Posts in Category: Fund Management

George Soros: Early Life and Philanthropy Work

George Soros is one of the most famous philanthropists in the world. To date, George has donated more than $12 billion. Donations from Mr. Soros have helped organizations and individuals fighting for transparency, freedom of expression, accountable governments, and societies that advocate for equality and justice. His contributions have also focused on helping individuals who are discriminated for who they are. George Soros has helped marginalized groups, such as sex workers, LGBTI people, and drug users and read full article.

Early Life

George Soros was born in Hungary. He fled the country to London where he enrolled at the London School of Economics. To fund his studies, George had to work as a waiter and as a railway porter. In 1969, George moved to New York where he established his hedge fund with $12 million. The hedge fund was later rebranded, Quantum Fund and learn more about George Soros.

With help from Stan Druckenmiller, George Soros shorted the British pound in 1992 making an impressive profit. This earned him a lot of reputation in the industry. Decades down the line and George Soros is still an investing heavyweight. His family office, Soros Fund Management boasts of assets close to $30 billion. At the beginning of 2017, Soros hired a prominent Wall Street woman, Dawn Fitzpatrick to run Soros Fund Management as chief investment officer. Since 2000, Soros has hired six other CIOs.

Philanthropy Work

George Soros started his philanthropy work back in 1979. He gave scholarships to unprivileged black people in South Africa. He provided photocopiers to the Communist Eastern Bloc to reprint banned texts in an effort to promote an open exchange of ideas. Soros actively took part in the creation of the Central European University following the fall of the Berlin Wall. He also financed cultural exchanges between West Europe and the East and George Soros’s lacrosse camp.

After the end of the Cold War, George Soros spread out his philanthropic work to the U.S., Asia, and Africa, where he supported various organizations and individuals to create more democratic, transparent, and accountable societies. For many years, Soros has supported lawyers representing unlawfully held individuals. He has also provided fees for promising school children and university students from marginalized groups. Additionally, George Soros has supported independent organizations, including the International Crisis Group, Global Witness, the Institute for New Economic Thinking, and the European Council on Foreign Relations and Follow him Twitter.

More Visit: https://www.nytimes.com/topic/person/george-soros