This billionaire investor was born in Budapest and is of American nationalized Jewish origin.
George Soros was named many times by the President of the Republic, Nayib Bukele, on his most recent national televised network. He named him, above all, when referring to him as a financier of the main digital newspapers El Faro and Factum, through the Open Society Foundations, the organization that Soros created in 1993.
These newspapers have published in recent weeks about a Bukele’s alleged negotiation with the Salvatrucha gang to obtain electoral support in exchange for prison benefits, investigations that Bukele refutes with statements against George Soros.
But beyond this reference, Soros is recognized worldwide as a major billionaire mogul and political donor, who has donated millions of dollars to the Open Society Foundations, dedicated to funding different goals ranging from racial struggle to transparency and democracy.
Soros was born in Budapest in 1930, he is of Jewish origin and naturalized American. In August she turned 90 years old. He was considered by Forbes magazine in 2015 as one of the richest people in the world, with a capital of more than $ 24.2 billion.
After surviving the Nazi Holocaust and the Soviet occupation of Budapest between 1944 and 1945 in which more than 500,000 Hungarian Jews died, Soros emigrated to England where he studied at the London School of Economics and Political Science. He graduated from Philosophy and was a student of Karl Popper, considered one of the most important philosophers of science of the 20th century.
In 1956 he emigrated to the United States. There he began working with different financial analysts in areas such as arbitration and investments. It was later that he created the hedge funds that became very successful in the United States at that time and for which Soros began to create his fortune. His activities as an investor have been highly criticized.
In 1992, through a maneuver widely criticized and debated by economists, Soros made more than $ 1 billion by shortening the British pound on what is historically known as “Black Wednesday.” That day the Bank of England collapsed and the myth that Soros was the only one to influence that operation, through the Quantum Fund, has persisted for more than 30 years.
According to the OSF website, Soros began his philanthropic activities in 1979, when he awarded scholarships to black people of South African nationality during apartheid. In the 1980s, he contributed to the promotion of the free exchange of ideas in communist Hungary by providing copy machines to reprint forbidden texts. From there it has continued to finance all kinds of efforts for democracy and transparency.
According to OSF figures, in 2019 the Foundation allocated a total of $ 1.08 million of which 27% was directed to projects of democratic practices and human rights, another 20% to governance and economic progress, 13% to equality and the fight against discrimination, another 16% to education, 7% to access to health, 12% to justice and the rule of law and 5% to journalism and information. Since 1984 he has donated $ 32 billion from his personal fortune.
The foundation recently announced that it will invest $ 220 million in support of the battle for racial justice in the United States to fund the activities of various African-American groups in their fight against racism. The funding was approved after waves of protests over the death of George Floyd in Minneapolis, an African-American man who lost his life at the hands of the police in that city in the United States.