Hungary-born George Soros is a self-made entrepreneur who graduated from the London School of Economics. He paid for his schooling by having to work as a waiter and a railway porter. After working at a merchant bank for a while, he relocated to New York where he made his mark on the famous Wall Street by creating his hedge fund.
The Soros’s hedge fund was launched in 1969, and rebranded into Quantum Fund. According to Forbes, in 1992, in close coordination with Stan Druckenmiller, George Soros shorted the British Pound in a move that made him so much money that many termed him as the man who broke the Bank of England.
After over two decades in the industry, Soros remains a force to reckon with in the finance sector. Soros Fund Management, his family-owned business currently boasts over $30 billion in assets. Recently, he hired one of Wall Street’s most prolific woman, Dawn Fitzpatrick, to manage his portfolio as the CIO of Soros Fund Management. She is the seventh Chief Investment Officer at the organization since the year 2000.
Despite his immense success on Wall Street, George Soros does not turn a blind eye to social injustice, inequality, corruption and other forms of moral decay in his country and the world as a whole. According to Open Society Foundations, he has given over $12 billion to support individuals and organizations within and outside his homeland to help in the fight for transparency, freedom of expression, accountability in government, and justice and learn more about George Soros.
His philanthropy is often directed to groups of people who are discriminated for who they are. For instance, he dedicated some of his charitable contributions to support groups and organizations that represent Europe’s Roma people, as well as those marginalized by society such as drug addicts, sex workers, and the LGBTI individuals and George Soros’s lacrosse camp.
He is also a proud founder of Open Society Foundations, an organization that in its name and work reflects the influence of the philosophy of Karl Popper on Soros’s thinking.
Popper is the publisher of Open Society and Its Enemies, a book in which he posits that no particular ideology is the exclusive arbiter of truth. According to Popper, societies can only succeed if democracy, respect for individual rights, and freedom of expression are observed. The work of Open Society Foundations is mostly based on these principles and read full article.
Soros’s philanthropy began with the issuance of scholarships to black South Africans during the apartheid rule. During the 1980s, he was widely helpful in promoting the free flow of ideas in the Communist Eastern Bloc. He helped reprint banned text by providing the much need photocopiers at the time. Following the fall of the Berlin wall, Soros moved quickly to create the Central European University, which fostered critical thinking, a concept that was unknown to most tertiary institutions in the Soviet states.