The rise of George Soros to the apex of financial greatness from very modest beginnings sounds like something drawn out of the Seven Wonders of the World. An audacious figure whose resilience in accomplishing a goal is legendary, this modern day Goliath of tremendous achievements both in the nonprofit arena, and the financial world has very few equals amongst people of his caliber. Born and brought up in Hungary, he emigrated to the West in search of learning opportunity, and fortune. He was rewarded with both – starting out as a railway porter and waiter, he made his way to the London School of Economics from where his star began to rise.
His desire to succeed got a boost in a merchant bank that first employed him. This drew him into the technicalities of financial investment, and he started trading in currencies. He had a keen mind that quickly assimilated the fundamental issues in forex trading, and sooner that one might expect, he was acknowledged as an insightful trader. With only a little investment, George Soros moved to New York where his real venture in the cut-throat trading of Wall Street took root. In 1969, he had already amassed 12 million, and not daring to look back; he started a hedge fund. He was not disappointed in this initial investment which was later to be named the Quantum Fund. His instinctive knowledge in making the right moves at the right time made him speculate on the British Pound. He made an enormous financial profit in the venture that earned him the nickname “the man who broke the British Bank.” From this point henceforth, his success knew no limits. He became a champion in the management of hedge funds. Read more at The New York Times about George.
With the help of a highly skilled expert in financial matters known as David Fitzpatrick, Soros has accumulated a fortune more than 30 billion dollars. Fitzpatrick manages the amorphous financial empire for the billionaire. His interests are not limited to the world of finance alone because he is also a sharp political operative. At one time in the past, 2004, he tried but narrowly missed unseating President Bush. After that, he recoiled from the public domain back into the investment circles. However, being a man who abhors defeat in any form, he has re-emerged as a heavy-weight supporter of ethical principles of democracy.
He presently contributes billions to charities, nonprofits, and movements that spearhead liberal policies in politics. George Soros is particularly eager to institute reform policies for immigration rules; foster tolerance in religion, and reinvigorate the awareness of Hispanics and other minority groups in politics through a nonprofit called the Voting Rights Trust. He is a staunch supporter of the rights to abortion. He regularly donates millions of dollars to organizations that champion human rights, quality education and fast rate health care. He passionately hopes to redefine the process of democracy in Eastern Europe. Visit cnbc.com to know more about George Soros.
Article sourced from Forbes Magazine and Politico: