George Soros was born in Hungary but had to flee and saw himself through his education at the London School of Economics. He worked as a railway porter as well as a waiter before starting his finance career at a merchant bank. He shifted to New York and got started on Wall Street; afterwards he established his own hedge fund with $12 milllion in 1969. It later rebranded to Quantum Fund. In the year 1992, when he worked with Stan Druckenmiller, he predicted the fall of the British Pound and managed to get a massive profit. This earned him the nickname of “the man who broke the Bank of England.”
Currently, Soros has managed to remain a heavyweight in the world of investments via his Soros Fund Management, which has $30 billion assets. Earlier this year, George Soros hired the services of Dawn Fitzpatrick, one of the most prominent women on Wall Street, as the chief investment officer to manage his investment portfolio at Soros Fund Management. Fitzpatrick is the seventh to hold this position from 2000. Soros is a huge sponsor of liberal causes, and a fierce critic of President Donald Trump.
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About the Rising Again of George Soros
George Soros, a top billionaire investor, who had scaled back on his political giving re-emerged in 2016 as a top funder for the Democratic Party. Mr. Soros had last made a donation of an unprecedented amount of $27 million in 2004 for the defeat of George W. Bush. In 2016, Soros committed or donated over $25 million to boost Hillary Clinton and other Democratic causes and candidates. A number of his associates expected Soros to make further donations as the November 8, 2016 elections date neared.
According to an article on POLITICO, sources close to Soros hinted that he seemed more politically engaged than he had ever been in many years. His high engagement was down to the huge faith he had in Hillary Clinton and the fear he had of the then Republican presidential nominee, Donald J. Trump. Michael Vachon, the political adviser to Soros confirmed that indeed his boss had consistently been making donations to further a number of Democratic causes. However, in 2016 the stakes were higher than before as Vachon confirmed. They were much higher even before the nomination of Trump due to the hostility that was present on the things that Soros cares a lot and had worked hard to support. These included religious tolerance, immigration reform and criminal justice reform.
Read more about George at The New York Times.
After his political donations in 2004, George Soros focused his philanthropic attention to international foundations. He has donated over $13 billion in the last three decades to various non-profits. He donates to those that aim to preserve human rights, increase access to learning and health care in the US and worldwide and outline the autonomous process in Eastern Europe.
Read more about George’s life story at biography.com.