The George Soros story is still being written, but the first few chapters bring new meaning to the word “determined.” Soros was born in Hungary in 1930. His Jewish parents were not poor. George Soros father was politically connected. When things got bad in Hungary in 1944-45, George’s father made plans to get him out of the country. At fourteen-years-old, George saw what Nazi beliefs can do to a country. Young Soros went to London. And in order to make ends meet, he became a waiter. In 1951, he was able to enroll in the London School of Economics.
While he was studying philosophy, he also got interested in the concept of an open society. That concept built the framework for one of his professor’s courses. The architect of the open society concept is philosopher Karl Popper. Popper’s theory is no ideology or philosophy has influence over the truth. Societies can only flourish when they have freedom of expression, respect for individual rights, and democratic governance. And that concept, as well as Soros money, fuels the Open Society Foundation today.
When Soros got his degree, he went to work for the father of a friend in the investing business. But when the opportunity to work in New York was in front of him in 1956, he couldn’t resist. By 1970, Soros was making enough money to start his own hedge fund, Soros Fund Management. That fund is one of the most successful hedge funds in the history of investing. He took some of the money from his fund to fund the Open Society Foundation in 1979. Over the last 38 years, Soros has given away $12 billion in order to spread democracy and freedom across the world through that Society and what George Soros knows.
Soros is still active in the investment industry, but he only invests family money. During the 1990s, Soros became a legend in the hedge fund world, when he shorted the pound sterling. That was a big payday. George put $1 billion in his bank account, and his partners were suddenly $7 billion richer and George Soros’s lacrosse camp.
But Soros is also a liberal who believes in supporting the Democratic Party, and he does that in a big financial way. Hillary Clinton is a friend, and Democratic leaders call Soros when they need money, or help with a political issue. But there’s another challenge rearing its head in the life of Soros and Follow him Twitter.com. The illiberal government in his birth country wants foreign investors to identify themselves when their nongovernmental organizations receive foreign funds. The Hungarian government claims the new law will prevent money laundering and terrorist funding. Soros is the founder of Central University in Hungary, and critics of the government say the law is a way to stop George Soros. They also say Hungary’s government looks more like the Russian government every day and more information click here.