Finance and Philanthropy with George Soros

 

The life of George Soros has been full of hard work, giving back, and fighting for just causes. His tremendous efforts began early in his life, as he survived the Nazi occupation of war torn Hungary during World War II. Far from being defined by his early life journey, Soros’ many accomplishments throughout his career have been noteworthy and impactful. In addition to his success in financial management, Soros has extended himself both as a philanthropist and author, reaching well beyond life simply as the head of a fund management company.

After escaping Hungary in 1947, Soros arrived in England to begin his pursuit of financial studies. Attending the London School of Economics, Soros graduated in 1952 and joined an investment bank in London shortly afterwards. After gaining entry-level experience for four years, Soros left England for the United States in 1956. He quickly put his experience to work by taking investment management positions at firms such as F.M. Mayer, Wertheim & Co., and Arnold & S. Bleichroeder.

According to Forbes, his experience allowed Soros to found his own hedge fund company in 1973, calling it Soros Fund Management upon its inception. Evolving into the Quantum Fund Company, Soros’ company flourished under his direction, becoming known for aggressive investing and high returns for nearly two decades. Soros continued his work at Quantum Fund until the late 1980’s, becoming one of the wealthiest people in the world.

Having established such a successful company, Soros turned his attention to philanthropy. Founding Open Society Foundations in 1979, Soros aimed to setup a network of foundations and partners for more than 100 countries which upheld the rights of its citizens. The goal of Open Society was to hold governments accountable all over the world and to prevent the rights of citizens to be taken away or withheld in any way. His first project was to give scholarships to South African students under apartheid, giving them an educational opportunity they would not have had otherwise. Open Society has also supplied legal representation to thousands of individuals who were being unlawfully held.

Soros has also somehow found the time to put his knowledge into print, becoming a best-selling author. He has written fourteen books on many topics, from financial management to philanthropy and open societies. His first book written in 1987 is a classic investment book which highlights investment practices and his views of world order. He has continued to chronicle the world’s ever-changing financial markets, from covering the Soviet System to the financial crash of 2008. His latest release in 2014 is more relevant than ever, speaking on the future of Europe, xenophobia, and how conflict effects the global market.

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