George Soros, Billionaire Royale
George Soros is the founder of Soros Fund Management LLC. He is regarded as one of the richest men on earth with a net worth of $25.2 B. He was born in Hungary and migrated to the London School of Economics. He put himself through education, working as a waiter and railway potter. After graduation, he joined the London Brokerage firm Singer and Friedlander and specialized in International arbitrage. It’s his relocation to New York wall street that propelled him to riches. He engaged in arbitration, which is basically buying securities in one country and selling them in another.He is very famous in the political scene as a donor.
His debut into politics was in the 2004 elections where he splashed money amounting almost to $27 million in order to defeat the incumbent George Bush. His attempts, however failed and he was forced to retreat into the background. He did not entirely retreat as he was back into the political scene in 2008 where he was a huge financier of the Barrack Obama campaign team. He is termed as a huge supporter of democratic causes and this is evident in his support for the democrats since his initiation into politics. In his 2004 campaign rhetoric he compared the Bush administration to that of the nazis and asserted that defeating him was ¨a matter of life and death¨.
Politics is not the only thing that Soros has a vested interest in. He is widely known as a philanthropist and is willing to contribute large sums of money to causes he believes in. He initially began building the foundations dubbed Open SOciety Foundations whose concept was to help build vibrant and tolerant democracies whose governments are accountable to their citizens. His early contributions were barely significant amounts and these rose exponentially over the years. Currently Soros Open Society Foundations are set up in more than 70 countries all over the world. He even wrote a book on the Open Societies and explained that the aim of his foundations was to advance freedom, democracy, rule of law, human rights and social justice.