Biography of George Soros

Biography of George Soros

George Soros is a billionaire who has succeeded on his own. Known for his investment savvy and broad charitable work.

General information

He was born on August 12, 1930 in Budapest, Hungary. He managed to escape from the Nazis in the mid-1940s. In 1956, he moved to New York, where his financial life began. He began to work as a philanthropist in 1979, and by 2012 his donations through the Open Society Institute organization fund amounted to more than $ 7 billion.

Early years

George Soros was born on August 12, 1930 in Budapest, Hungary. He managed to survive the invasion of Nazi Germany in Hungary in the early 1940s, and in 1947 he left pro-communist Hungary for England. There, at the London School of Economics and Political Science, he meets with Karl Popper’s book The Open Society and Its Enemies, in which the author criticizes totalitarianism and discusses the philosophy of science. The book invested in Soros the idea that no ideology is true and correct, and that societies can only succeed in the case of open and transparent interaction, as well as respect for private rights. These ideas he professes and still.

Soros graduated from the university in 1952. In 1956, he arrived in New York and got a job at the brokerage firm “FM Mayer” on Wall Street. After working for several other companies, in 1973 he creates and becomes at the helm of the hedge fund “Soros Fund”, which was later renamed the “Quantum

Fund Endowment”, with a capital of 12 million US dollars, which investors have allocated. The fund turned out to be successful and as of 2012, at the age of 81, it was on the 22nd line of the richest people in the world with assets worth 20 billion US dollars.

Activities and Disagreements

George Soros began to engage in charity in 1979, and in 1984 he founded the Open Society Institute. The organization supports various initiatives, such as: improving legislation, education, health, business development and independent media.

Cases when Soros foundations can help vary – the list is 500 pages. Such cases include: assistance to regions affected by natural disasters, the organization of post-secondary education programs in New York, the financing of art, the financial support of the Russian educational system, financial assistance for fighting diseases and brain drain from Eastern Europe.

Being an influential person in the world of charity, George Soros remains a controversial figure. Among his controversial positions is support for changing the vector of the US fight against drugs to stop the current growth of criminalization. He was involved and got a good profit from the currency crisis in the UK in 1992, who was nicknamed the “Black Wednesday”. He wrote several books on the possible collapse of financial markets. Some observers accuse him of manipulating markets to achieve his goals. Soros blamed the policies of the US and Israel, which, in his opinion, led to world anti-Semitism.

Ambiguous or respected, with his numerous organizations through which he sets the social tone and deals with many charitable projects, as well as the financial empire and 12 books written on topics from the war on terrorism to global capitalism, George Soros is an influential figure and a giant of the financial sector and sector of charity.

Biography of George Soros