87-year old George Soros is not your typical billionaire. He is a leader in political donations, charitable work, and social causes. He has used his great wealth to help people all over the world. Born in Budapest, Hungary, Soros learned the value of working hard at an early age. He fled the country to study in London, England and attend the London School of economics. He didn’t have anything handed to him, he had to work a series of part-time jobs to support himself while he was educated. Eventually, he was able to get a job at a merchant bank. That was his first job in finance. However, it certainly wouldn’t be his last. He moved to New York soon after and worked on Wall Street. Before too long, he was starting the Quantum Fund with $12 million, a large sum in 1969. This, along with his success in shorting the British pound in 1992, cemented his name among the elite investors.
Soros has never been shy about using his wealth to help causes that he cares about. For example, he is an accomplished philanthropist. He believes in helping the globe with climate change, voting rights, immigration reform, and better access to healthcare. His international foundations offer him tax advantages and the surplus is used to support various organizations around the globe to the tune of over $13 billion. His family office has over $30 billion in assets and his CIO is a woman. This groundbreaking vision is helping break the glass ceiling, on top of the fact that she is his 7th chief investment officer in under two decades. By properly managing funds, he has managed to have excess capital to put to work for the Clinton campaign, Kerry, and even Obama.
Soros has indeed donated money to a number of left-wing political causes. However, even though he initially supported Obama over Clinton, he is now a supporter of hers. He gave over $25 million to her campaign to help her try to edge out a win against now President Trump. Other such causes he has given to include Immigrant Voters Win, American Bridge 21st Century, Priorities USA Action, and various Super PACs. While some people may call a witch hunt and see Soros as someone who is a “puppet master,” it is clear that his aims are philanthropic and unselfish. He is using his billions for causes that affect people everywhere.