George Soros is the founder of Soros Fund Management LLC. He was born in 1930 in Hungary but fled to London. George is 87 years old and married with five children. George Soros worked as a railway porter and a waiter to put himself through the London School of Economics before starting his career in finance at a merchant bank. Later, George moved to New York where he was able to establish his hedge fund in 1969 with a capital of approximately $12 million. He later changed the hedge fund to Quantum Fund.
George made an impressive return that made him be quoted as the person who broke the Bank of England in 1992 after shorting the British pound. He has since remained an investment heavyweight mainly through the Soros Fund Management that is worth about $30 billion in assets. Lately, George hired Dawn Fitzpatrick, a successful career woman in the Wall Streets, to manage Soros Fund Management as the Chief Investment Officer (CIO). George has hired several CIO since 2000 ranking Dawn Fitzpatrick as the seventh officer. It is estimated that George has a net worth of 25.2 Billion US dollars in the year 2017.
George Soros has emerged to be among the world’s humanitarians. As a philanthropist, Soros has given out approximately $12 billion by now. The funds are aimed at supporting people and organizations worldwide to promote justice and equality by fighting for the freedom of expression, responsible government, and transparency of societies through the Open Societies Foundations. George mostly focused his giving on individuals who faced discrimination based on whom they were. Open Societies Foundations protected and supported groups like drugs users, sex workers, and LGBTI individuals. The history of George’s philanthropy is based on his firsthand experience of discrimination. Having grown up in Hungary through the Nazi occupation, which resulted in a massacre of over 500,000 people, George, and his family had to conceal their identity to survive. Soros and his family were, however, able to resist the Nazi occupation force that was far much stronger than them.
Open Society Foundations has partners, networks, and projects in over 100 countries in the world. George created the foundation under the influence of Karl Popper’s ideology that notes that societies only flourish when they have respect for individual human rights, democratic governance, and freedom of expression. However, George has since extended his philanthropy after the end of the cold war to the United States, Asia, and Africa with the primary objective of creating communities that are more democratic, transparent, and accountable. Soros has also been in the frontline fighting against the way drugs were being abolished. He insisted that the war caused more harm than the drugs themselves.