious tolerance, and criminal justice. Out of the amount donated in support of Hillary, some went to the Immigrant Voters Win, the Voting Rights Trust that was devoted to fighting conservative efforts to restrict voting, and also to a number of voter mobilization group. In as much as other elite liberal donors wrote big checks in aid of the campaigns, few bellwether the impact that Soros made.
Soros is an example of a leader that should be emulated. His works of philanthropy in various institutes is a show of how concerned he is making the society better.
Follow George Soros on Twitter.