George Soros is a shrewd businessman and is famously known for his Soros Fund Management. Besides, he also has an influence on American politics and is one of the most active philanthropists in the world.
Though an American citizen, George Soros was born is Hungary and was given the names Gyorgy Swartz, but later changed his names to George Soros when he migrated to England. His career in finance began in London after joining the London School of Economics where he was a student of Karl Popper. Immediately after finishing his undergraduate studies, George Soros moved to New York in 1956 where he began his career in finance. His first employment in New York was as an arbitrage trader on opensocietyfoundations.org for a firm called F.M. Mayer where he worked for three years. He then moved to Wertheim & Co where he worked as a financial analyst. He worked there till 1963. After leaving Wertheim & Co at http://www.politico.com/story/2016/07/george-soros-democratic-convention-226267, he moved to Arnhold and S Bleichroeder where he held the position of vice-president for ten years.
He did not get satisfied working for other people, and that is why he quit employment to start his firm, Soros Fund Management, which has grown to become one of the world’s best and most profitable hedge fund companies. Apart from the Soros Fund Management, George Soros also founded the Open Society Foundation whose objectives are to promote political causes, economics, and social reforms. Other initiatives that the foundation supports are in the area of the rule of law, education, and independent media.
George Soros is also known for his philanthropic gestures. He carried out his first philanthropy activity in 1979, but this was just a small one. It is only five years later that he launched a philanthropic organization. He named the organization Open Society Foundation, a name that he borrowed from a concept that was advanced by Karl Popper. The concept is to help build democracies that are vibrant and tolerant and whose governments could be held responsible to the people they serve. The amount of money that he disseminated for philanthropic causes was not much until in 1987 when he opened his Moscow office when he spent about $3 million. By the year 1992, he had spent more than $300 million. By 1992, he had established several foundations mostly in Eastern Europe and Central Asia. And because of this, many political figures became interested in him. Today, George Soros Open Society Foundation is present in more than 70 countries.
George Soros is an ardent supporter of politics that is progressive and liberal on Forbes. He has given several donations for various political causes, and one of the notable ones is the Democrats support in 2004 elections. He contributed 20 million US dollars to America Coming Together and $3 million to the Center for America Progress.
He has written several books on finance and political issues that include ‘Open Society: Reforming Global Capitalism’ published in 2001 and ‘The Age of Fallibility: Consequences of the War on Terror’ published in 2006.