Introduction and History
George Soros was born in 1930 in Hungary, and he moved to England to study Economics. At this time, he worked both as a waiter and a railway porter to support his studies. Forbes reports that he started his hedge in Wall Street with an initial capital of $12 million. Through his knowledge in understanding different markets, he has raised the worth of the company from the initial investment to the current worth of $30 billion. Residing in the United States, Soros is currently cited as among the richest people in the world. Forbes reports that George had once shorted the British pound in 1992, and he became famous for this act. He broke the Bank of England. His wealth and knowledge have placed him in a position of political influence and philanthropy.
The philanthropic and social work of Soros
Up to date, George has given about $12 billion for philanthropy. Having been discriminated upon during the Nazi regime, he understands what it means to be a minority. The current groups of people that include the drug users, people with disabilities, families, and groups that cannot support their causes have been his main interest. With the desire to create s better community, he has dedicated his life to making other people’s lives count. A few years back, Soros ensured that most black people who could not get a proper education were given scholarships. He funds the things in which he believes. Supporting orphanage homes, people with disabilities and the less fortunate families are some of his major contributions. Know more about George Soros on CNBC.
Contribution to the American Politics
For a long time, George has always tried to stay away from the political arena. He does not like to involve himself with too much of politics. The latest presidential race became one of his major interests in the history of politics in America. He financed several candidates from the Democrats’ party. He believed in their ideologies, and he has always been a critic of Trump too. There is a connection which he has had with Hillary for the last 25 years. She welcomes him to discuss on different economic matters and how to improve the American economy. With his wealth, he financed her campaigns. There is a particular time when George Soros pumped $25 million after putting other resources in line for the elections. He did not only fund the presidency, but he also financed other positions like the congress and the senate as long as they were from the democrats. Learn more about this article at washingtontimes.com.