The great Impact of George Soros’ Charity Work

George Soros is among the United States’ most successful finance professionals. He has invested in the hedge fund industry and owns a successful multi-billion enterprise that is known as Soros Fund Management. The businessman was brought up in a humble background and even had to pay for his tuition fees to complete his education at the London School of Economics. During his time in college, Soros worked at a nightclub and a railway station to raise money to support himself. He later moved to New York to seek for a job in the hedge fund sector and had an opportunity to work for different corporations. A few years later, George had accumulated wealth and established Quantum Fund. He has also ventured in currency speculation, and he made $1.5 billion in 1992. The entrepreneur’s investments are under the Soros Fund Management, which is valued at about $30 billion and what George Soros knows.

Soros has made significant accomplishments as a philanthropist. He has dedicated more than $12 billion to his charity undertakings since the 1970s. The billionaire funded campaigns against the re-election of President Bush in 2004 by donating $23 million about 500 groups. He has also been one of the Center for American Progress’ major benefactors. In 2012, the billionaire supported President Obama’s re-election by donating $1 million to Priorities USA Action and Follow his Twitter.com. The PAC was on the frontline in Barack Obama’s campaigns. George Soros joined the finance committee of Ready for Hillary in 2013. He also gave $7 million to Priorities USA Action in 2015 to facilitate the presidential election bid of Hillary Clinton. In 2016, the billionaire provided an additional $2.5 million to the PAC. Soros has been participating in fundraisers that are organized by the Democratic Party because he agrees with its ideologies and George Soros’s lacrosse camp.

The Forbes Magazine listed George Soros as the 19th wealthiest individual in the United States in February 2017. The success of Soros Fund Management has enabled him to be listed among the most prosperous investors in the hedge fund industry. George Soros has been running charity programs through the Open Societies Foundation for the past four decades. The organization was founded in the 1970s and has been offering donations to support communities that are less privileged across the world. The first most significant contribution that he made was in South Africa when he gave education grants to black youths to join the University of Cape Town. The young people had been discriminated by the apartheid rule and were not able to get an education to improve their lives. The Open Societies Foundation has bettered the lives of thousands of individuals across the globe. The organization’s primary goal is to ensure that the marginalized communities do not suffer from injustices and inequalities and more information click here.

More Visit: https://www.theatlantic.com/magazine/archive/1997/02/the-capitalist-threat/376773/