George Soros is now back in the political game after scaling back from his million dollar spending to defeat President George W. Bush in 2004. He has now reemerged as the leader of Democratic politics and as the formidable opponent of the conservatives.George Soros is not only back in the political game, but he is also now back in the trading business. With the latest report from Wall Street Journal saying that he is now managing his family’s management office, Soros Fund Management, George Soros is showing proof that he’s still relevant both in the social and business realm. It is still the business style of Mr. Soros to continually push for the development of the economy in the United Kingdom after the Brexit happened. According to a report from Politico, George also believes that trust is waning from the investors of China as the capital moves out of the country due to misallocated investment strategies.
George Soros’s Political and Social Philanthropy
George Soros doesn’t stop in all his philanthropic advocacies. Right now he donates more than $25 million for advocacies pushing for the causes that Hilary Clinton has managed to develop. He also shows his support for other advocacies that his fellow Democrats have undertaken. This achievement is not hard to do because George Soros right now has amassed $24.9 billion from different currency trades. George Soros is today’s most popular and biggest philanthropists, with over $12 billion donations given away for individuals and groups that help in the fight for transparency, social justice, accountable government and freedom of expression.
History of George Soros
George’s history says a lot about how he is such an inspiring businessman today. Born in Hungary, Soros fled the country and went to the London School of Economics. He worked as a railway porter to pay for school and even became a waiter first before starting his career in finance. After his initial work at a merchant bank, George moved to New York to get a job at Wall Street and started his hedge fund with a capital of 12 million dollars in 1969.Later in 1992, George partnered with Stan Druckenmiller to invest in British pound stock trades and amassed a great impressive profit from breaking the Bank of England. Decades after that, he retains the reputation of being one of the heavyweights in investment banking through the Soros Fund Management that his family started, which boasted of around $30 billion in assets. This year, Soros is working with Dawn Fitzpatrick to oversee the operations of many portfolios in his father’s fund management firm.A supporter of liberal causes, Soros is a known critic of the presidency of Donald Trump, and over the years, has supported lawyers in the fight against unlawfully held individuals. He is also known for being the man who was able to underwrite the largest action to integrate Europe’s Roma, along with being one of the biggest contributors to making sure that individuals from marginalized sectors get their college education.