Satisfaction in Giving Back to the Society- George Soros, One of the World’s Wealthiest Men

George Soros was born in 1930 in Hungary. He lived through the Nazi occupation and survived the murder of Hungarian Jews by concealing his background and assisting others to do the same. He left Budapest in 1947, and relocated to London where he worked on a part-time basis as a nightclub waiter and a railway porter while he studied at the London School of Economics. George Soros, later on, moved to the United States in 1956 where he began his investments. George launched his hedge fund in 1970 and became one of the most successful investors in American history. He used his earnings to create the Open Society Foundation.

86 years old George Soros is a prominent billionaire. He openly supports causes that liberals believe in. He has been depicted as having great power and controlling the global economy at times. In the early 1990’s, George Soros took a bet against the British pound that broke the monetary system of England overnight, earning him more than one billion dollars. He was seen to take similar steps later on during the Asian financial crisis.

George Soros has a net worth of $25 billion. He joined active politics in 2004 when he funded people who were fighting against the re-election of President George W. Bush as he also voiced his opinion on the Iraq war. As a wealthy man, George Soros is not politically conservative as he opts to dedicate some of his wealth towards politics. He founded the Open Society Foundation which is committed to social justice. The work done at the Open Society Foundation is a reflection of the ideologies of George Soros which were influenced by the philosophy of Karl Popper. Visit nytimes.com to know more about George.

The foundation has spent more than $1.6 billion toward the democratic development of Eastern Europe. It has also spent not less than $1.5 billion on democratic reforms that include democratic governance and criminal justice in the United States. George Soros is also remembered for giving black South Africans scholarships under apartheid. He funded cultural exchanges between the West and Eastern Europe and created the Central European University after the fall of the Berlin Wall in order to foster critical thinking. At the end of the cold war, George Soros expanded his philanthropic activities to Asia, the United States, and Africa. He helped to begin the American Medical Marijuana Movement. Know more about George Soros on CNBC.

George Soros is known as one of the world’s top philanthropists having donated not less than $12 billion. His funds support people and organizations in different parts of the world to achieve justice and equality and support the fight for freedom of expression. He supports the groups that represent the Roma people and the minority like the LGBTs and sex workers.

SOURCE

https://www.opensocietyfoundations.org/people/george-soros

http://www.pulselive.co.ke/bi/finance/finance-george-soros-is-a-favorite-target-of-the-right-heres-how-that-happened-id6709643.html

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

Betsy Devos: One of the Nation’s Top Givers

Much is expected from those to whom much has been given – this could be the motto of Betsy Devos, though she might argue that her family and that of her husband, were given only opportunity; they earned the money they have.

Categorized by Forbes in 2015 as number 24 on their list of America’s Top Givers, it might be more efficient to list the establishments that have not been assisted by Ms. Devos than those that have. Long devoted to their Christian mission and school education, the Devos Foundation donated over $100 million dollars to deserving organizations, of which approximately half went to Christian organizations.

When her four children were small and began attending school, Ms. Devos became interested in education. She visited local non-public schools in her home state of Michigan and visited the public schools. She realized what the statistics on the public system have reflected for many years: public education was failing. We, as members of the pool supporting public education, were investing in a failing system that was not educating children and was, in some cases, actually putting children in dangerous environments. Read her interview with Philantrophy Table.

Ms. Devos and her husband were blessed with assets that enabled them to send their children to any school, but Ms. Devos realized that few people had that option. On invitation, she and her husband visited The Potter’s House in Grand Rapids, Michigan. Both were impressed by the quality of the education offered there and by the dedication of the school parents who worked long and hard to afford it because the available public education was inadequate.

With the sponsorship of the Potter’s House, Ms. Devos turned her attention and considerable means to education and found many similar instances of poor public institutions. Ideally, we would revise these institutions that we all support with our taxes, but vast opposition to substantive change led Ms. Devos to making more and more substantial investments in successful, private education.

Read more: http://www.npr.org/sections/ed/2017/01/31/512507538/under-devos-heres-how-school-choice-might-work

In time, this graduate of tiny Calvin College in Michigan, became a philanthropic force in the nation. Though her foundation, Betsy Devos has contributed to countless educational institutions as well as many art and research establishments.

No single family can support all of the American children deserving of quality education. Betsy realized that making an impact in education required political involvement. She expanded her efforts into nation-wide opportunities for school choice and has seen substantial success, particularly in Florida.

Her organizations continue to support educational and artistic opportunities for people across the country and the list of organization to which the Devos family contributes continues to grow.

Ms. Devos plans to extend her influence nationally through her current nomination and it will certainly be a great day for education when she begins that excellent work.

Dick DeVos Philanthropy

The DeVos family is known broadly for being one of the founders of giant multi-level marketer Amway. Today, Dick DeVos has branched off into philanthropy. Mr. DeVos believes that those who have been blessed with a lot of money should invest it to help those who are struggling. The Dick & Betsy DeVos Family Foundation exists to take the DeVos family wealth and transform it into positive community outreach and support vehicles.

 

The Foundation focuses on assisting people in five core areas, education access, community outreach, the arts, social justice, and leadership. Other organizations can come to the foundation and request support. If they decide to be long term partners, the Foundation will then open up resources that can transform the organization’s operating model.

 

Dick DeVos is of Dutch ancestry, which heritage he shares with other famous American families such as the Roosevelts, Kochs, Van Burens, and Voorhees. Mr. DeVos believes that helping the community is essential to a wealthy individual’s daily duties. He feels that stewardship and his personal faith have helped shape understanding of becoming a wise philanthropist. Dick DeVos is known for debating labor union kingpin James Hoffa in a series of public debates in 2012.

 

Dick DeVos is a member of the Windquest Group, an investment organization which specializes in technology, manufacturing, and environmental engineering. The Windquest Group takes the DeVos family fortune and turns it into something that can impact the future positively. Dick DeVos has fought the public education machine by advocating school vouchers for the poor. Although some of his legislative attempts have not been successful, Dick DeVos has successfully funded the Education Freedom Fund, which provides school vouchers to low income children.

Know more: https:/www.crunchbase.com/person/dick-devos

Dick DeVos is a low profile big contributor to the Michigan Republican party. DeVos believes that right to work laws contribute strongly to job creation. MSNBC has moaned about the vast political influence that DeVos has over the Michigan legislature, “Among Michigan power brokers, DeVos might well be the bigger name.”

 

DeVos values a soft and quiet method of changing U.S. culture for the better. “My mother taught me to be respectful and polite,” DeVos emphasizes, after the news media made fun of his attempt to become Michigan’s governor in 2006. DeVos partly lost because his Democratic opponent complained during the debate about his investment in a nursing home. Voters found that unsavory, though DeVos himself did not mean anything malignant by it.