According to Forbes magazine, George Soros is a self-made billionaire with a net worth of $ 25.2 billion. He is 86 years old and has acquired most of his wealth from hedge funds. Soros is married with five children and lives at Katonah, New York. He has degrees in Arts and Science from London School of Economics. In 2016, Soros listed as number 19 among the top 400 richest people and number 10 among the highest-earning hedge fund managers on nytimes.com. Soros life wasn’t always easy, he fled Hungary and put himself through school by working as a railway porter and a waiter. However, he got a job in the finance department at a merchant bank that propelled his career. Later, Soros moved to New York and got a job at Wall Street. In 1996, he established a hedge fund with a capital base of $ 12 million. The company was later, rebranded as Quantum Fund. George Soros is a vocal supporter of refugees. Were it not for America accepting him during the Hungarian Nazi-occupied time; he would not have made it. In September 2016, he pledged to spend $ 500 million on institutions founded by migrants and refugees especially those of European origin. The plight of refugees according to Forbes is personal.
George Soros work in philanthropy began in 1979. According to Discover the Networks, five years later, he founded the first foundation that seeks to build vibrant and tolerant democracies. It also aims to ensure governments stays accountable to its citizens. The Open Society Foundation was launched in his country of birth. After opening the Moscow office, his doors of philanthropy flew wide open, and between 1987 and 1992 on Biography, he spent between $ 3- 300 million per year in donations. He established several foundations in Eastern Europe and Central Asia and consequently, political leaders were at his doorstep. Today, his Foundations remains active in over 70 countries across the globe. In 1993, Soros established the Soros Foundation Network. It went by the name Open Society Institute until 2010 when it rebranded to Open Society Foundation. The foundation extends its philanthropy to many nations but has majored its capital injection into local groups in America.
In America Soros has stood firm in the fight for the election of progressive political leaders on discoverthenetworks.org. He has donated to Catalist Seeks, an institution that helps organizations realize electoral success by building a national voter database that is robust and clean. In 2010, according to Discover the Networks, George Soros donated $ 8,000 to the Progressive Change Campaign Committee that works to elect progressive candidates to the federal office. With the aim of improving and encouraging social change, George Soros funds the Center for Community Change that dedicates itself to finding progressive leaders and prepares them to lead. Additionally, George Soros funds Gamaliel Foundation that educates people on techniques of social change.