George Soros has experienced much in his long life, including life under Nazi rule and amassing billions through brilliant hedge fund management. For example, a particularly lucrative sale of Pound sterling earned him a billion dollars in profit in 1992. He is also known for donating considerable funds to worthy causes like encouraging democracy in eastern Europe, human rights, and climate change through his Open Society Foundations and other charitable organizations.
His Forbes profile claims he emigrated to England from Hungary in 1947, working in merchant banks before starting Double Eagle, his hedge fund, in 1969 with $12 million. Double Eagle turned enough profit for Soros to start a second hedge fund (Soros Management Fund) in 1970. In 1979, Soros decided he his personal fortune was enough and established Open Society Foundations. Presently, Quantum Fund (Double Eagle was renamed) holds over $25 billion in worth, and Soros Management Fund holds $30 billion and his Website.
Soros now lives in the United States and takes an active interest in American politics contributing significant sums to liberal groups. According to Politico, he donated $27 million during the 2004 presidential election to promote John Kerry over Bush and $25 million to Clinton during the 2016 election. Analysts expected his cash to turn the tide for Clinton and his influence to bring in more big ticket donors. Both large super PACs, like Immigrant Voters Win, and small organizations like state based voter mobilization groups, benefit from his donations and read full article.
His international foundations have received about $13 billion to increase access for education and healthcare, defend human rights, and promote democracy around the world. Soros also works to educate people about climate change, income inequality, and other major problems in the United States and learn more about George Soros.
George Soros clever manipulation of markets made him a billionaire, and he uses his fortune to benefit others through both his direct humanitarian efforts and his political donations and George’s lacrosse camp.
VOGEL, Kenneth. P. (2016, July 27). George Soros rises again. Politico. Retrieved September 17, 2017, from http://www.politico.com/story/2016/07/george-soros-democratic-convention-226267