George Soros:Private Investor, Hedge Fund Manager And Philanthropist

Private investor, hedge fund manager and philanthropist George Soros is widely celebrated as being among the world’s most successful investors. He has amassed net worth of over $25 billion. This achievement is all the more incredible when you consider that as a teenager he had to flee Nazi-occupied Hungary. By the time he made his way to England, he was broke. He attended the London School of Economics and worked as a waiter, a railway porter as well as a clerk in a souvenir shop to survive. Eventually he worked at a series of merchant banks in entry level positions. Learn more about George at Biography.

The first merchant bank Budapest, Hungary native George Soros worked with was Singer % Friedlander. From that humble beginning, George Soros went on to create and manage Soros Fund Management, found the international philanthropic organization the Open Society Foundations, help ease the transition in Eastern Europe from communism to capitalism relatively peacefully. He has also donated large sums to educational institutions in South Africa, Eastern Europe and other places around the world. He has also donated millions of dollars to a variety of other causes and Democratic races and organizations in the United States.

The financial fortunes of George Soros improved dramatically when he moved to the United States in the 1950s. In 1956 he got a position at F.M. Mayer’s brokerage house in New York. He then moved on to Wertheim and Co. and Arnhold and S. Bleichroeder. While serving as a vice president from 1963 to 1973, at Arnhold and S. Bleichroeder, Soros began to develop and apply to capital markets the General Theory of Reflexivity first articulated by philosopher Karl Popper. In 1969 using his $250,000 and $4 million of investors’ capital he set up his first hedge fund, the Double Eagle.

By 1973 the Double Eagle Fund was worth $12 million and would later have its name changed. George Soros started his second fund, called the Soros Fund, in 1973. It was later renamed the Quantum Fund. On Black Wednesday in September, 1992, George Soros made an investment move that made him internationally famous. He short-sold $10 billion worth of the British pound and made $1 billion in profit. After that he became known as ‘The man who broke the Bank of England. The UK Treasury is said to have lost £3.4 billion in just one day and George Soros became a legend in investment circles. Read this story at Politico about George Soros.

George Soros is a generous philanthropist. In 1984 he set up the Open Society Institute. Through this organization, headquartered in New York, Soros has given billions of dollars to charitable and philanthropic organizations and causes all around the world. He’s also written extensively on finance, stock trading, geopolitics and economics.

Read more: http://www.investopedia.com/university/greatest/georgesoros.asp

Dick DeVos Love For Giving

We all know the saying “a little help goes a long way”, but what about when more than just a little help is given? What is you couple a little help with hope and compassion? People all over the world rely on the help and genuine compassion from others to survive. Homeless rates and poverty levels are on a constant rise in the United States, and communities that were once thriving and full of life and opportunity are now dull and dwindling. Many organizations such as religious, faith and community based establishments often offer assistance in the form of charity to those in need. Unfortunately, due to the increased rate of unemployment and poverty, more and more people are relying heavily one the assistance of such organizations to get by. These assistance agencies provide financial assistance to those in need, as long as the agency has the appropriate funds.

Most, if not all of these organizations are able to assist members of their community due to the financial contributions of other community members. Richard(Dick) DeVos Jr. is a philanthropist and entrepreneur from Michigan. He is the former CEO and President of the Orlando Magic, a title that came when his family acquired the basketball franchise. In 1993 Dick and his wife Betsy became co-chairs of the Education Freedom Fund. One of many philanthropic donations from the DeVos family, this fund provides scholarships for students of low-income families who reside in Michigan. The also couple has their own foundation, The Dick and Betsy DeVos foundation. Each of their four children have followed in their parents footsteps showing an extreme amount of compassion for community members in need. Based on IRS reports, the DeVos’ generosity totaled $94 million dollars in donations. The contributions made by this family are not only appreciated and felt in Michigan, but all around the world. They have landed a spot on the Forbes Top 50 Givers list, and touched hearts around the world. The giving and kind spirit that they have passed on to their children will live for generations. It is because of people like the Dick DeVos family that hope and unity still exist.