George Soros, Pushing Philanthropy across Boarders

In a discussion of the top 30 wealthiest people in the world, George Soros is bound to one of the names that feature on the list. He is an author, philanthropist, and investor. George grew up in Budapest, but in 1947, he moved to England. George attained a bachelor in Economics degree from the London school of economics. He later on pursed and achieved masters in philosophy. Job hunting after graduation did not go well for George. After searching for a job for some time, George found a job as a traveling salesman. In 1969, George created double eagle, which was a hedge fund. It was later renamed to Quantum fund. Soros started another firm in 1970 and named it Soros Fund Management. Before starting hedge funds, George worked in banks in both England and the United States.

 

George founded Open Society Foundations, which he uses to channel funds for his political causes. The inspiration for the name of the foundation came from Karl Poppers’ book Open society and its enemies. A $1 billion bet against the British pound propelled George to fame and riches. He devalued the pound by aggressively selling the currency. Soros made a profit of $1 Billion from the above venture, and https://www.georgesoros.com/.

 

George Soros gave his Open Society Foundation a donation of $18 Billion, which is recorded as the most significant transfer of wealth made by a private donor. The contribution was made silently over the years. The foundation is one of the most considerable philanthropy organizations in the United States second to the Bill and Melinda Gates Foundation. Open Society Foundation impacts more than 120 countries by promoting human rights and democracy. The fund spends around $900 Million per year in grants and programs. Some of the activities the fund has undertaken include protecting the rights of gays and lesbians, funding treatment centers for Ebola, reducing police abuse, and hate incidents. Republicans criticize Soros for funding Hilary Clinton and other democratic politicians. He was in the front line in the fight to oust President George Bush in the election period of 2003-2004. George Bush was re-elected; hence, George Soros moved on to funding Democracy Alliance, a political group that engages in reformist causes and stronger infrastructure in the United States of America, and George Soros’s lacrosse camp.

 

George Soros has tackled reforming drug policy. In Massachusettes, George provided $400,000 to aid in making possession of fewer than 28 grams of marijuana legal. Such initiative has also been carried out in other states like California, Washington, Alaska, Colorado, and Oregon among others. Drug Policy Alliance prides itself in having George as its chief financer in its efforts to legalize cannabis. It receives around $4 Million annually from one of George’s foundations. Soros has been involved in philanthropy for a long time. He funded black student’s university education during apartheid. George also aided post-Soviet states in their efforts for democracy. Soros donated $100 million to regional Russian universities to facilitate internet installation. He also gave $50 million to fight poverty in Africa. George Soros will forever be mentioned in social and political debates for his massive contributions, and follow his Twitter.