With the world becoming more economically integrated, there has been a spike in the number of dollar millionaires over the last number of decades. Among the individuals that have emerged as billionaires in that time is George Soros. Despite being among the top 30 billionaires in the world, the Hungarian-born hedge fund is known more for his political and philanthropic engagements than for his wealth. Being a self-made billionaire, Soros understands the difficulties ordinary people face in their daily endeavors to succeed and possible changes that could be made to lighten the burden on them. His strong legacy for empowering the less fortunate and protecting democracy will live on long after he is gone.
Soros’s primary motivation for fighting discrimination stems from the fact that he experienced it first hand during his childhood. A Jew himself, George Soros was born at a time where it was not safe being a Jew – one and a half decades before the Second World War. Hungarian Jews were subjugated by a Nazi-supporting regime, with things turning ugly during the 1944 to 1945 Nazi occupation where up to 500,000 Jews in Hungary alone were killed. Soros and his family were among the fortunate few who survived, but he has carried with him the emotional injuries since. Shortly after the end of the war, he moved to London to study at the London School of Economics. He had to do some menial jobs while at London to survive, including being a waiter at a nightclub and a railway porter and more information click here.
Soros found success soon after joining the finance world. Aged only 40, he was able to launch his own hedge fund, Soros Fund Management. He has since managed to grow the fund’s portfolio from a few million dollars at its founding to well over $25 billion today. It is the wealth generated primarily from this fund that has facilitated Soros’s philanthropic and political engagements.
The hallmark of George Soros’s political engagements has been the Open Society Foundations. These are a collection of organizations and foundations in more than 100 nations spread across the globe. The Open Society Foundations have been at the forefront of the struggle for civil rights and liberties in each of the countries they operate it. Soros founded them to effect his strong belief that healthy societies have to be founded on democracy.
Despite the considerable push-back George Soros has faced from those against democracy, he has consistently managed to push on. For example, as recently as 2017, the government of Hungary introduced a legislation targeted at shutting down the Central European University, a center of freedom that George Soros strongly supports. However, regardless of the opposition, he has faced, Soros has not once wavered and learn more about George.