George Soros – Political Philanthropist

Billionaire George Soros is a mile apart from his contemporary billionaire philanthropists Bill Gates, Warren Buffett, Mark Zuckerberg and others. They have all contributed huge parts of their wealth for the benefit of the poor and needy out of the goodness of their hearts. Soros made donations to the underprivileged because he relates to them. He actually lived the same humble life when he was young during the holocaust. He knew how it was to be insignificant, without a permanent place to live, and with no education. His donations were more directed towards changing the lives of the people.

Who is George Soros?

George Soros is a billionaire businessman who is currently one of the 30 richest people in the world and one of the top 10 wealthiest in America.

He was born in Hungary of Jewish parents Elizabeth and Tivadar who met in Budapest after World War I. Tivadar was a lawyer and a writer who had been a prisoner of war on Twitter. They brought up George in a Jewish home but they changed their German name Schwartz (black) to Hungarian Soros(successor) because of the rising antisemitism during the time.

George was age 13 during the holocaust. He went into hiding a year later, and moved around from one place to another during the Nazi occupation. He worked for the Hungarian Ministry of Education, and stayed with them until the end of the Battle of Budapest.

At 17, he emigrated to England to study at the London School of Economics. He received a small aid from a religious group and studied under philosopher Karl Popper. While a student, he did various jobs from a railway porter to a waiter to selling goods on the seaside and in souvenir shops. Later, Soros earned a Bachelor of Science in philosophy and an MSc in philosophy in 1954, both from the same school.

George Soros’ financial career started in 1954 with the help of a Hungary-owned company, Singer & Friedlander of London, where he started as a clerk. Later he relocated to New York to become an arbitrage trader. He kept striving until he achieved an unprecedented success.

He became very rich after he profited $1 billion in a short sale during the 1992 currency crisis in the UK.

Political Donations

Since being a billionaire, George Soros has been a major philanthropist for causes that he believes will work for the common good.

Most of his donations are devoted to fostering democracy and good government as well as inspiring nations to be open not only in commerce but to new ideas, thinking and behavior. Soros is an active supporter of political and philanthropic causes and over the years, his contributions have exceeded $10 billion.

$500 Million Investment for Migrants

The news is all over that Soros will invest half a million dollars for migrants. It’s no wonder that Soros would be interested to invest his money to them. After all, he has been a migrant himself, moving from one place to the other, to find a better life.

He is concerned about these people regardless of the reason behind their emigration; they are exposed to the same harshness of reality that he once experienced. His goal is obvious, which is to put these people out of misery and lives of despair.

For George Soros, investing money is nothing if it will help improve the quality of life for everyone, which he so aspires.

George Soros Will Assist Migrants With Over $500 Million In Relief

George Soros is a billionaire investor that is well known for his charity and philanthropic work over the last several decades. George Soros is a dedicated Democrat that has recently promised to donate upwards of $500 million dollars to migrants that are attempting to escape volatile areas where their safety could be at risk. George Soros has always championed a good humanitarian cause and he feels that he should use his extensive resources to do good for the public. He is a proponent of human rights as well as a powerful force for the advancement of people that suffer from substandard living conditions.

The funds will be applied to those people that are fleeing for safety and the host communities that will provide shelter for them in their time of need on CNBC. The U.N. estimated that there was approximately 65 million individuals that were displaced from their homes because of civil unrest and unstable economic conditions.

More than half of those refugees came from Syria, Somalia, and Afghanistan. George Soros can personally relate to the plight of these refugees because he fled Hungary when Hitler’s army invaded the country. He fled to England and settled there until he moved to The United States.

When asked how Soros planned to use the money to help those fleeing from their homelands he insinuated that it would likely be invested in technology. More specifically he stated that communicating with family and friends is one of the biggest challenges for those that have been displaced from their homelands.

Many of his critics feel that he may be investing his money on an unworthy cause, but he knows the plight of the migrants and feels that it is his duty to stand up and take action to do his part. The way in which the promised funds will be spent is still somewhat up in the air but George Soros promises to use the money in such a way that it will help to ease the suffering of those people displaced from their homes. Source: