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A Look At George Soros’s Philanthropy

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Forbes and New York Times reported in October 2017 that George Soros has been making installments over the past few years on an $18 billion donation to the Open Society Foundations. George Soros was born in 1930 in Budapest, Hungary. His father, a lawyer, insisted George be educated from a young age, overseeing much of the education himself. In 1947 the Soros family moved from Hungary to London, England. George Soros Enrolled in the London School of Economics and graduated from there with his bachelor’s degree.

He became a traveling salesman after graduating, unable to find work at a bank until 1954 when he was hired by Singer and Friedlander, a merchant bake based out of London. In 1956 Soros was hired by F.M. Mayer in New York City. He moved to New York and worked for F.M. Mayer as a specialist in trading European stocks. In 1959 Soros moved to another company, Wertheim & Co., this time working as an analyst of European Securities. 4 years later, Soros became the vice president of Arnhold and S. Bleichroeder. It was at this company that Soros founded the Double Eagle hedge fund and Soros Fund Management. Soros left Arnhold and S. Bleichroeder in 1973 and became the full-time chairman of Soros Fund Management.

Soros has long been a supporter of democracy and peace movements around the globe. He financially backed dissident groups operating behind the Iron Curtain and funded apartheid era students attending the University of Cape Town. Through his Open Society Foundations, Soros funds efforts throughout Central and Eastern Europe to end communism and peacefully install democratic governments. PBS estimated in 2003 that Soros had given a total of $4 billion to these efforts.

In 2009 Soros donated $35 million to New York with the stipulation that the money be used for underprivileged families and children. The state of New York added an additional $140 million, money it had received in 2009 from the Federal Recovery Act. Soros was one of the initial donors to Center for American Progress, an organization that is supported to this day through the Open Society Foundations.

In 2007 an article in Time Magazine applauded the philanthropic efforts of George Soros, especially his investment of $100 million into the construction of an internet infrastructure for Russian universities and his Millennium Promise which is an effort to educate and provide medical care to people in poor regions of Africa. George Soros’s generous $18 billion donations will be used to continually fund these efforts and efforts like them.

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George Soros Iconic Deeds

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As a business leader and philanthropist, George Soros has committed much funds towards promoting democracy in the US. He is a billionaire who has the welfare of the people at heart and thus promoting their lifestyle through his several civil organizations. It should be noted that he has donated over 8.5 billion dollars towards the organization in the last two decades. He has been at the forefront of condemning the injustices that are initiated towards the marginalized communities by the federal government. He recently donated 10 million dollars to facilitate the cases of marginalized communities’ nationwide hate speech remarks. The funds are expected to fund the marginalized people in prosecuting the hate mongers and read full article.

As it has been his desire to achieve an all equal system nationwide where all citizens have equal rights and can access basic needs, his civil organizations continue to support the poor and ensure that they access proper housing and food. His iconic deeds are evident in many slums nationwide where he has aided in lifting the living standards of the residents there and learn more about George Sorso.

It should be noted that George Soros is one of the successful businessmen and author. He is a great investor and has used his investment skills to expand his hedge funds and businesses greatly. He currently holds an investment portfolio of more than twenty billion dollars. George Soros believes in hard work and having a team of experts in your business. His businesses have continued to grow yielding Soros Fund Management. The expertise of the teams that Soros work hand in hand with portrays the success of the business. George Soros invests in his team to ensure that they have the required skills and mindset of entrepreneurs. He believes that success of any business depends on the policies made by the executive management. It is in this regard that he invests in providing vocational training to his top employees regularly and thus yield a result oriented business and George Soros’s lacrosse camp.

George Soros has been seen as a successful political leader who has severally associated himself with the political coalitions that promote democracy and aim to protect the rights of the civilians. He is the pioneer of the Open Society Foundation that has severally donated great sums of money to some political coalitions. He believes that great leaders should selflessly invest in aiding to grow the country by making contributions to leadership that has policies that have the social welfare as their basis of policy formulation. Notably, as a business leader and philanthropist, George Soros has committed much funds towards promoting democracy in the US. George Soros has proven great skills that are diverse from the world of business investment, to the field of politics, also to the field of publications as an author and Follow him