George Soros is a prominent Hungarian-American hedge funds entrepreneur. People view him differently. One side sees him as a wealthy person who supports and finances causes that are supported by liberals. Those on the far right believe he is the invisible hand in control of the world economy and power. However, there is a lack of evidence to support these claims.
However, there are times he has shown great control. At the start of the 90s, he earned over a billion dollars after betting against the British pound leading to a crisis in the British monetary system. In the late 1990s, he also made huge fortunes during the Asian Financial Crisis. This has resulted in the development of various unfounded conspiracy theories by those in the right wing.
In the 1990s, right-wing theorists developed conspiracy theories when he ranked highly in the hedge fund managers. However, he became more popular in 2004 when he financed groups blocking the reelection of President George W. Bush. This, combined with opposition to Iraq War became a fertile ground for the development of conspiracy theories.
Soros has since then been funding and supporting groups fighting for democratic changes in America and beyond. Many progressive groups have benefited from his financial support. He is an ardent campaigner for migrants and refugees among others.
His contribution to the Democratic Party can be compared to that made by the Charles and David Koch to the Republican Party. Professor Timothy Melley from Miami University says the current development of the conspiracy theory is not from the people but is only aimed at discrediting. Read more about George’s life story at biography.com.
George Soros and the Open Society Foundations
George Soros used his money to start the Open Society Foundation. He has donated over $12 billion in his lifetime making him the biggest donor in the world. He finances individuals and organizations that fight for freedom of speech, transparency, responsible regimes, and groups that support justice and equality.
His support mainly targets those discriminated based on who they are. Some of his beneficiaries are the marginalized groups like the Roma people in Europe among others.
Soros was born in 1930 in his home country, Hungary. As a Jew, he faced discrimination during the Nazi occupation. He left Hungary in at the age of 17 and went to London, where he worked as a railway porter to finance his education. He then moved to America in 1956 and started to work in the financial and investment industry.
Open Society Foundations is represented in the over 100 countries in the world by a network of foundations, associates, and projects. His philanthropic journey started in 1979 when he financed the education of black children in apartheid South Africa. Since then, he has supported many groups such as the Global Witness and the Institute for New Economic Thinking among others. Read his profile at Forbes.