George Soros’ Donation of 18 Billion Dollars

George Soros is a very famous name in the business world today. He is highly ranked in the business industry as one of the richest and most successful investors in the world. George’s philanthropic nature has also contributed highly to his popularity among the investors throughout the globe. Speaking from a business perspective, George’s entrepreneur and business skills have earned him the highest position in the business world today. George was born in Budapest, Hungary on August 12, 1930. Later on in his life, this Hungarian American migrated to England where he attended school.

Soros was able to graduate from the London School of Economics with a bachelor’s in philosophy. This investor decided to continue his education, and he eventually earned his master’s in philosophy. George did not have it easy as his career cannot be described as one which started off well. Initially, Soros started by working as a banker in England and also in the United States. George used this time to learn all he could about the business world, and when he had acquired enough knowledge, he decided to pursue his dream of having a hedge fund. This was the birth of his first hedge fund, the Double Eagle, in 1969.

Fortunate enough, the fund was able to grow and record significant profits. This motivated George a lot, and he started thinking of opening his second hedge fund. In 1970, George had already made enough profits which enabled him to open his second hedge fund. He decided to name this one after his name, The Soros Fund Management. Just as the first hedge fund, the second one grew significantly and earned George a lot of income. A peak of George’s career was witnessed when he wowed everybody by being able to make profits of 1 billion dollars in one day. This happened in 1992 when the British pound experienced a collapsing and George saw this as an opportunity, and he bet against the sterling pound, and more inf0rmation click here.

George however, does not keep the money he earns for himself. He is a known philanthropist who finds it easy to help the less fortunate. Recently, this outstanding investor broke the headlines by donating 18 billion dollars to his foundation, The Open Society Foundation. Calculations show that this donation was so significant that it made the Open Society Foundation become the second largest foundation in the world. Information from two big media houses, The Wall Street Journal and The New York Times, confirms that Soros accelerated the rate of donations from his hedge fund, and Twitter.com.

The media houses also added that this enormous donation was a representation of George’s estimated worth of 23 billion dollars. George adds on to his philanthropy nature by being a supporter of liberal causes. This was evidently seen when he gave his support to the presidential bid of Hillary Clinton. There was rising tension with the Hungarian government when Soros donated. This, however, did not discourage him as he is a man who stands for what he believes in, and George Soros’s lacrosse camp.

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