Category: Fund Management

George Soros Will Likely Be Remembered More for His Giving Heart Than His Wealth

It takes a lot of heart to give half of one’s net worth away. George Soros is one of the few who can say he has done so. The American-Hungarian businessman is currently believed to have a wealth of $25 billion that he has primarily made through his Soros Fund Management hedge fund. Over the course of the last three decades, Mr. Soros has given away approximately $12 billion to various political and philanthropic projects – about half his wealth. Consequently, unlike many people of his stature, it is safe to say that George Soros has an abundance of heart.

Business Engagements

George Soros is one of the most successful hedge fund managers today. Despite studying philosophy, he went on to cultivate a strong career in banking that allowed him to acquire the business acumen to form a hedge fund and what George Soros knows. He opened the doors of Soros Fund Management in 1970 with an initial investment of only $12 million. However, owing to a compounded interest rate of 26.3 percent over the last four years, Mr. has been able to grow the fund’s value to over $25 billion. The rate of returns on investments realized by his hedge fund between its formation and 2009 rivals even that of business magnate, Warren Buffet and read full article.

Political Engagements

Unlike many billionaires, George Soros possesses a great passion for politics. This passion stems from his childhood experiences in Hungary of having to face persecution under Nazi and Communist regimes solely due to the fact that he was a Jew. Through political action, George Soros understands that he can prevent other people from being treated unfairly like he and hundreds of thousands of other Hungarian-Jews were treated during the Second World War. To this effect, he has supported dozens of organizations all over the world that are engaged in fights for freedom, democracy, and human rights through the Open Society Foundations. The Open Society is present in over 100 countries and has had some great successes over the years including the integration of Europe’s Roma and advancing the fight for same-sex marriage in the United States and learn more about George Soros.

A testament to the moral man he is, George Soros has not shied away from political issues even where they have threatened his business interests. For instance, in 2016 he was one of those who strongly opposed the election of President Donald Trump who was then a candidate. He differed with President Trump on a raft of issues including on immigration and the treatment of refugees. He did all this with the knowledge that President Trump could win the election and become the most powerful man in the world. And since President Trump won, Mr. Soros has not backed down on the issues he opposed and Follow him

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