We talk in depth about a self-made billionaire who has endured many obstacles throughout his life but hasn’t stopped for a second on his way to success.
To talk about George Soros is to mention a historical figure in the world of humanitarian aid and philanthropic work. Soros was born in Budapest, Hungary, on August 12, 1930. By the time the Holocaust was at its peak during the Second World War, his Jewish family had managed to emigrate to London where he had studied economics and then moved to New York City where he started having success in the world of finance. His philanthropic endeavors began in 1979, and since then, George Soros has donated over $7 billion through his many Open Society Foundations.
His First Steps in Philanthropy
In the London School of Economics, Soros started studying Karl Popper’s The Open Society and its Enemies, where he clearly learned his whole philosophy of having an open world without borders where all humans can coexist without the need of division or judgment. Soros has always been against totalitarianism, a concept that has always troubled him and made him start numerous initiatives to aid people who suffer due to this concept around the world. For Soros, an exemplary society is one where no ideology possesses the whole truth about the world. An excellent society for George Soros is one where a dialogue between opposed ideas has to exist to reach a general understanding. This concept would go on to fundamentally influence Soros throughout his life; this concept is the main reason why he has always worried about helping out society. Learn more on Discover the Networks about George Soros.
The Road to Success
After graduating in 1952, Soros started working at a Wall Street brokerage firm called F.M. Mayer. He then went on to work for a couple more enterprises in the same building, but in 1973, Soros founded his very own hedge fund which he named the Soros Fund. That enterprise then went on to become the Quantum Fund, and it is now known as the Quantum Fund Endowment which he started with only $12 million from different investors. This fund was incredibly successful in different periods; it has managed to keep Soros as the 21st wealthiest person in the world according to Forbes, with an estimated net worth of $26 billion.
The Open Society Foundations
After starting his philanthropic work in 1979, Soros founded the Open Society Foundations five years later. These foundations have a wide variety of initiatives that work on advancing public health issues, business development, education, justice, and independent media. But the list of humanitarian activities that George Soros’ foundations are involved with is many; the list goes on for hundreds of pages. This Hungarian philanthropist is always involved in aiding areas in the world that have been damaged by natural disasters. He has always worried about helping out in the public education sector in the United States, he is a patron of the arts, and he also lends financial assistance to many university systems in many countries around the world.
You can be sure that as long as he is still alive, George Soros will keep worrying about helping out the world in any way he can.