George Soros Impact
George Soros is the founder of Soros Fund Management Company based in New York. Politically, he is a powerful individual here on earth. Soros has reconfigured the political scenes of different countries globally due to his massive influence since the mid 1980s. In particular; Soros has played a vital role in American politics and culture in a more profound way than anybody .His influence stems from the more than $13 billion personal fortune together with the $25 billion worth of assets his firm controls. George Soros has a passionate messianic zeal and views himself as someone whose mandate is to bring transformation around the globe by turning its institutions to become better. In several instances, Soros has fancied himself as an economic reformist, as evidenced in his books such as ‘The Alchemy of Finance’ and ‘Underwriting Democracy’ on Investopedia. During an interview with The Independent, in June 1993, Soros brags about him being a creator of everything.
George Soros was born in 1930 in Budapest Hungary to Tividar and Erzebat Schwartz. In 1947, Soros family relocated to England and enrolled him at the London School of Economics (LSE).After completing his studies from LSE; George Soros secured a job at the London brokerage firm Singer and Friedlander, where he gained experience in international arbitrage. After four years, he moved to New York and worked as a stock trader on Wall Street. Later, He joined the Arnhold and S. Bleichroeder Inc. as a portfolio manager.
Soros began his philanthropic work in 1979 when he launched the first of his many Open Society Foundations at his country of birth. The foundation was meant to help in building a vibrant and tolerant democracy so as to make the government accountable to its citizens. Moreover, Soros opened an office in Moscow so as to disseminate a large amount of money to different causes and groups in 1987. His spending on philanthropy increased from just $3 million to $300 Million from 1987 to 1992 alone. During this period, Soros opened several foundations covering the whole of Central Asia and Eastern Europe. In 1993, a flagship project on Forbes was opened in New York to aid in injecting capital into American groups and causes. Soros’ “Open Society” group of foundations seeks to advance standards for freedom, the rule of law, democracy, social justice, human rights and social responsibility.
Today, Open Society Foundation (OSF)’s net worth is estimated to exceed $1.9 billion on discoverthenetworks.org. Annually, OSF gives out millions of dollars in the form of grants to groups and causes whose objective is to promote worldviews and goals that are in accordance to those of George Soros. According to Forbes, George Soros gave a promise in September 2016 that he will inject $500 million in organizations dealing with migrants and refugees, particularly those residing in Europe. He has a personal history as a refugee having fled Hungary, and that is how he found himself at the London School of Economics.