George Soros in Political Enthusiast and Active Philanthropist

George Soros is a Hungarian-born American investor, businessman, and philanthropist based in New York. Together with his family, George Soros fled to London where he put himself through the LSE working as a waiter and a night railway porter. George graduated from the LSE with a bachelor’s degree and an MBA in Philosophy. He began his career in finance at Singer and Friedlander where he gained experience in international stock arbitrage.

Background

He relocated to New York and began working on Wall Street as a stock broker. George Soros then proceeded to establish his first hedge fund known as Double Eagle which was rebranded to Quantum Fund. His success in currency investments and his first hedge fund led to the establishment of the Soros Management Fund in 1970.

In his philanthropic activities, he has given more than $13 billion in support for liberal causes, human rights, and improving education and healthcare globally. This funding is dispensed through the Open Society Foundations, formed in 1979. George Soros played a significant role in facilitating the peaceful transformation to capitalism from communism in Eastern Europe.

He appointed prominent Wall Street executive Dawn Fitzpatrick as the Chief Investment Officer for the Soros Management Fund in 2017. Today, the fund boasts of more than $30 billion in assets.

George Soros is an adamant supporter of liberal and democratic causes, and this makes him a very open critic of the American president, Donald Trump. In the past, he has financially supported Democratic candidates such as Bill and Hillary Clinton, Joe Biden, Barrack Obama. Learn more about his profile at Forbes.com.

Philanthropic Ventures

In 2004, he spent over $27 million to fund an unsuccessful campaign by John Kerry to oust then president, George W. Bush. The main reason why George Soros supported this campaign was that he was against the war in Iraq, as well as mot being pleased with some of the policies implemented by the Bush administration. This caused him to cut back on his political spending as he concentrated more on his philanthropic activities through the Open Societies Foundation.

Sources close to George Soros claim that his political donations significantly increased during Hillary Clinton’s 2016 presidential campaign because of their long-standing amicable relationship. The leading financier for Democratic politics committed over $25 million in support for Hillary Clinton and her allies. He canceled his visit to attend a Democratic convention where Hillary Clinton was set to accept the Democratic Party’s nomination because he was closely following the state of economic affairs in Europe.

As a consistent political donor, George Soros has been involved with super PACs such as America Votes, Priorities USA Action, Immigrant Voters Win, Senate Majority PAC, and many others.

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