The Success Story and Philanthropic Activities of George Soros

The story of George Soros is an inspiring story. He was born in Hungary but fled the country due to political instability at the time. He went to the United Kingdom and worked as a waiter and a railway porter and used the money to put himself through the London School of Economics. He started working in finance in one of London’s merchant banks.

He left the U.K and moved to New York. When in New York, he familiarized himself with the Wall Street and became successful that he started his hedge fund with a $12 million as the asset in 1986. The name of the hedge fund was later changed to Quantum Fund.

His financial break came in 1992 when he collaborated with Stan Druckenmiller, a fellow investor and hedge fund manager; they were able to short the British pound. It resulted in the two making huge profits that he was referred to as the “man who broke the Bank of England.”

Even decades later, Soros is still considered an investment heavyweight. His investment office is said to manage assets exceeding $30 billion. Dawn Fitzpatrick was hired to lead the Soros Fund Management as the new Chief Investment Officer in 2017. Dawn Fitzpatrick is considered to be a prominent and influential woman in Wall Street. She has become the seventh Chief Investment Officer to head Soros Fund Management since 2000.

In 2016, George Soros aired his support for Clinton when he made a donation of $25 million to support her campaign. His support for Democratic candidates dates back to 2004 when he committed more than $27 million to try and defeat George W. Bush. Even though it didn’t go his way, he showed strong support to the Democratic Party. Read his profile at Forbes.

Soros has recently criticized President Trump’s actions and said that he is playing into the hands of ISIS by instilling fear to people. He has remained a critic of the current president.

His estimated net worth is $25 billion, which he acquired through risky currency trade. As a rich man, he likes to give back to the society. Through Soros’s Open Society, he has been able to donate more to charity than any other Wall Street billionaire. The Soros’s Open Society tries to identify people, communities, and societies in need of aid and do their best to deliver the assistance required. They are known to help the oppressed, marginalized and the vulnerable communities. As a survivor of the Nazi invasion and occupation of Hungary and coming from a Jewish family, he knows best how it feels to be oppressed.

The foundation has contributed to the education, health and other humanitarian efforts required around the world. Soros’s Open Society is also known to funding organizations and individuals who are on the same mission as the foundation. Read more on NYTimes.com.