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.

Dick DeVos Shows Hard Work And Commitment Pay Off In The Long Run

I am always looking for inspiration in all aspects of my life, but particularly in my business career where I often look at how other successful people have built their careers. One business leader I have always enjoyed looking at the career of is Dick DeVos, the Michigan based business leader who has turned every company he works with into a success; Dick DeVos made his name with the AmWay Group that has become the company he is most linked to for myself. Dick joined the company in 1974, and reached the Presidency of AmWay in 1993 after he had enjoyed a two year stint as the CEO of the Orlando Magic basketball franchise.

 

The DeVos family have not only been involved in the AmWay group, but almost every member of the family has impressed me with their commitment to building their own companies. For Dick DeVos and his wife Betsy the building of The Windquest group began a number of years ago, but since Dick left the AmWay group in 2002 he has continued his impressive career as an investor for various interests that interest him. I like the way Dick has focused his investing career after AmWay on local businesses in Grand Rapids, Michigan, such as a distillery that is creating waves with local and national customers.

 

Inspiration for myself comes from many different aspects of the life of Dick DeVos, including the philanthropic work that has always been a part of his life that has inspired me. I have enjoyed exploring the many different aspects of the life of Dick DeVos, inclduing the success he has achieved in education reform along with his wife, Betsy. Dick and Betsy DeVos have worked together in many different areas of their career and charity, which include their success in bringing education reform to various states around the U.S. There is much to admire in the philanthropic work of Dick DeVos that has acted as an inspiration for my own willingness to give back to the local community; the loss of high quality aviation options in Michigan led Dick to develop the Regional Air Alliance of West Michigan to maintain an aviation presence in the region.