George Soros; An Exemplary Philanthropist And A Business Expert

George Soros, a popularly known investor, and a philanthropist is the founder of Open Society Foundation and Soros Fund Management. Born in 1930, Soros has been an icon in business investment. He holds a Master of Science in philosophy and a Bachelor of Science in philosophy from London School of Economics. His charity work ranges from to politics, refugees, and other vulnerable groups. He is known to funding over 527 groups with over $23 million in 2004 presidential election in the US through the Democracy Alliance, a political fundraising organization.

Open Society Foundations under George’s leadership reported $827 million annual expenditures in 2014, which was as a result of $873 million budget in 2013 which ranked the second position in largest patronage budget in the US. The Foundation helps countries make a change from communism and create liberal democracies with governments that are transparent accountable and democratic to its citizens. In 2009, George Gave out $35 million to New York to support underprivileged children not forgetting the Center for American Progress, which he still supports to date through the Open Society Foundations.

He supported the re-election of President Barrack Obama by donating $1 million in 2012 to the super PAC. In 2013, he granted $25,000 to Ready for Hillary, which made him become a co-chairman of the super PAC committee. Later on 2015, Soros donated $1 million to Priorities USA Action, which would support Hillary Clinton for the presidential election in 2016.Apart from the Open Society Foundations; Soros has helped to fund other organizations like the Institute for New Economic Thinking which is based in New York City. The institute for Economic Thinking is a nonprofit research and educational organization. He also founded Central European University (CEU) – a university located in Budapest that offers degrees in business management, social sciences, mathematics, public policy, law and environmental science- by providing US$880 million which saw the university one of the richest in Europe.

Other organizations George Soros funded were the Algebra Project, Human Rights Watch, Media Matters for America, Amnesty International Ireland, American Civil Liberties Union, the Center for Constitutional Rights and the Center for Public Integrity. Forbes ranked George Soros number 29 on the 2017 Billionaires’ list with Soros Fund Management boasting of $30 billion worth assets. He is widely known for risking $10 billion on one currency speculation which generated a profit of $1 billion in a single day in 1992. He will be remembered for his charity work and his business expertise. Read more on CNBC about George Soros.

Sources

https://en.wikipedia.org/wiki/List_of_projects_supported_by_George_Soros

https://www.forbes.com/profile/george-soros/

https://en.wikipedia.org/wiki/George_Soros

https://en.wikipedia.org/wiki/Institute_for_New_Economic_Thinking

https://en.wikipedia.org/wiki/Open_Society_Foundations

https://en.wikipedia.org/wiki/Central_European_University