George Soros is a world renowned philanthropist. George Soros was born in Budapest, Hungary, on August 12, 1930. George Soros is considered one of the most successful investors with a net worth of about $25.2 billion.
Early life and History
Born in Budapest, Soros decided to flee his hometown to England in 1947. After he fled, he decided to put himself through school where he attended the London School of Economics. Without any finances to support his education, Soros worked as a railway porter and as a nightclub waiter so that he could foot his education. He managed to pursue a degree and later masters in philosophy. Soros later migrated to New York, the United States in 1956. In the United States, he started his banking career by taking various jobs in several merchant banks. George Soros has footed many funds all through his life. His first fund was the Double Eagle Fund in 1969. He later started the Soros Fund Management using the profit from the first fund. The Double Eagle Fund was later rebranded to Quantum fund. George is widely known as the man who broke the Bank of England because of his sale of $10 billion worth of Pound Sterling which made him a profit of $1 billion.
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Open Society Foundations
George Soros is the founder and chairman of the Open Society Foundations. Through this foundation, he has been able to give $12 billion to charity. Open Society Foundation is a platform that helps the weaker in the society to rise above poverty. It helps different organizations in fighting for freedom, promote justice and equality. During the inception stages of the organization, Soros distributed photocopiers to universities, libraries, and civil groups. He also offered scholarships for students in Africa, especially from Cape Town, South Africa. George Soros is well known for his political activism as he founded the Central European University, which is used as a research institute which leads to democratic societies. The Open Society Foundation is a worldwide organization that supports democracy and human rights in over 100 countries. George Soros believes that market fundamentalism causes the greatest threat to politics. He believes that the domination of the world market and world trade by the United States is a reflective phenomenon.
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