George Soros; From Managing Hedge Funds To Transferring Majority Of His Wealth To Philanthropy

Recently the revelation that George Soros had transferred a significant portion of his wealth to the Open Society Foundations left the philanthropic world in awe. According to the spokesperson of OSF, Laura Silber, George Soros has committed a cumulative $18 billion to the organization up until last month. The Wall Street Journal was one of the media outlets that were first to break this new news.

George Soros is among the few entrepreneurs whose net worth is high. George works hard to ensure that the world is more cohesive and habitable. By investing in hedge funds and forex trading, George has been able to make a name for himself on Wall Street. Through his company called The George Soros Fund Management George has managed to earn himself and most of his clients a lot of wealth. His prowess in the corporate world is attributed to his background. His childhood played a significant role in molding him into what he has become. Growing up, he discovered that if one directs his efforts towards the good of society then, he or she shall be able to make quite a vast fortune for themselves. When he attained minimum age, George left his home in Hungary in search of an education in Europe. He joined the London School of Economics. There he pursued Economics. During his study period at LSE, he came across a professor who tutored him in the field of philosophy.

Later on, when he left the UK, George went to Wall Street. Wall Street is the financial district of the world. It was there that his career in the field of finance started. In the business world, he became famous for being the man who made $1.5 billion in just a night by speculating currency. Presently George Soros is one of the most respected entrepreneurs on Wall Street. He has under his name assets worth $30 billion that is under the management of his hedge fund company.

Read: http://money.cnn.com/2017/10/17/news/george-soros-18-billion-open-society-foundations/index.html

His businesses aside, George has gained popularity for his humane ways. He has donated funds of up to $12 billion towards charity projects, charity institutions and even to people with the same philanthropic agenda. George is also an enthusiast of politics both locally and internationally. In the United States, George is known to have supported the campaigns of Barrack Obama and Hillary Clinton financially. In 2012 George Soros funded the campaigns of Barrack Obama with more than $1 million. Later on, in 2015, he contributed towards the presidential campaigns of Hillary Clinton. He has ignored harsh critics to see to it that the US benefits from a crop of competent leaders. Read more on nytimes.com.

According to Forbes, An American business magazine, focused on business entrepreneurship, investments, and technology, George Soros has a net worth amounting to $25.7 billion. He is ranked among the top 30 wealthiest persons in the world. We cannot talk about George’s success without mentioning his hedge fund company. The Soros Fund Management has earned him most of his fortune. He uses his wealth and his impact in the business world to facilitate great programs all over the world. His background in philanthropy can be traced back to the 1970s. Read more on Fox News about George Soros.

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