Long House Studio

George Soros is a Philanthropic Businessman with a Passion for Democracy

George Soros was born in Hungary and he lived there during the Nazi Occupation. During this time people lived in closed societies and that is why he appreciates the freedom that comes with living in an open society. He studied in London after he fled Budapest. After he completed his education, he moved to the United States to start his career and as fate would have it, he became a successful businessman. George Soros has his own hedge fund and is a famous billionaire, mostly because of the millions he has channeled to Democrats and the causes they work towards. George Soros started Open Society Foundation to assist different projects operating in various capacities all over the world. This has been the largest beneficiary of his funds. He has channeled eighteen billion dollars towards this Foundation to date. This money was given to this Foundation over time and its accumulated total is what got it to the second position in the list of United States’ philanthropic organizations.

Over 3 decades ago is when Open Society Foundation was founded. It stands for human rights and democracy in over 120 countries although it has recently been focusing on the United States. George has invested in some programs that protect people from police abuse and the ones that stand for the rights of lesbians and gays. This Foundation also played a great part in contributing towards medical centers that were supporting the Ebola outbreak 3 years ago. Since he is a strong believer in democracy, he promoted peace through funding programs that were working towards peace after the 2016 elections that had created some sort of friction among people. For these acts of peace, he donated 10 million dollars to stop any sort of violence that was happening. During the recent election, he gave a huge chunk of money to the Democratic Party to support them. Hillary Clinton was among his beneficiaries. After the elections, Open Society Foundation, found a new urgent matter to attend to, curbing fraud in voting.

Apart from watching and following politics very closely, George Soros focuses on analyzing the market trends. In the early 1990s, he studied the British Pound very closely before placing a bet against it. From this bet alone, he gained one billion dollars. This made the pound lose value and this is what earned him the recognition of “the man who managed to break the Bank of England”. As he learned the art of analysis and his wealth grew, he started the Open Society Foundation. This was in 1984 in Hungary. The name of this foundation was borrowed from Karl Popper, a philosopher, who stood for respect, freedom of speech and governance that was democratic. Through the years, George Soros continued to channel funds to the Open Society Foundation with the intention of supporting democracy and the rights of humans. Since he has the urge and will to continue standing for what he believes in, he will be channeling another two billion dollars to the same organization in the near future. Soros Fund Management continues to monitor the investments that Open Society Foundation is making in the markets it serves.

Source of the article : http://www.politico.com/story/2016/07/george-soros-democratic-convention-226267