George Soros is one of the premier examples of the person of business who utilize philanthropy by creating wealth from society and then giving a portion of it back in the form of charitable giving. His philanthropy has gifted over $12 billion to social causes to date, according to Open Society and read full article.
George Soros, the Formative Years
Soros, born in 1930, came of age in Hungary, where he experienced first-hand the country’s occupation by Nazi forces in 1944–1945, an occupation which, tragically, saw the murder of over 500,000 Hungarian Jews. The family of George Soros survived the carnage through concealing their ethnic identity and acquiring false papers and thus were able to make their escape, helping others in the process to also escape and learn more about George Soros.
An Educational Experience
According to Forbes Magazine, Soronos began his ascent up the economic ladder by attending the London School of Economics, which he acquired the financing for by laboring as a porter in a railway and also as a server in a dining establishment. He then began his life’s work in finance by finding employment in a merchant bank and George Soros’s lacrosse camp.
The Quantum Fund
His next move up the ladder of finance was moving to New York City in 1956 and working on Wall Street. In 1969 George Soros established a hedge fund of his own, with a starting capital of 12 million dollars. As time went on, this fund became renamed the Quantum Fund and Follow his Twitter.com.
The Beginning of the History of Soro’s Philanthropy
According to Open Society, Soros Began his history of giving in 1979. He also opened, after the Berlin Wall came down, “the Central European University as a space to foster critical thinking.”
The Man Who Broke the Bank of England
In 1992, along with Stan Druckenmiller, he was able to short the British pound. His profits, along with Druckenmiller’s were extensive. So much so, that he acquired the handle and reputation “as the man who broke the Bank of England,” according to Forbes Magazine. To this very day, Soros remains a heavy investor and powerhouse in the world of finance and more information click here.
The Dawning of Dawn Fitzpatrick
Soros recruited Dawn Fitzpatrick in 2017 to run the investment portfolio of his company as chief investment officer of Soros Fund Management.
This History Of Soro’s Philanthropy Continues to This Day
George Soros continues to donate generously to individuals and groups who share his vision, and as one of the wealthiest individual on the planet, he has many resources to fund causes and groups, and he continues to make a difference in the world.