More Than Money: George Soros’ Background and Philanthropic Work
George Soros is well-known around the world for being one of the richest billionaires ever. Born in Budapest in the 1930, Soros (of Jewish descent) survived the Nazi occupied country during the years of World War II on politifact.com and later fled to England after the war. When in England, he attended the London School of Economics and graduated in 1954.
However, it wasn’t until George Soros moved to America that he founded what he is most famous for today Ð the Soros Fund Management, which has helped him to become the billionaire that he is today. Founded in 1969 in New York, Soros Fund Management invests in public equity and fixed income markets all around the world. The firm also invests in growth equity transactions, start-ups, build-ups, and buyouts. In addition, they focus their attention on investing in resources such as coal, copper, gold, and coke. The Soros Fund Management has been rebranded into the Quantum Fund, which made such an impressive profit in 1992 that it shorted the British pound. George Soros on latino.foxnews has since been known as ‘the man who broke the Bank of England’.
Though George Soros has certainly done well for himself in the business world, he has also been a very active philanthropist. Of his philanthropic work, Soros is best known for providing African students with the funds to attend Cape Town University in apartheid Africa. This work began in 1979 and has since been birthed into the Open Society Foundation, a foundation founded by Soros himself with a personal mission to replace authoritarian forms of government with open societies. Soros says, “Open society is based on the recognition on http://www.bloomberg.com/news/articles/2016-01-07/global-markets-at-the-beginning-of-a-crisis-george-soros-says that our understanding of the world is inherently imperfect. What is imperfect can be improved.” Today, the Open Society Foundation operates in over 100 countries and is constantly working to promote Soros’ values of human rights and open society. Through the Open Society Foundation on politico.com, George Soros has given away more than $11 billion throughout his lifetime.
In 1984, Soros worked hard in Hungary to break the Communist party’s control on information by distributing photo copiers to libraries, universities, and civil service groups all across the country. He would continue work similar to this in other countries such as Poland and Russia after the fall of the Berlin Wall in 1989. This type of philanthropic work on Soros’ part definitely contributed to more democratic governments and open societies in countries that were previously dominated by the Soviet Empire. This work has led to Soros founding the Central European University in 1991, to serve as a center for research and policies that advocate his beliefs in open societies.
Today, George Soros continues to be very influential in economics, politics, and philanthropy. He has authored over a dozen books including The Tragedy of the European Union, and The New Paradigm for Financial Markets. He continues to write articles and essays that appear in the nation’s most popular newspapers and magazines. Soros is happily married to his wife, Tamiko Bolton, and has 5 children. He currently resides in New York, and maintains dual citizenship in the United States and Hungary.