George Soros; The Most Prominent Humanitarian On Wall Street

George Soros has had a splendid career in the fields of philanthropy and investment. The 87-year-old billionaire is not stopping at anything until he achieves a more unified and democratic global economy. Much of George Soros’ principles and philosophies arise from his personal experiences. Growing up, George Soros experienced firsthand the negative effects of nationalism and war. He grew up knowing that it is to individuals to decide whether they want a better world or not. George Soros’ brilliance in the field of forex trading and financial investment came into play when he wagered a whopping $10 billion on a single speculative bet against the British pound. This gamble made him over $1 billion in a single night and another $2 billion over time. George Soros has made much of fortune through the management of his hedge fund, Soros Management Fund. His illustrious career stretches beyond speculative currency trading and hedge fund management. The billionaire is actively involved in philanthropy on a global scale. Through his organizations the Open Societies Foundations that have a presence in 39 nations across the globe, George Soros has carried out programs that seek to protect the fundamental rights of individuals and deal with issues such as climate change.

According to Forbes, George Soros fled his hometown in Hungary to evade the Nazi Occupation. He settled in England where he acquired knowledge in the field of Economics by joining the London School of Economics. When Soros left London, he moved to the United States and began his career in entrepreneurship. By the year 1979, George Soros had made enough fortune on Wall Street, and he decided to relinquish his position at the hedge fund management company he created. Soros chose to shift his focus to Philanthropy by establishing the Open Society Foundations.

At the moment Soros is actively involved with the American politics. He is on record to have given out significant sums of money to various campaign teams of political candidates in the Democratic Party. During the 2004 general election, George Soros contributed over $24 million towards John Kerry’s bid for the presidency. Soros made a comeback into the mainstream politics in 2016 by funding the campaign team of Hillary Clinton. Other small organizations like Immigrant Voters Win and voter mobilizations groups have also benefited from the businessman’s generosity.

George Soros’ foundations had up to date received over $13 billion and channeled the resources towards the improvement of healthcare and education, human rights protection and promotion of democracy across the globe. Of keen interest to the Open Society Foundations is the mitigation of the effects of global warming and climate change to various sectors of the economy. George Soros believes that his fortune gives him the means to change the ills that plague the society.