Posts in Category: People

The Phenomenal Life of George Soros

History and early Years of George Soros

George Soros was born in Hungary in 1930. His family was no stranger to conflict and controversy since his father had been taken prisoner before and after the World War 1. His business skills are also not new given the fact that his mother came from a Russian family that owned a silk shop. The family name was previously Tivadar but later changed to Soros to mean ‘will soar.’ Maybe a word of optimism that the family will emerge victorious in the end despite the dangers and hardships they had to go through. Read his profile at Business Insider.

Although unknown to some people, George is a great philanthropist who most probably learned to value the needs of other people from his father. His father, during Nazis and impending danger of death for people, made fake documents that allowed people to flee for their life. For the wealthy ones, he charged them so that h would be able to take care of his needs. It is during that difficult times that George learned survival tactics. For instance, while he was only thirteen, he spared his life through pretense and stating that he was the son of the minister of Agriculture of then.

George Soros in business and Investment

While some people may not appreciate the fact that George Soros is an affluent man because of diligence, hard work, and strategy that cannot be stated otherwise. He is a graduate of London School of Business with a bachelor’s degree as well as a master’s degree in Philosophy. Unfortunately, following his graduation, it was difficult for him to secure employment since racism was still rampant and he was forced to work as a traveling salesman. He did not get tired of writing letters applying for better jobs. Fortunately, in 1954 he was able to secure employment in Singer and Friedlander as a clerk because the managing director was a fellow Hungarian as noted by the Politico Magazine. Later he was able to serve in the arbitrage department before moving to New York. It is while in New York that he continued to thrive in the business including the establishment of the Soros Fund Management which would later be changed to Quantum Fund. Learn more on about George Soros.

George Soros Philanthropy

George has a heart for the underprivileged and the poor and that’s why in 2009, he donated $35 million to New York for parents with benefit cards and needy children. Each child aged between 3to 17 was given $200 without a restriction on the number of children who qualified. This motivated the authority in New York that added another $140 million from federal recovery act.