George Soros was born on August 12, 1930 in Budapest. He is an investor and philanthropist whose net worth is valued at $25 billion. He graduated with a bachelor’s in philosophy from London School of Economics and also holds a master’s degree in the same field.
He began his career working in various positions at merchant banks. In 1969, George Soros started his own Double Eagle which later changed to Quantum Fund -a hedge fund. With his first company he made enough profits that he used to start another hedge fund in 1970 known as Soros Fund Management. From $12 million worth of assets under its management in 1969, Quantum Fund on discoverthenetworks.org grew to $25 billion in 2011. His knowledge in philosophy made him develop philosophical principles to capital markets making him a step ahead in predicting asset bubbles, fundamental value of securities and value discrepancies used for shorting and swapping stocks.
Soros has an incredible back-story, as a teenager Jewish refugee he escaped persecution by the Nazis when he was 13 years old. This was after Jewish children were barred from attending school by the Nazis made to account to the Jewish Council. While studying, he worked as a railway porter and as a waiter. Due to his hard work, George Soros is now a philanthropist working for the good of refugees and a liberal world order. He has also earned himself comparisons with investors like great Warren Buffett.
Soros donated at least $25 million in support of Hillary Clinton and Democratic candidates on Politico. He invested in risky currency trades and gave more and more as the Election Day approached. Soros and Clinton have had a close relationship of over 20 years. Soros was actively involved in last year’s US elections more than he’s been in years to support his close friend in fear of Donald Trump. This was true according to his adviser who said that Soros giving in last year’s elections was exceptionally high on Biography, not just because he is in to support his friend but also because of the hostility on the opposition side toward several issues that matter to Soros cares including immigration reforms, criminal justice reforms and religious tolerance.
The billionaire scaled back his to political giving after an unprecedented giving in 2004 to defeat President George W. Bush worth $27million. By the beginning of last year’s half, he had donated $7 million, with a pledge of more to a group in support of Hillary. George Soros committed $5 million to another group devoted to increasing turnout among low-propensity Hispanic voters, another $5 million to a nonprofit committed to fighting conservative efforts to restrict voting, a whooping $2 million America Votes and another $1 million to a handful of state-based voter mobilization groups.
After the 2016 November election, Soros said that President-elect incoming administration is a threat to democracy. Soros also said that while the U.S. would put a stop to Trumps true authoritarian, his presidency would still set back the cause of freedom worldwide. Soros further added that Trump will calm down dictators from other countries, not considering American principles all for his administration’s accomplishment.