George Soros Politics, Social Concern, and Philanthropy

George Soros, a well-known person in history, was born in the year 1930 on the 12th of August in Hungary. He was a son of Erzebat and Tividar Schwartz who were non-practicing Jews. George and is family fled Hungary the country where he was born and moved to England. Here George attended London School of Economics. He put himself through school through working as a waiter and a railway porter before being a merchant bank. Soros later went to New York where he got his Wall Street Start and as well as establishing his hedge fund in the year 1969. He used $12 million to start the hedge fund which was afterward rebranded as Quantum Fund.

George Soros started his philanthropic activities in 1979. Five years later he started an Open Society Foundation in his home country and 1987, he established an office in Moscow. After establishing the Moscow office is when he started using huge amounts of money for various causes. His spending rose from $3 million in 1978 to more than $300 million in the year 1992. During the same period, Soros established many foundations throughout Central Asia and Eastern Europe. He was happy with the progress he had made and his influence increase as a result of his extraordinary wealth. Read his profile at Forbes.

Growing up George Soros had the concern of other people’s well-being at heart. His godfather being a member in politics, Soros growing up knowing that money is the most useful asset in life. He saw how his godfather had a good life while other people were suffering. This experience made him believe that the only way to have a better and comfortable life is to have money. He was a young boy at this point and would not do much at that time. He thought to himself that if people made money, then he would as well. He accomplished the goal, and since then he has been using his wealth to support many nations across the globe.

Statistics provided by George Soros’ associates, interviews, and the Federal Election Commission show that since George started engaging in charity, he has committed more than $25 million dollars to support various causes. He has also engaged in various currency trades using an estimated amount of $24.9 billion. His political advisor says Soros has been a consistent donor when it comes to politics and that is why he has used huge amounts of money on supporting politics. An example of an instance where he did not succeed is during Donald Trump and Hilary Clinton. There were issues against some agendas he supported such as religious tolerance and immigration. The situation made it hard for his support of Clinton. Read more on NYTimes.com.

Source:

http://www.discoverthenetworks.org/individualProfile.asp?indid=977

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