As a businessman, George has mounted a net worth of $25.2 billion which as of 2017 makes him one of the 30 wealthiest people throughout the world. He is thought of by many in the business domain as one of the most-successful investors of the century.
George was born in Budapest in 1930; later immigrating to England in 1947 and enrolled in the London School of Economics and Political Science. That superb education led George toward a business career that would ultimately become extremely lucrative. George first began his business career in hedge funds; investing in numerous assets that were very often complex and required extraordinary risk-management techniques to maintain value. George Soros established the Open Society Foundations.
By 1969, George’s success allowed him to found Soros Fund Management. As a skillful and shrewd businessman, George was able to capitalize on the European Exchange Rate Mechanism within the United Kingdom, when the government underwent a pivotal change in the pound sterling; the world’s oldest form of currency exchange. This strategy proved to be the basis for George’s excellent decision-making for the following decades that not only created him wealth, but also allowed him to increase his philanthropy efforts around the world.
George is very well-known within the philanthropic community for being a supporter of civil liberties, social justices and political causes. George has donated an enormous part of his wealth through his foundation, the Open Society Foundations. Donating more than $11 billion within the last three decades, George has contributed to various philanthropic organizations worldwide.
George was an active participant for helping those within the community following the civil unrest in Ferguson, Missouri. He provided $33 million in funding to civil groups in support of their efforts for resolving both sides of the issue and bringing people together.
For decades, George Soros has supported causes that relate to communities that are disadvantaged, societies that have endured injustices and many causes that have rebuilt communities around the globe. He has answered the call for many of those who are unable to meet their own needs. In 2009, George provided $35 million to the state of New York and all boroughs for the benefit of underprivileged children. The fund was aimed towards building the communities and proving children access to benefits during the same time that the American Recovery and Reinvestment Act was signed into law by then President Obama. Read more about George’s life story at biography.com
Though the years, there have been many significant causes that not only require voices to be heard, but also resources to mount platforms for communal participation to occur. George has been an active participant and supporter of countless solutions by stepping up to assist those in need of financial backing in order to bring worthy society changes.