Mention George Soros and there are a few things that will come to minds about him. He is an American Business tycoon, an investor, a philanthropist, and an author. Though he is synonymous with the United States of America, he is of Jewish-American origin. He holds dual citizenship for US and Hungary.
Childhood and early life
George Soros was to born to Tividar and Erzebat Schwartz in 1930. His father was an attorney by profession on https://www.opensocietyfoundations.org/people/george-soros and has a passion for promoting Esperanto. This is what inspired his father to change the family name to Soros, which a future tense for Esperanto, meaning “will soar.” His father separated them to minimize the chances of them being killed together. In 1947, George Soros on forbes moved to England to live with his uncle. While in England, he joined the London School of Economics where he became a student of the renowned philosopher Karl Popper. It’s Karl Popper’s ideologies and concepts that shaped his philanthropic gestures such as forming the Open Society Foundation. He graduated from the school in 1952.
George Soros started his career in finance after moving to New York in 1956. His first job was as an arbitrage trader for F.M. Mayer where he stayed till 1959. He then moved to Wertheim & Co. where he held the position of a financial analyst till 1963. In the same year, he was appointed the vice president of Arnhold and S Bleichroeder, a position he held till 1963. Though he did not like the job, he stayed for ten years. Because he disliked being employed, he quit in 1963 and together with Jim Rogers on nybooks.com, they founded Quantum Group of Funds, which is a privately owned hedge fund.
One of the accomplishments that George Soros is well-known for is his company that he founded, the Soros Fund Management. The Soros Fund Management has grown to become one of the most profitable hedge fund company in the world. The company is famous for having made a $1 billion U.S profit during the Black Wednesday crisis in the United Kingdom in 1992. Besides founding Soros Fund Management, he also formed the Open Society Institute that was later renamed to Open Society Foundation. The organization is involved with his philanthropic activities in over several countries around the world.
George Soros the philanthropist
George Soros recalls his first philanthropic activity was in 1979 though a small one. It is in 1984 that he seriously started being a philanthropist when he launched the Open Society Institute in Hungary. His philanthropic activities were to support organizations involved in the rule of law, free media, and education. His philanthropic activities are greatly influenced by concepts advanced by Karl Popper.
Apart from a career in finance and being a philanthropist, he also has an influence on American politics and has openly supported the Democrats and financed other political organizations such as the America Coming Together and the Center for America Progress. He is also an author and has published two books namely Open Society: Reforming Global Capitalism and The Age of Fallibility: Consequences of the War on Terror.
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