George Soros: Background & Recent Provisions

It was recently reported on Forbes that George Soros’ net worth is $25.2 billion. Forbes also stated George Soros’ background. Soros was born in Hungary. As a young man, he fled the country, and he worked really hard as a waiter and railway porter where he was able to put himself in the London School of Economics. Afterwards, he started working in finance at a merchant bank, and then he moved to New York later on where he started with Wall Street by establishing a hedge fund worth $12 million in 1969. The fund was rebranded as the Quantum Fund later on. In 1992, Soros made such as great profit while working with Stan Druckenmiller that he became well regarded as the man who broke the Bank of England. And since then, Soros continues to be the investing giant though his family office called Soros Fund Management which has $30 billion in assets. And in this year, he hired a prominent woman in Wall Street, Dawn Fitzpatrick, to be the chief investment officer for Soros Fund Management. Read more on BigThink about George Soros.

With Soros being a longtime supporter in liberal causes, he has been a really hard critic of President Donald Trump. His opposition against President Donald Trump became well-known in 2016 as illustrated in Politico when George Soros gave over $25 million to support Hillary Clinton and other Democrats and their causes. Before that time, he wasn’t investing as much for a while. The last time he has done a large investment like that is when he gave $27 million to defeat President George Bush in 2004.

The following amounts were reported up to July 2016 when this report came forward concerning Soros’ donations:

  • $7 million to Priorities USA Action, a super PAC supporting Clinton
  • $2 million to an opposing research super PAC targeting Trump and other Republican candidates, and it is called American Bridge 21st Century.
  • $700,000 to a variety of PAC campaigns and Democratic Party committees
  • $5 million to Immigrant Voters Win, a super PAC devoted to increasing low-propensity Hispanic voters’ turnout in key swing states, even though FEC has shown that he only donated $3 million by the end of June
  • $5 million to the Voting Rights Trust, a nonprofit devoted to fight conservative efforts in restricting voting
  • $2 million to America Votes according to Vachon, and this is a voter mobilization group
  • $1 million or more to various state based voter mobilizaton
  • $1.5 million each, according to Vachon, to Planned Parenthood Votes, a super PAC for candidates supporting abortion rights, a super PAC boosting candidates for the Democratic Senate, and to the Senate Majority PAC
  • $5,000 was also donated to End Citizens United which is the maximum legal amount. This organization is focus on pushing campaign finance reforms, and he donated to Every Voice.

Learn more about his profile at Forbes.com.

Anthony Petrello: Extraordinary Success and Compassion

As far back as the 1990-1991 recession, Nabors Industries Ltd., a large oil and gas drilling contractor, performed well with the company earning tens of millions of dollars during a time when many businesses posted substantial losses. It was on October 1st, 1991 that Nabors wisely hired Anthony Petrello as its Deputy Chairman, President, and COO. Petrello’s previous position had been as Managing Partner of the New York office of the law firm, Baker and McKenzie until he resigned in 1991 to attend to his duties at Nabors. Petrello brought with him a stellar resume of experience and a J.D. from Harvard Law school, including bachelors and masters degrees in mathematics from Yale University.

The year 1992 saw continued earnings growth that nearly doubled the earnings from the previous year, and their stock value jumped significantly, earning a listing on the S&P MidCap 400 Index. Throughout the rest of the 1990s, Nabors’ stock doubled, with another 50% increase that followed shortly after that.

Nabors continues today as a thriving business, with Mr. Petrello as Chairman, President, and COO until 2011, and named President and CEO that same year. Since 2012, he has served as Chairman of the Board and Chairman of the Executive Committee of the Board. Mr. Petrello’s illustrious career exemplifies executive leadership and vision, the kind necessary to navigate a bustling company such as Nabors Industries, Ltd. through some of the most tumultuous worldwide economic conditions in recent memory.

Mr. Petrello’s extraordinary professional achievements were not without adversity. Mr. Petrello and wife, Cynthia, gave birth to a beautiful daughter, Carena. Carena, born at 24 weeks with chronically impaired motor skills, challenged the new family in a most dramatic way. The Petrello family committed themselves to caring for her, their very own miracle. Carena is a source of inspiration for Anthony and Cynthia and committed to donating a total of $7 million to the initiative to bring attention to much-needed research into childhood neurological conditions to which they are devoted to finding answers.

Fortunately for Carena, and other children like her, the Patrellos have the resources to make substantial donations to aid in the research to find a cure for PVL, or periventricular leukomalacia (PVL), a common neurological disease in premature infants. In fact, on the Texas Children’s Hospital’s website, the Petrellos are listed as one of several leading givers to the Jan and Dan Duncan Neurological Research Institute (NRI) at the Texas Children’s Hospital. Thanks to the commitment and devotion of the Petrellos and others like them, the NRI can begin to realize their mission to find a cure for PVL and other devastating neurological disorders. Their spirit of giving and their compassion for others demonstrates that when enough people get involved, miracles can, and do, happen.

Related: Scared Heart Alum Anthony Petrello Receives Public Service Award