George Soros Uses His Wealth to Fight Injustice

George Soros on blogs.wsj is one of the most successful investors and fund managers in history which has made him one of the wealthiest people in the world. Born in Hungary in 1930, George survived the Nazi occupation of his country during WWII and then fled to England in 1947 when the communist came to power. In 1952, he graduated from the London School of Economics and began his career as an investment banker on opensocietyfoundations.org. Then in 1956, he immigrated to the US and continued working as an investment banker for several firms in New York.

In 1973, George Soros founded and managed a hedge fund company that eventually became known as Quantum Fund where the return on investments was over 30% per year for several years. He gave up actively managing Quantum Fund in the late 1980s but that did not stop him from speculating on investments. In 1992, he shorted the British pound in a currency speculation and made a profit of almost $2 billion which earned him the phrase “the man who broke the Bank of England.” All great investors like Warren Buffett, Peter Lynch, and Carl Icahn have an investing style, and George is no different. George Soros’ style is described as being a short-term speculator who looks at economic trends and the behaviors of other investors in order to capitalize on buying and selling opportunities.

George Soros has gained as much notoriety as a philanthropist and political activist as he has as an investor. Since 1979, he has made donations to many socio-political causes around the world through his Open Society Foundation. Through this foundation, George has fought against apartheid in South Africa and communism in Eastern Europe, provided legal help to people who have been falsely accused of crimes by totalitarian governments, and many other activities. He is passionate about fighting against injustice because he was a victim of many injustices having lived through Nazi rule and fleeing Hungary from communism. George has the resources to help people in need and he has put his resources to good use.

Resources:

http://www.forbes.com/profile/george-soros/
http://www.nytimes.com/topic/person/george-soros

Leave a Reply