George Soros is a New York hedge fund manager and one of the most influentially powerful individuals in the world of politics. He has used his influence since the 1980s to help change the landscapes of politics in numerous countries throughout the world. Soros has definitely affected American politics and culture.
He is the owner of a $13 billion personal fortune that he uses to drive his influence. His fortune is increased by the $25 billion in investor assets that are controlled by Soros Fund Management, George Soros’ firm on Politico. He views himself as a sort of missionary that is meant to change the world, and he will use his fortunate to help him do it.
George Soros was born in Budapest in 1930. His father was an attorney and the family were non-practicing Jews. When Nazis came to occupy Budapest in 1944, Soros’ father split the family up, creating fake identities and papers for each member of the family and pay off officials. He placed each family member in different households.
After the war in 1947, George and his family moved from Hungary to England, where he would attend the London School of Economics. It was there that he would gather most of his philosophical and political views, under the influence of his mentor Karl Popper. After graduating in 1952, George Soros took work with Singer and Friedlander, a London brokerage firm. Becoming proficient in international arbitrage, he relocated to New York to become a trader on Wall Street.
At first, Soros planned on saving $500,000 and returning to Europe. Plans quickly changed with his success and he found himself working at Arnhold and S. Bleichroeder as a portfolio manager on Forbes. George Soros officially became a U.S. citizen in 1961. It was soon after that he became involved in American politics, writing a book about his “war on poverty”, The Other America.
In 1979, George Soros began dabbling in philanthropy; wanting to use his money to influence his philosophical convictions. Soros began founding Open Society Foundations to help create tolerant democracies that were held accountable by their citizens. Within a few years, George Soros’ philanthropic spending went from $3 million per year to over $300 million per year. His foundations are now active in over 70 countries all over the world.
George Soros has long been a supporter of human rights, backing organizations like the ACLU and HRW. His foundation has given the ACLU as much as $8 million within ten years in grants. Within eight years, Soros’ Open Society Foundation donated $6 million to the Human Rights Watch, with a promise of $100 million more. According to Discover The Networks, his foundation’s total value today is at almost $2 billion. His foundation hopes to address political and social injustices all over the world.