In the year 1930 in Budapest, Hungary, a man by the name of George Schwartz was born. He was born to a non-observant Jewish family. His mother’s name was Elizabeth and his father’s name was Tivadar. Elizabeth came from a family who owned a silk shop, while his father was a lawyer. Tivadar escaped from Russia during World War I and reunited with his family back in Budapest. Elizabeth and Tivadar married in 1924 and six years later George was born. In 1936 Tivadar changed their last name of “Shwartz” to “Soros” in order to not show their Jewish background. George Soros is known for his brilliant economic and financial insights and investments. However, his generosity and involvement in philanthropy is what he strives to be known for and is most proud of.
George Soros survived the occupation of the Nazi’s during World War II and he fled Hungary in 1947 to go to England. While in England, George became a student at The London School of Economics. He earned a Bachelors Degree in Science and graduated in 1951. After graduation, George worked at a few brokerage firms in New York City. In 1973 on latino.foxnews.com, George decided to set up his own hedge fund named, “The Soros Fund.” The value of the fund grew up to a whopping 12 million dollars in which George had begun to reinvest his returns. Soon, in 1981, the fund had grown to 400 million dollars.
George Soros is highly known for his philanthropic involvement. In 1984 George started the Open Society Foundations. This was a fund that served the purpose to advance business development, independent media, education, justice, and public health. Some of the causes that this fund benefits is aiding regions that are struck with natural disasters, lending the Russian University System financial assistance on http://www.theatlantic.com/magazine/archive/1997/02/the-capitalist-threat/376773/, fighting disease in Eastern Europe, establishing after-school programs in New York City, and funding the arts. George has made it known that his philanthropic involvement has made him happy and that he does not hesitate to advocate policies that may be in conflict with his own business interests. He believes that his financial success allows him to take a stand on controversial issues and to be able to make some sort of a difference. George feels that philanthropy is supposed to be devoted to help and benefit others, even though some philanthropists do not use their power and success to do this. George has a high sense of moral duty and does not use his philanthropic activities for praise or to impose his vision on the rest of the world.
Whether George Soros on politico is beloved or hated, through his countless organizations, George has helped many. He has invested seven billion dollars into his foundations and for projects around the world in the past thirty years. With his vast humanitarian projects, the twelve books he has written, and his worth of 24.9 billion dollars, George Soros is surely an influential figure when it comes to the realm of both the financial world and philanthropy. Visit the site opensocietyfoundations.org to know more about George Soros.