George Soros is a staunch supporter of refugee and immigration rights. In 2006, Soros announced that his organization would dedicate $500 million to fund institutions that support refugees and migrants. Furthermore, George Soros is known for his charitable contributions towards the Hispanic community living in the United States. He once donated $3 million to PAC, an institution that encourages Hispanic people to vote. Soros spent part of his professional life in the UK when he was enrolled in the London School of Economics to study finance. Before his financial career, he worked as a waiter and railway porter.
George Soros’s professional career became successful once he relocated to New York. In the city, he used to work for a Wall Street-based company. Using the experience he got from the company, Soros founded his first hedge fund worth $12 million in 1969. The hedge fund’s name changed to Quantum Fund for marketing purposes on discoverthenetworks.org. Soros continued investing in the hedge fund sector through Soros Fund Management.
Soros made his riches from investments through the Soros Fund Management. He believes that he has the power to transform the world into a better place. His views are mirrored by the charitable contributions he has made throughout his professional career. George Soros launched a subsidiary to Soros Fund Management in 1993 known as the Open Society Foundations. With its headquarters in New York, the institution was later renamed to Open Society Institute. The organization’s philanthropic endeavors focus on funding charity organizations in the U.S. and other parts of the world.
George Soros is popular for his political involvements in the U.S. In 1980, Soros helped several countries in strengthening their political landscapes on Forbes. Soros played a fundamental role in establishing regimes that reined in power for years. After relocated from the UK to the U.S., he was influential in the American culture and politics arena. The influence was triggered by his advocacy for refugee and migrant rights. He has always been involved in movements that advocate for rights of the Hispanic community on nytimes.com.
Soros Fund Management’s Affiliation with the European Union
Besides his investments, Soros also analyzes emerging trends in the hedge fund industry. In 1990, he gained critical acclaim after betting on the stability of the pound when the Bank of England focused on the Euro. He amassed more than $1 billion from the bet. As a financial advocate, Soros supports the European Union. His Soros Fund Management has invested in the European market. According to Bundesanzieger, a German regulatory body, the company has over 7 million in shares. Soros personally invested $19 million in Barrick Gold that is worth $400 million based on a report released by the Securities Exchange Commission. He also invested $1.05 million in SPDR Gold Trust that is worth $125 million.