George Soros is an American investor, philanthropist, and author born in 1930. He is among the top 30 richest people globally. George’s net worth as at May in 2017was 25.2 billion U.S Dollars. He holds a bachelor’s degree in Economics from London School of Economics. He also holds a Master’s degree in Philosophy. George began his hedge fund in 1969. Double Eagle became his stepping stone and later provided him with money to start Soros Fund Management in 1970. He later renamed Double Eagle to Quantum Fund. Quantum Funding currently manages assets worth 25 billion U.S Dollars as opposed to 12 million U.S Dollars it managed back in 2011.
Mr. Soros philanthropy
In 2004 George spent $27 million in a bid to defeat President Bush. In 2016 he was back again and was on a spending spree that saw him fund Hillary Clinton and other Democratic candidates. Soros spent 25 million U.S Dollars in this cause. His associates said that he is expected to spend even more before the election date. George and Hillary Clinton have had a relationship for more than 25 years. Their close relationship compelled him to attend Democratic Convention where Clinton was to accept her nomination for the Presidential bid. However, Soros never attended this ceremony as he claimed that he needed to monitor Europe’s economic situation.
In 2015 Mr. George Soros funded Ferguson Protest Movement. The billionaire gave the movement $33 million in one year. He had funded this movement and other groups for years, according to The Washington Times. These funds were to be used to support and coordinate grass-root groups in Ferguson. Kenneth Zimmerman, the director of Open Society, said that they believed that it is important to have U.S citizens get involved in state affairs as it is part of exercising their democratic rights. They also believe that the society becomes more accountable through the use of combined policy. Learn more on Discover the Networks about George Soros.
According to Kenneth Zimmerman, their Open Society Foundation has been funding such groups ever since it was founded. The protest in Ferguson was mobilized through this funding. The grass-roots coalition was coordinated through social media campaigns and other online avenues. These organizations managed to stay live and all over newsfeed through several websites, Twitter, and Facebook.
More about George Soros
Mr. Soros is one of the most famous philanthropists worldwide. He has given a total of $12 billion to support organizations and individuals. Most of the projects he funds are inclined towards freedom fighting, justice, and transparency. Soros is a survivor of the Nazi Occupation that took place from1944 to 1945. His family managed to attain false identity papers. Soros relocated to London from Budapest in 1947 and later moved to the United States in 1956. In 1979 he started his philanthropy work. George’s first philanthropy work involved funding South African Apartheid victims’ scholarships. Visit projectsyndicate.com to know more about George.