George Soros Stature as Prominent Businessman and Financier

George Soros is a prominent Hungarian-American billionaire and a leading philanthropist. An analysis of world billionaires on Forbes magazine reveals.

George Soros is a prominent Hungarian-American billionaire and a leading philanthropist. An analysis of world billionaires on Forbes magazine reveals where it all started. According to Forbes, Soros immigrated from Hungary as a refugee and put himself through school at the London School of Economics by working as a part-time railway porter and waiter. Immediately after receiving his Bachelor of Science and Master of Science in Philosophy, Soros crossed over to New York to follow his dream. He began working on Wall Street before establishing his own hedge fund in 1969 using $12 million. In 1992, Soros had a major break when he shortened the British Pound and made a staggering $1 billion dollar. Visit Project Syndicate to learn more about George.

As of May 2017, Soros net worth was estimated at $25.2 billion dollars. The aggregate net worth of most billionaires on the Forbes list is derived from key industries of technology; finance and investments; fashion and retail; media and entertainment; food and beverage and real estate sectors. After reconstituting his hedge fund to Soros Fund Management, Soros remains an active trader and a vocal proponent of justice, human rights and liberal causes. The SFM continues to oversee assets to the tune of $30 billion. On the philanthropic front, Soros established the Open Society Foundation to support the advancement of justice, education, independent media and public heath, an excerpt on Wikipedia reveals. OFS was established in 1993 and operates branches in close to 40 countries.

George Soros presence in the political scene cannot pass unnoticed. He is a vocal critic of President Donald Trump and one of the biggest funders of the Democratic Party and its candidates. According to an article published on Politico on July 27, 2017 Soros made waves in 2016 by committing over $25 million to support his preferred presidential candidate, Hillary Clinton and other Democratic Party candidates. The last time Soros made such a big statement was in 2004, when he committed a whopping $27 million to support the election of John Kerry as President. The election was ultimately won by President George W. Bush to the chagrin of Democrats. George Soros established the Open Society Foundations.

People close to Soros say his recent political moves are informed by faith in Clinton and fear of the then GOP nominee for President. Other than Hillary Clinton and downstream Democrats, several interest groups and SuperPACs also benefited from Soros’s redial. End Citizen United, which supported Clinton’s candidature received $5,000 from Soros. The organization is focused on pushing through campaign financing reforms. Soros also donated $1.5 million each to Planned Parenthood Votes and Senate Majority PAC, which is committed to supporting more Democratic Party Senate candidates. Another SuperPAC, Immigrant Voters Win received $5 million. The group is at the forefront of encouraging Hispanic voters to turn up the vote in key swing states.

Read more: http://www.forbes.com/profile/george-soros/

This article was written by forvets


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