George Soros a philanthropist at Heart

George Soros is the founder and chairman of Open Society Foundation. The organization together with its partners are in more than one hundred countries. Soros is committed to promoting an open society where people’s rights are respected, the truth is upheld, and the government is accountable. Soros philosophy of an open society has seen his Foundation (Open Society Foundation), unlike any other private operated philanthropy.

Soros began his philanthropy years ago after paying for the education of poor black students in apartheid era in South Africa. He also did help undermine communism in Eastern Europe. He provided Xerox machine to copy banned text and also encourage cultural exchange with the West.

After the Berlin wall had fallen George Soros created the Central Europe University to stimulate critical thinking. Soros later expanded his philanthropy to the United States, Africa, and Asia. Open Society Foundation has supported many lawyers and paralegals to help many people that were unlawfully detained by offering them legal representation.

Open Society Foundation has given much access to education and has also paid schools and university fee to many promising students. The group has been significant in helping many refugees and marginalized communities get access to quality education. See: https://www.opensocietyfoundations.org/people/george-soros

Soros has been critical in establishing an international system to bring transparency and accountability in extraction of natural resources. This has been significant in reducing secret payoff and tyrants who have for many years caused political unrest and monstrous violence. George Soros is also a supporter of independent organizations including, the European Council on Foreign Relations, Global Witness, the International Crisis Group, and the Institute for New Economic Thinking.

George Soros founded Soros Fund Management and currently is the chairman of the firm. George Soros’ firm was reported in 2010 to be among the most profitable in hedge fund industry. The firm currently manages Soros funds only, and it is the primary adviser to Quantum Group of Funds. His firm invests in public equity and fixed income markets worldwide, currency, as well as foreign exchange, commodity markets, and private equity and venture capital funds. The company also has a significant investment in energy, retail, transportation, financial, and other industries.

Soros is, however, famous for his massive profit which he made 1992 on a day well known as Black Wednesday. On a single day quantum is reported to have earned $1.8 billion after they had shorted the British pound. Because of the huge profit, Soros is referred to as the man who broke the Bank of England.

Politically Soros has supported numerous causes and in America. Soros is a supporter of the Democratic party. He has for many years funded the party and just recently (2016) donated over $7 million to support Hillary Clinton presidential campaign through Super PACs.

Soros success in the financial market has made it possible for him to be independent and take controversial stands that ordinary people wouldn’t.

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