In 1947, George Soros set out on a refugee journey taking him from the Communist regime in control of his native Hungary who seized control of the country in the days following the end of the Nazi Occupation of Hungary taking place during World War II. Soros is in a unique position as he has lived under various totalitarian regimes and in the U.K. and U.S. at times when he believes they are nations on the verge of failure; in an article for The Atlantic, George Soros believes he has identified a series of similarities between the global conditions of the early years of both the 20th and 21st-centuries. In the article for The Atlantic, Soros explained his reasons for believing the world stands on the brink of a crisis similar to that faced in the build-up to the two World Wars of the 20th-century. Learn more on discoverthenetworks.org about George Soros.
Many of the similarities identified by George Soros have been behind his reasons for becoming involved in the U.S. political scene in 2016, for the first time in over a decade. Politico reports the 2016 U.S. Presidential and local elections both felt the financial muscle of Soros as he made the decision to become one of the main supporters of the campaign for The White House of Hillary Clinton with more than $25 million provided in support for Clinton’s campaign and the PAC’s supporting her. Clinton and Soros have shared a political friendship lasting more than 25 years and reportedly bonded over policy details after the hedge fund billionaire admitted his decision to back President Barrack Obama over Clinton in 2008 was a mistake. Social justice is a major part of the philosophical concept of the open society George Soros uses as his main ideology, an idea that has pushed him towards a new way of showing his political support for Democratic candidates for Prosecutor and District Attorney positions.
The open society is a philosophical ideology George Soros first came into contact with during his days as a student at the London School of Economics; philosopher Karl Popper became a mentor for George Soros and guided him through the open society theory Soros has been using as a guiding principle ever since. George Soros believes the open society allows free movement of people across international borders and sees any nation with a dominant political ideology without rival as a nation that has already begun to fail. The issues in the early years of the 20th-century with the British Empire beginning to fail under the weight of a capitalist ideology is being replicated in the U.S. in the 21st-century, in the view of George Soros. Over the course of the 2016 U.S. Presidential election, George Soros was critical of President Donald Trump as a candidate and has vowed to continue his fight against the Republican during his time in The White House. Read his profile at Forbes.
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.
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.