Born in Budapest in 1930, George Soros fled Hungary to England. According to Forbes, he left Hungary in 1947, at the time when the Communists were consolidating their power in Hungary While in England; he enrolled in the London School of Economics. He worked as a railway porter and a nightclub waiter to support his studies. In 1956, he relocated to New York, joining other financial experts on Wall Street, where he began his finance and investment career where he was to make a fortune. Read more on NYTimes.com.
In 1969, he started his hedge firm with $12 million; the company would later be rebranded the Quantum Fund. Until now, George Soros remains a financial investment heavyweight to reckon with. He has managed to stay relevant in the financial investment industry through his company, Soros Fund Management. Through the firms, he estimated to be worth more than $30 billion in assets. Soros hired the seventh Chief Investment Officer of Soros Fund Management in 2017. Dawn Fitzpatrick was brought in by Soros to bring more changes that would encourage the growth of the fund. Besides investment and financial matters, Soros is a recognized supporter and funder of the liberal causes, and he has also criticized President Donald Trump due to his policies.
In 2016, the billionaire investor resurfaced in the world of politics. According to the Federal Election Commission, he gave a boost to the Hilary Clinton’s presidential bid and another Democratic party candidate by donating more than $25 million dollars. Through the information obtained through the interviews with his close associates, Soros, who is estimated to be worth $24.9 billion, was expected to give more as the Election Day came near.
People close to Soros say that he seemed to be more politically involved compared to the years before. He is likely to have been motivated by having confidence in Hilary Clinton’s leadership policies and the fears of her rival Donald Trump, whom Soros claims to be working hard to ignite fears. According to Soros political advisor, Michael Vachon, though Soros has been a consistent donor to the Democratic Party causes, this year the political risks seemed to be high. He added that they were high even before Donald Trump became GOP presidential candidates. This is because the Republican Party supported the issues that Soros had worked hard to support for several years. These problems include criminal justice reforms, religious tolerance, immigration reforms amongst others. Visit Project Syndicate to learn more about George.
In addition to influencing positive change through politics, Soros founded the Open Society Foundations, networks of organizations, partners and with a footprint in over 100 countries. Its primary objective is to bring influence change in accordance to Soros thinking. George Soros is the point of view that societies can only succeed when there is democratic governance, the respect for individual rights and freedom of expression. These are the reforms that Soros wishes to impact in the world.