How George Soros Uses His Wealth To Make The World A Better Place

When someone has had the good fortune to have created a large amount of wealth there are several choices that stand before them as what to do with that wealth. They can either spend it mostly on themselves and those closest to them or they can decide to dedicate part of their wealth to giving back to those who have very little. When the late musical pioneer Prince passed away it was revealed that he often used his fortune to improve the lives of underprivileged people. While the two men are very different self-made billionaire George Soros is also a wealthy individual who has chosen to use his wealth to be a force for good in a world where the needs of the poorest and most disadvantaged people are often overlooked. George Soros established the Open Society Foundations.

Like many wealthy businessmen George Soros got his start in the world of financial services on Wall Street in New York City. According to Biography.com he arrived there in the 1950s and worked for a company that was known as F.M. Mayer. Years after coming to Wall Street as a young college graduate he would go on to start his own company that was known as the Soros Fund. Through the success of his business ventures Soros was able to create a fortune that is valued today at around $26 billion according to Biography.com.

After he made his fortune he decided to do something extraordinary which was figure out how he could give part of it away to populations and causes that needed it much more than he did. One of his first forays into the world of philanthropy would be giving money to support the education of people in South Africa whose opportunities were restricted by apartheid in the late 1970s. In the 1980s he launched what would become a large and effective philanthropic initiative known as the Open Society Foundations. The Open Society Foundations are focused on supporting and sustaining a wide range of charitable initiatives in countries around the world. The organization has worked on a wide number of initiatives that have included providing assistance to communities that are recovering from damage caused by natural disasters, supporting higher education in Eastern Europe and promoting healthcare initiatives in Eastern European countries.

George Soros has often been an advocate of policies and efforts that would provide expand more freedom and opportunity for people around the world. The causes that he has championed have often included critical issues like education, justice, private sector development, the promotion of a free press and initiatives involving health. His efforts have all been consistent in that they seek to promote the concept of “open societies” where equity and justice are not just privileges that are enjoyed by the few but rights that are accessed by many people no matter who they are. Read more about George’s life story at biography.com.

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