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| George Soros. (Associated Press) ** FILE ** |
VietPress USA (Mar. 10, 2018): Document from
his Open Society Foundation stated that "George Soros is one of the
world’s foremost philanthropists. He has given away more than $32 billion of
his personal fortune to fund the Open Society Foundations’ work around the
world. He is also the founder and primary funder of the Central European University
in Budapest, a leading regional center for the study of the social sciences.
Under his leadership, the
Open Society Foundations have supported individuals and organizations across
the globe fighting for freedom of expression, accountable government, and
societies that promote justice and equality. The foundations have also provided
school and university fees for thousands of promising students who would
otherwise have been excluded from opportunities because of their identity or
where they live.
This giving has often focused
on those who face discrimination purely for who they are. He has supported
groups representing Europe’s Roma people, and others pushed to the margins of
mainstream society, such as drug users, sex workers, and LGBTI people.
Soros has experienced such
intolerance firsthand. Born in Hungary in 1930, he lived through the Nazi
occupation of 1944–1945, which resulted in the murder of over 500,000 Hungarian
Jews. His own Jewish family survived by securing false identity papers, concealing
their backgrounds, and helping others do the same. Soros later recalled that
“instead of submitting to our fate, we resisted an evil force that was much
stronger than we were—yet we prevailed. Not only did we survive, but we managed
to help others.” (
According to Wikipedia, George Soros, Hon FBA, born György Schwartz;
August 12, 1930, is a Hungarian-American
investor, business magnate, philanthropist,
political activist and
author. Soros is one of the world's most successful investors. As of
February 2018, Soros had a net worth of
$8 billion, after donating $18 billion to his philanthropic agency, Open Society Foundations.
Born
in Budapest,
he survived Nazi Germany-occupied Hungary and emigrated to
England in 1947. He attended the London School of Economics graduating
with a bachelor's and eventually a master's in
philosophy. He began his business career by taking various jobs at merchant banks in
England and then the United States, before starting his first hedge fund,
Double Eagle, in 1969. Profits from his first fund furnished the seed money to
start Soros Fund Management, his second hedge fund,
in 1970. Double Eagle was renamed the Quantum Fund and
was the principal firm Soros advised. At its founding, the Quantum Fund had $12
million in assets under management, and as of 2011 it
had $25 billion, the majority of his overall net worth. He is known as
"The Man Who Broke the Bank of England"
because of his short sale of US$10
billion worth of Pound sterling,
making him a profit of $1 billion during the 1992 Black Wednesday
UK currency crisis.
His
early studies of philosophy led him to develop and apply Karl Popper's General Theory of Reflexivity to capital markets,
which he claims renders him a clear picture of asset bubbles and fundamental/market value
of securities, as well as value discrepancies used for shorting and swapping stocks.
He
is a well-known supporter of American progressive and American liberal political
causes and dispenses his donations through his foundation, the Open Society Foundations. Between
1979 and 2011, Soros donated more than $11 billion to various
philanthropic causes; by 2017, his donations "on civil initiatives to
reduce poverty and increase transparency, and on scholarships and universities
around the world" totaled $12 billion. He influenced the collapse of
communism in Eastern Europe in the late 1980s and early 1990s, and
provided one of Europe's largest higher education endowments to
the Central European University in his
Hungarian hometown. His extensive funding of political causes has made him
a "bugaboo of European nationalists.
Read the news from The Washington Times today on George Soros, at:
https://www.washingtontimes.com/news/2018/mar/10/george-soros-liberal-megadonor-bankrolling-fusion-/?utm_source=onesignal&utm_campaign=pushnotify&utm_medium=pushVietPress USA News
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George Soros, liberal megadonor, is bankrolling Fusion GPS, claims Russian billionaire
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