Browsed by
Category: Philanthropy

The Career and Philanthropy of George Soros

The Career and Philanthropy of George Soros

According to Forbes, George Soros is worth $26.2 billion. He made his fortune as the Founder of Soros Fund Management, LLC. Soros was born in Hungary and his family fled the country due to the events of World War II and political unrest in the country. He attended the London School of Economics and then eventually immigrated to the United States. He settled in New York and, with $12 million, founded his company as a hedge fund in 1969.

As an investor, George Soros had an amazing amount of success. His biggest success came in 1992 when he and Stan Druckenmiller shorted the British Pound. He made so much money from this currency trade that he was credited as being the one who broke the Bank of England. Soros still continues to lead his company, including the recent hiring of Dawn Fitzpatrick as the new Chief Investment Officer. Visit Project Syndicate to learn more about George.

George Soros has been a longtime progressive, liberal, and supporter of Democratic candidates. He operates the Open Society Foundation where he seeks to keep the United States as an open society. He also resists Russian influence in Eastern Europe by funding political groups that seek to become and/or maintain being open societies with Western influence rather than being controlled by the authoritarian Russian government of Vladimir Putin.

George Soros is also a prominent critic of Donald Trump and his authoritarian style. He recently met with Democratic leaders including Nancy Pelosi, Elizabeth Warren, and Keith Ellison in order to develop a plan to fight the closed society policies of President Donald Trump. This meeting was the first major one held after the surprising and disturbing win Trump had in the presidential election. The plans that they developed were to not just combat Trump and the Republicans during the first 100 days of his administration but to also develop early plans for the upcoming 2018 and 2020 national elections. Learn more about his profile at Forbes.com.

This meeting took place against a backdrop where many Democrats are completely rethinking how they approach politics and voters. The group that George Soros is part of; the Democracy Alliance built its 2016 campaign around Hillary Clinton and her policies. They also thought they could win by mobilizing women and minorities while essentially ignoring working-class and poor white people. Many Democrats believe this strategy backfired and was the reason why Donald Trump won the election. The new plans being developed include how to reach working-class white people and address their main concerns, while continuing to appeal to women and minorities as well.

George Soros created the Democracy Alliance in 2004 along with now-deceased Peter Lewis and other wealthy donors. The group is planning on spending more than ever in order to defeat the plans of President Trump.

Learn more: http://www.biography.com/people/george-soros-20926527