The Legendary George Soros and His Philanthropic Undertakings
Unlike any other philanthropist in the world, George Soros is probably one of the most influential individuals. His reputation is mainly due to the significant contributions he has made to the education and health sectors. The funding is conducted through open societies whose mission is related to the organization’s primary goal. The Jewish philanthropist was born in Budapest, Hungary in 1930. During this time, his country was occupied by the Nazis in their battle for Budapest in the World War II.Having survived the Nazi’s intolerance, which claimed over 500,000 Hungarian-Jews, Soros was motivated to undertake a career as a philanthropist. After moving to England in 1947, Soros enrolled at the London School of Economics where he worked part-time as a nightclub waiter and a railway porter during the day to support his education. In 1956, he got a chance to move to the United States where he ventured into the world of finance. Luckily, by 1970, Soros launched his first hedge fund, which he named Soros Fund Management.
Soros’ hedge fund was one of the most successful investments ever made in the American history. Apart from making a fortune, he was able to gain a reputation all over the world. The billionaire used his fortune to create a foundation network and partnered with over a hundred countries all over the world. These networks created the now famous Open Society Foundation. Soros’ main influence came from Karl Popper’s philosophies and ideologies. These ideologies were argued in one of his books, “Open society and Its Enemies,” where Karl Popper suggests that societies can only be prosperous when freedom of expression and democratic governance is allowed.Soros started his philanthropy works in 1979 by making contributions to the South African community. He helped in the provision of better education. During the 1980’s, he continued his philanthropic work by aiding in the in the promotion of open exchange of ideas in the Hungarian community, supporting independent cultural groups, and offering scholarships.
Additionally, Soros was responsible for the creation of the Central European University, which was used to nature critical thinking. Several years after the cold war, Soros gradually expanded his philanthropy works to other continents including Africa, Latin America, Asia, and the United States.During his mission in the 1980’s, Soros continued to actively show interest in his foundation by traveling around the world to support and advocate for positive changes in different fields. In 2017, it was reported that George Soros had transferred $18 billion to his foundations and partnering groups across the world. This donation significantly boosted his total contribution to a total of $30 billion since the year 1984. It is noted that throughout his philanthropic career, his commitment to fighting some of the world’s most intractable problems has remained constant. Although he is commonly known for his active participation in his open society, Soros is outgoing and enjoys meeting new people. Apart from that, his independence and passion have enabled him to create a world that is more open and equitable to all.