George Soros is an accomplished businessman and philanthropist who is currently based in the United States. He has generated billions of dollars from the finance industry in the last four decades. Soros came from a humble background in Hungary and had to pay for his education at the London School of Economics. While in the U.K, he had to work as a nightclub waiter and a railway potter to make money to support himself. The finance expert then moved to New York where he was offered an opportunity to work for different hedge fund companies. A few years later, he had accumulated over $12 million that enabled him to establish the Quantum Fund. The billionaire made $1.5 billion by shorting the British Pound in 1992. He owns Soros Fund Management, which helps in controlling most of his investments. The hedge fund’s assets are estimated to be worth approximately $30 billion. Its current chief investment officer is Dawn Fitzpatrick, who is recognized for her success on Wall Street and more information click here.
The billionaire has made significant donations towards political courses in the past couple of years. He funded campaigns against President Bush in 2003 and 2004 by giving over $23 million to 527 different groups. The Center for American Progress has also benefited from his charity work. Soros was one of the main sponsors of President Obama’s re-election bid and gave $1 million to the Priorities USA Action in September 2012 to support his campaigns. He was appointed to serve the Ready for Hillary PAC as the co-chairperson of its national finance committee in October 2003. George Soros donated $1 million towards Priorities USA Action in June 2015 to support Hillary Clinton’s campaigns. In 2015 and 2016, he offered the PAC $6 million and $2.5 million respectively. The philanthropist supports ideologies of the Democratic Party and has criticized President Trump for a long time and Twitter.com.
Soros is currently on the list of the world’s richest individuals. The Forbes Magazine ranked him as the 19th wealthiest person in February 2017 with a net worth of about $25.2 billion. He is also known to be the most successful hedge fund manager on the planet. George Soros has managed to participate in various charity undertakings due to his wealth. In the 1970s, the finance guru made his first significant donation by sponsoring blacks in South Africa to pursue their studies at the University of Cape Town despite being oppressed by the apartheid regime. He has also been supporting post-Soviet nations to have peaceful democratization. Soros created the Open Societies Foundation to help disadvantaged people in different parts of the world. The organization has also been sponsoring campaigns to make sure that governments are transparent and just to their people. His charity work has impacted the world and Soros’s lacrosse camp.
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