In 2017, George Soros, the wealthy founder of Soros Fund Management enlisted the services of Dawn Fitzpatrick in the management of the fund. She joined the entity as the seventh Chief Investment Officer since 2000, but her experience on Wall Street puts her in a good position to ensure the continued success of Soros Fund Management. Currently, Soros Fund Management maintains and manages assets valued at more than $30 billion.
George Soros is a businessman and investor based in New York but is originally from Hungary. He is a vocal supporter of Democratic and liberal causes such as the immigrant rights, democratic societies, religious tolerance, proper education, and adequate healthcare. He has personally experienced being an immigrant after leaving Hungary in 1947 headed to London.
While in London, he studied at the LSE and attained a Master’s degree in Philosophy and paid his tuition fees taking on odd jobs in the city. After graduation, he ventured into the field of finance working for merchant banks specializing in international stock brokerage. He left for the U.S in 1958 and began working as a stock broker on Wall Street. He founded Quantum Fund, previously known as Double Eagle in 1969. Owing to his success on the equity markets and his first fund, George Soros established Soros Fund Management in 1970.
It was while studying at the LSE that he adopted the ideology of “The Open Society and Its Enemies”, by Karl Popper. He believes that an open society is one founded on universal norms that govern human interaction to improve the general quality of life. This concept influenced him to form a nonprofit organization known as the Open Society Foundations. Through this organization, he has dispensed more than $13 billion in charitable causes.
As a resident of Greenwich Village, New York, George Soros was influenced by the stance of Allen Ginsberg, a psychedelic drug expert on drug legalization in the U.S. This position made him adopt a positive view on illegal drugs and he was one of the leaders of the 2000 movement to legalize marijuana. He was also in close to proximity to Michael Harrington, a critic of the discrimination based on class divisions in the U.S. Read his profile at Forbes.
Political and Social Impact
In 2016, George Soros devoted $25 million to the presidential bid of Democrat Hillary Clinton. He has also supported other liberal and Democratic campaigns for notable individuals such as Barack Obama, Joe Biden, and Bill Clinton. He also donates regularly to political action committees including Senate Majority PAC, Immigrant Voters Win, and American Bridge 21st Century.
He played a significant part in the smooth transition of Eastern Europe to capitalism from communism. George Soros did this by funding and facilitating cultural exchanges through the Central European University. This environment fostered ideological discussions among the young people of both Eastern and Western Europe. George Soros views himself as an individual with a divine mandate to contribute to making the world and its institutions much more functional and efficient. Know more on cnbc.com about George Soros.