If you are a person who checks out the Forbes list from time to time, then George Soros is a name that you are bound to come across. As of 2016, Soros was ranked 19th in the Forbes 400. His immense wealth is something that he has used to his advantage on nytimes.com. George has played a very significant role in shaping the political terrain of several countries all over the world. In the United States, George Soros arguably influences American culture and politics in a way very few people can. A well-known supporter of refugees, Soros pledged that his firm would invest half a billion dollars in companies started by migrants and refugees, most of whom were arriving in Europe. This statement in September 2016 was not the first of its kind by Soros. In the past, he’s made donations to many organizations that help immigrants in different parts of the world.
George Soros’ affiliation with refugees runs deeper than just being a helping hand. He was born in Budapest, Hungary in 1930. After the Nazi invasion of Budapest in the 1940s, George’s father split up his family to increase their chances of survival. George relocated to England in 1947 where he had to work as a part-time waiter and railway porter while studying at the London School of Economics on Investopedia. Soros would graduate from the LSE in 1952 after which he joined Singer and Friedlander, a brokerage firm in London. Here George became conversant with international arbitrage. George Soros later migrated to New York where he worked as a stock trader on Wall Street.
George’s original plan was to save some money before returning to Europe. However, this changed when he became the portfolio manager at an investment bank on discoverthenetworks.org, Arnhold, and S. Bleichroeder Inc. It is while working at this bank that George’s career grew immensely. In 1969, Soros created the “Double Eagle Fund” for the bank with four million dollars as capital. With the aid of his assistant, Soros set up a private entity which he named the Soros Fund Management. They later renamed the Double Eagle Fund- The Soros fund before eventually settling for The Quantum Fund. By 1985, the fund was worth more than one billion dollars. Today, it is estimated to be worth more than 30 billion dollars.
Soros is known for his philanthropic works under the name Open Society Foundations which are operational in more than 70 countries globally. His organization advocates for democracy, freedom, social justice, the rule of law and human rights universally. George Soros has set out to make the world a better place, and for a man with his wealth and influence, it just might not be out of reach.