George Soros is the founder of the Open Society Foundations, a charitable organization that is actively involved in initiatives supporting political and social reform, as well as human rights and the promotion of democratic rule. He was exposed to the theme of an open society while pursuing his education at the London School of Economics. This concept came to him through the works of Karl Popper in his book known as “The Open Society and Its Enemies.” In this book, Karl Popper describes an open society as one whose moral ethics and norms are built on widely accepted principles that promote human welfare.
Through the Open Society Foundations, established in 1979, George Soros played a significant role in Eastern Europe’s ideological transition from communism to capitalism. He did this by financially supporting the university system of Russia to facilitate cultural exchanges between Western and Eastern Europe, advocating for the open exchange of opinions, and developing the Central Europe University. This was a dedicated environment that encouraged critical thinking to assist in the understanding of different ideologies.
The foundation also openly collaborates with organizations that champion for the rights of marginalized groups worldwide. The primary objective of working together with like-minded organizations is to fight for accountable, transparent, and democratic governments. George Soros believes that an open society can succeed if they maintain respect for every citizen, and operate in a free and fair manner. The projects that he undertakes are geared towards positively influencing public policy and various humanitarian causes.
Aside from working through the Open Society Foundations, George Soros also operates in partnership with other entities such as the Institute for New Economic Thinking, Global Witness, the European Council on Foreign Relations, and the International Crisis Group. Learn more about his profile at Forbes.com.
About George Soros
George Soros is one of the most significant investments and business professionals in the world, with an approximate net worth of about $26 billion. This has led to him being ranked in the world as the 21st richest individual by Forbes. He is also a very vibrant philanthropist with charitable donations valued at $13 billion. George Soros believes that by excelling in the financial markets, he can help others and to transform the world into a just and equitable place for everyone.
He is a Hungarian national who left his country in 1947 to pursue further education at the LSE. He completed his studies at the LSE, attaining both a Bachelor’s and Master’s degree in Philosophy. After graduation, he worked for several international arbitrage firms in London before moving to the U.S in 1956 to work for F.M Mayer on Wall Street.
While in the U.S, George Soros founded the Soros Fund Management and Double Eagle, currently known as Quantum Fund. His success in managing hedge funds is what encouraged George Soros to venture into philanthropy and take steps that promote the quality of human life.