George Soros is the founder of Soros Fund Management. The Hungary-born billionaire is worth $23 billion. Soros is a philanthropist working with organizations that support democratic and human right causes like Open Society Foundation. The London school of economics educated investor worked as a stock analyst and trader in New York.
George is broadly respected for predicting financial market movements and his huge spending and donations in causes he believes in. He has invested heavily in many companies such as $264 million in Barrick Gold and Deutsche Bank.
He generates his success from earlier investments in 1970. It is at this time that George Soros founded Soros Fund Management. Later on, in 1973, he created Quantum Fund in partnership with Jim Rodgers. The fund earned an annual return of 30 percent cementing his reputation. This helped him get into a position of power, which he enjoys up to date. Currently, he is involved in mentoring people and advancing his various agendas.
In early 1900, he placed large bets against national currencies and with huge returns on discoverthenetworks.org. In 1992, Soros sold the sterling pound and got $1 billion in profits in a day. Today, George Soros and has taken a back seat in his company. Since, 2000, he has been focusing on philanthropic efforts he accomplishes through Open Society Foundation which he founded.
Where do the donations go?
In the early 1980s and 1990s, George Soros bankrolled and funded revolutions in many European countries such as Croatia, Czechoslovakia, and Yugoslavia by channeling money to independent media, publishing houses and opposition parties. His reason was to promote better governance and democracy.
In 2004, George Soros started funding various groups in the United States for causes he holds dear such as immigration. Some of the groups funded include The American Institute for Social Justice whose goal is to transform poor communities by lobbying for increased spending on social programs. The New America Foundation is another group, which influences public opinions on various issues like global governance and environmentalism.
Soros also funds The Migration Policy Institute aiming to bring change to policy on illegal immigrant resettlement as well as increase social welfare benefits for immigrants on Politico. He has been using his foundation to funnel money to media outlets like Media Matters.
He channels the money through groups like the Tides Foundation, Democracy Alliance, and Center for American Progress to circumvent campaign finance laws in place. Also, he founds Democratic Party candidates sharing his ideas during campaigns on nytimes.com.
George has contributed to campaigns of prominent Democratic Party members like Barrack Obama, Bill Clinton, Joe Biden and Hillary Clinton. The Clintons are some of his best friends. Other donations have helped support various activist groups such as Black Lives Matter during the violence outbreak in Ferguson for improved race relations.