According to the world’s statistics, George Soros is the third largest philanthropist with his donations totaling to over $12 billion. Having experienced injustice firsthand, Mr. George has a passion for charity. The causes George Soros supports through his philanthropy are quite many, however, the common underlying factor with all of them helping people who are discriminated based on who they are. To understand George and his philanthropy works, it is important we go through his life. Here are some of the points worth noting.
George Soros was born in 1930 in Hungary. Having been brought up during the Holocaust of 1944-1945, George was able to have the firsthand account and witness the brutal murder of more than five hundred thousand Hungarian Jews by then government. Luckily, for the Soros’s family, they were able to escape by concealing their identities and also helping others they could. After the end of the revolution, George was able to migrate to London, UK in search of greener pastures. While in London, George enrolled for economics at the London school of Economics, financing his studies by working as a nightclub waiter and railway porter. In addition to studying economics, Mr. George also took an interest in Karl Popper’s book “The Open Society and Its Enemies.” Arguably it is with this background and the brutal experiences that Soros founded his philanthropy. George Soros established the Open Society Foundations.
After graduating from the London school of Economics in 1952, George Soros was involved in some financial investment before sailing to the US to work as a broker in one of the best Wall Street brokerage firm, F.M. Mayer. Soros worked for the company and a number of other enterprises, gaining experience. In 1973, Soros took a life-changing career risk and started his own hedge fund known as the Soros Fund Management with an initial investment of $12 million. Thanks to Soros expertise and industry’s experience the fund was able to able to gain much success in the American history.
George Soros Philanthropy
George Soros began to actively take part in philanthropic activities in 1979. Some of the activities George was involved in included offering scholarship to the apartheid black South Africans, nurturing critical thinking by creating Central European University, and funding cultural exchange program between the West and Europe to help his Soviet nation open up to the world.
1984 saw George Soros launch the Open Society Foundations. To date, George has been using this foundation to reach out to the oppressed and marginalized people in the society. With a network of over 100 countries, the Open Society Foundations has helped champion the freedom of expression, human rights, education, health, politics, and democratic governance among many other causes. Soros philanthropy is not limited to his organization as he has been able to fund and support other like-minded organization and individuals. Know more on Investopedia about George Soros.