George Soros: Investment Mogul Turned World’s Largest Philanthropist

George Soros: Investment Mogul Turned World’s Largest Philanthropist

George Soros’s life is a story of humble beginnings, with an affluent, happy ending. In September 2015, Forbes ranked Mr. Soros, as the 21st richest man in the world with his current net worth estimated to be a whopping $25.5 Billion. George Soros was born in August 1930 in Budapest, Hungary. He immigrated to London in 1949 after surviving the Nazi occupation of 1944-5. George Soros enrolled in the London School of Economics, where Soros, supported his studies by working as a railway porter and a nightclub waiter. He graduated in 1952.

Soros is genius in investment was evident after a short stint with his first employer F.M Mayer, a Wall Street Brokerage firm in 1956. In 1970 George Soros, by now a prominent investor in the capital markets, started Soros Fund Management which is currently known as Quantum Fund Endowment.

Philanthropy is George Soros middle man. Presently his total donations stand at $12 Billion. He has donated to numerous charitable organizations through his Open Society Foundation which he founded in 1984. A generous donor, his contributions are in support of Democratic causes, education, medical, human rights, discrimination causes. Open Society Foundation is well known of its support for discriminated groups such LGBT, sex workers, and drug addicts. George Soros Foundations has charitable activities in over 100 countries. Learn more on discoverthenetworks.org about George Soros.

Soros has a heart for politics and is presently the largest independent donor. During the 2004 presidential elections, he donated $27 Million to John Kerry’s campaign, in a bid to oust George Bush over his stand on the Iraqi war. Though George Soros had publicly declared that he would claw back on his political donations, records at the Federal Elections Commission tell a different story. George Soros funded the Clinton presidential campaign to a tune of $25 Million.

Politics has always had a center place in his heart. George Soros understands that the government in power and some of the Democratic candidates he has funded can advocate and influence his causes all over the world. His other significant political donations include; $5 Million to a Super Pac associated with Clinton on Priorities USA Action, He also donated a similar amount to the Immigrants Voters Win, a super PAC that targets to increase the voter turnout of Hispanic immigrants to sway votes in the primary states. Learn more about George at Biography.

In 2005, he helped form the Democracy Alliance, a secret club of major donors. This time, the donations were channeled towards projects fighting against income inequality, massive money influences on governments and intellectual infrastructure.

Besides being an investments mogul, George Soros is a family man. In 2013, George married Tamiko Bolton, and he has five children. Soros is an author of bestselling books such as The Tragedy of the European Union, The Age of Fallibility, and Open Society.

Read more: http://www.investopedia.com/university/greatest/georgesoros.asp

Comments are closed.