George Soros: A Business Leader and Philanthropist

George Soros was born in 1930 to a non-observant Jewish family in Budapest, Hungary. His parents were able to afford him a lavish life but this was interrupted by the Nazi invasion to Hungary in 1945. His father, Tivadar, sold him to a Hungarian government official to become a Christian godson. This move was to protect the Soros family from being killed during the invasion. Soros in his adopted state helped his people escape the invasion. He left Hungary for London when he was 18 years to purse a bachelor’s and later masters in philosophy at the London School of Economics. In England, Soros worked as a railway porter and a part-time waiter at a bar just to fund his education and stay in England. Later, he worked at various merchant banks in London, grooming himself to becoming the business magnate and investor he is. It was during this time that he began his first Hedge, Double Edge in 1969.

Soros used his profits and savings from Double Edge to finance and start his second Hedge fund, Soros Fund Management in 1970. Double Edge was re-branded and later renamed Quantum Fund was worth about $12 million in assets, but has since grown to $25 billion as of 2011. In 2017, Soros is ranked the richest hedge fund manager in the world. He uses his wealth and fortune in philanthropy work across Europe, Africa, Asia and America. To date, Soros has donated $12 billion in charity. He started off in the late 70’s where he awarded scholarships to needy South African scholars in the University of Cape Town during the apartheid regime.

Through his Open Society Foundations, Soros has had a very active political influence across the world. His vision is clear on Democracy and arbitration of truth. His foundations are active in 100 countries across the world and he uses this as a platform to not only train activists but also positively criticize democracies and voice the truth. He believes in tackling global wars like poverty, health and ignorance so as to defeat acts of terrorism. Soros is known for his support of progressive and liberal politics all across America and has never hesitated to point out errs in governments especially concerning marginalized groups and people based on who they are. Soros has backed major political leaders in the U.S.A including; Bill Clinton, Barrack Obama, Hillary Clinton among others. Soros continues to chair his foundation and is keen on global peace and politics.