George Soros is a self-proclaimed philanthropist billionaire known for his investment savvy. Soros was born in Budapest, Hungary, August 12, 1930. Soros later on migrated to London in 1940 after the communist rule in Hungary. Soros career was natured at London school of economics where he attained a degree in economics. He began his famous philanthropic efforts and by the year 2012 he had progressed to up to $7 billion in open society foundations. George is rated the 19th richest person in the world. His net worth is about $25 billion dollars excluding assets. His enormous wealth is as a result of businesses and companies he runs across the world.
As a major Democratic donor, he committed more than $25 million to Hillary Clinton. George vowed to unseat George W. Bush and spent big in Hillary to make sure he was no longer in power. From an article in the Washington Times, the big-time investor in politics seeks to retain control of the white house and gain a majority in the Senate position. George withdrew from politics for a while to focus on his business but he later emerged when Hillary Clinton was running for president. Soros reappearance was a big concern to aspirants such as Trump. Visit Project Syndicate to learn more about George.
George Soros Rises Again
Soros re-emerged on a higher tone to support Hillary Clinton by donating over $25million to boost her campaigns. As if it wasn’t enough, he promised to donate even more and fund more upcoming candidates. Those closest to him said he appeared to be more politically engaged than before. He appeared to be more psyched up due to the combination of the faith he had in Clinton and the urge to overcome his rival Donald Trump. Soros. Other donors such as Tom Steyer, the New York hedge funder and Media Moguls Haim Fred Eychaner. Soros and his counterparts induced a bigger force behind Clinton’s compared to Trump. News from an article in the Politico magazine points out that, their group had the richest benefactors and donors than any other aspirants.
In the month of June alone, Soros had donated over $7 million supporting committee in Clinton’s team. There were rumors he was planning on adding more funding to the group, thus making Hillary the biggest recipient of his donations in his political experience. George Soros efforts did not end after funding almost 70% of the donations, he continued supporting even more political aspirants until Trump surprisingly won the elections. Nevertheless, his loss did not affect him and his efforts towards his political influence. Soros is still an active member in politics and will perhaps support another member viewing to unsit trump in the next elections. Read more about George’s life story at biography.com
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George Soros, a multi-billionaire investor, likes to give advice about foreign policy. In a recent article posted by The New York Review of Books, Soros talks about Ukraine. First, he states that sanctions against Russia for invading Ukraine are a necessary evil. According to him, Russia already suffers from decline in oil prices, and sanctions bite even more.
In addition to sanctions, the Western countries should provide aid to Ukraine. Financial assistance would stabilize Ukrainian economy. The country already had a weak economy, even prior to Russian mingling in eastern Ukraine that has led to a war in that part of the country.
George Soros Ukraine also states that helping Ukraine defend itself from the aggression would help the European Union countries, as that effectively would increase their own security from Russian assertiveness. Such countries as Estonia, Latvia, and Lithuania have sizeable Russian minorities, just like eastern Ukraine does. This could lead to Russian sponsorship of separatist movements and potential new wars.
A New Policy to Rescue Ukraine
As a successful investor, Soros understands the economy well. He believes that Ukraine would be able to repay financial aid once its economy stabilized. He thinks the current problems are only temporary.
What has happened in Ukraine is of historic proportions, Soros writes. And “the European Union is confronted by a resurgent Russia that has turned from strategic partner into strategic rival,” according to him.
In addition to financial aid, the European Union should also provide technical assistance, so Ukraine can reform itself. And the reforms need to be radical, he states.
George Soros Ukraine made billions as a financial markets speculator. With his vast wealth, this 86-years-old financier likes to support liberal causes, and is among those who support millions of migrants flowing into Europe. Soros himself was born in Hungary to a Jewish family, and then got educated in Britain.
As a young man he moved to the United States and founded his hedge fund. Over the decades, he has proven to be among the top investors in the world.
Learn more about George Soros Ukraine:
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George Soros, the hedge fund billionaire and open society advocate on bloomberg.com, has been stirring the economic pot lately. In Sri Lanka, Soros told an economic forum that China was in more economic trouble than they are admitting. In Davos Switzerland Soros said the same thing, according to an article published by Bloomberg.com. Soros told both forums that the hard economic times that the Chinese will experience was practically unavoidable. Soros said he was not expecting that to happen; he is watching it happen.
The slowdown in China has been going on for the last three years on politico.com, but when $16 trillion was wiped off global equities market in June 2015, there was little doubt that a global recession was brewing that would rival the 2008 meltdown.
It’s hard not the listen to Soros. His track record speaks for itself. He has made more than $22 billion betting on situations that are similar to the Chinese dilemma. In 1992, he made $1.2 billion when he shorted the pound sterling, and it was devalued by 20 percent. Mr. George Soros hedge fund Soros Fund Management is considered one of the most successful hedge funds in the world. The Hungarian-born octogenarian is a force to be reckoned when it comes investing, social causes and political campaigning. Soros has spent more than $6 billion trying to bring open societies to countries that disrespect human rights.
The Soros Open Society Institute helps millions of people, and the former Nazi refugee spends most of his time and a lot of money trying to bring democracy to nations that have no understanding of that concept. But George is also committed to increasing the awareness that the world is tumbling into another economic meltdown, and it could be worse than the subprime mortgage debacle that started nine years ago.
China is the main issue this time, but crashing oil prices, the refugee crisis, Middle Eastern wars and the possible collapse of the European Union are all playing a role in the new global recession, according to an article published about Soros by CNBC.com. Not all economists agree with Mr. Soros, however. Some economists say China is going through a manageable transition, and there is a certain degree of volatility, but that volatility is normal given the nature of economic principles. Most of the economists that take that position are Chinese.
China is still forecasting more than 6.5 percent GDP product growth in 2016, and that will continue every year for the next five years, but according to Soros, that forecast is not accurate. China’s economy may grow by less than 3.5 percent in 2016, according to Soros and other economists, and that is considered a recession even though China doesn’t admit it.