George Soros is a renowned entrepreneur and philanthropist. To date, he has donated more than $12 billion to different initiatives. His funds support individuals and groups that advocate for freedom of expression, government transparency and accountability, justice reforms, and equality. He has been actively involved in fighting for the rights of the people, especially those who face discrimination. They include Europe’s Roma People and marginalized groups such as sex workers, drug abusers, and LGBTI. His vocal support for these people is driven by his firsthand experience of discrimination during the Nazi occupation in Hungary. George Soros was born in Hungary. During his formative years, the Jews were facing hostilities from the Nazi regime. More than 500,000 Hungarians died at the hands of the Nazis. George and his family were forced to acquire false identification documents to conceal their Jewish heritage. They also helped other Jewish families to disguise their identities. He recalled with triumph how they were strong willed to fight against the resistance. In the end, they survived the discriminate attacks. Visit Project Syndicate to learn more about George.
After accumulating huge amounts of money from his hedge fund, Soros created Open Society Foundation. Over the years, he has supported different organizations and initiatives whose agenda is to fight for the rights of the people and improve their livelihoods. Soros borrowed the idea of Open Society from a book authored by Karl Popper, a renowned philosopher. George Soros interacted with Karl while he studying at the London School of Economics. Karl Popper’s book, Open Society and its Enemies, states that societies can only thrive through democracy, respect for individual rights and freedom of expression. Open Society Foundation operates in over 100 countries, including the United States, Asia and Africa. Some of his charitable giving includes providing scholarships to black South African students during the apartheid, and supplying photocopiers to the Communist Eastern Bloc to print banned texts with the objective of encouraging the exchange of ideas. After the fall of the Berlin Wall, Soros established the Central European University to promote critical thinking. The shrewd investor helped kick-start America’s medical marijuana movement. He is also a traditional supporter of paralegals and lawyers who represent thousands of individuals that have been held illegally. His philanthropic activities have extended beyond his foundation where he has supported independent organizations such as the International Crisis Group, Global Witness and the European Council of Foreign Relations.
When the communists consolidated power in the aftermath of war in 1947, George Soros and his family flew to London. He worked as a part-time railway porter and a waiter to raise funds his college education. After graduating from the prestigious London School of Economics, George relocated to the United States. Upon arrival, he secured job in the Wall Street. After working for a while, he established his own hedge fund called Soros Fund Management. Owing to his extensive knowledge and experience in investing and hedge fund, he was able to provide clients with innovative services. George Soros’ net worth is $24.5 billion. Today, Soros is one of the active investing heavyweights. Soros Fund Management has $30 billion worth of assets under its management.