George Soros is a Hungarian-American businessman born around 1930. He is ranked among the top 30 wealthiest people in the world with net worth of $25.7 billion. Soros has received a lot of credit from different foundations from the US and even abroad for being philanthropic. The New York Times explains the following facts about George Soros
The Philosophy that drives George Soros’ charitable life.
In his early age, George Soros had a great interest in the field of philosophy. He studied his bachelor’s and master’s course in philosophy at London school of economics. He tends to apply Karl Popper’s General Reflexivity Theory to capital markets in his business environment.
The development of George Soros fund management
George Sorrow fund management has undergone many changes since its establishment in 1970 by the founder George Soros. He changed its name to quantum fund after the concepts of quantum mechanics having a value worth $12million. The name of the organization has therefore changed to Open Society Organization.
The philanthropy of George Soros
The renowned manager of the Open Society Foundations has a history that promotes his philanthropic lifestyle. He was born capitalist. He is 1947, moved from Budapest (a communist society at the time) to London and after that to the US (the purely capitalist society). He made a passion for business caused the US government devalue the pound since he gained $1billion bet in his aggressive selling of the currency against the British pound in 1992. In 1984 he established the Open Society Organization to ensure their democracy in the US as well as in other parts of the world and George Soros’s lacrosse camp.
How does George Soros involve himself with social work?
Soros has contributed to the betterment of his society. He can never sit and watch people suffering because he gets motivation from the philosophy of Genera Reflexivity. He has made a lot of donations from his private farm to organizations. In the past years, his annual donation between $800 million and $900 million to the Open Society Foundation. In 2014, his organization single-handedly funded the centers of treatment during the Ebola outbreak. In 2016, he also committed $10 million to help in protecting the people in the US through prevention of hate-related violence. The most outstanding contribution is the $18billion that he transferred from his private account to Open Society Foundation in 2017.
What are the political contributions of George Soros?
As a free citizen of America, Soros has been on the forefront in the struggle for democracy with a close focus on the US. He donated large sums of money to the Democratic politicians including Hillary Clinton in her campaigns, the movement that the Republicans fiercely criticized. The Open Society Foundation has been worried about Trump reign in the US especially after the foundation will have changed its presidency to Patrick Gaspard who is the current Vice President and more information click here.
George Soros has attracted the global attention due to his generous nature as well as fight for democracy in the US. The world’s dominant media houses cannot stop talking about this humanitarian philosopher.