Monthly Archives: July 2017

George Soros’ Contribution to Political Changes in America

George Soros is a successful hedge fund manager who has made his fortune through brilliant investment decisions. The 85-year-old New Yorker billionaire has been considered as one of the most politically powerful people in the world. He has been associated with toppling several regimes from power around the world. He has also taken center stage in shaping and influencing the American politics and culture.

He has been a financial bankroller of the Democrats and the famous one being when he spent $27 million in 2004 in a bid to try and defeat President George W. Bush. However, the project wasn’t a success, and he scaled back on his political donations until recently.

George Soros was a huge supporter of Hillary Clinton, and he even committed over $25 million to support her campaign. Sources close to him also stated that Mr. Soros was more politically engaged due to his faith in Clinton and fear of Donald Trump, who he accused of instilling fear in Americans and indirectly helping ISIS. Read his profile at Forbes.

Soros made his fortune, which is estimated to be around $25 billion from risky currency exchange. His firm, Soros Fund Management is responsible for over $30 billion of client asset management.

Soros has time and time again talked about his underlying ambition of changing the way the world works. In his two books; The Alchemy of Finance and Underwriting Democracy, he stresses that he has always had childhood fantasies of changing the world. He mentioned that he has always harbored an “exaggerated view of self-importance” and saw himself as some type of god and even an economic reformer.

George Soros ambition of wanting to change the way the system works has never left him. He has used his fortune to try and influence the societies as he mentioned in an interview with The Independent that he realized at a young age that it is money and not people that make things go round.

George Soros has been a philanthropist since 1979. In 1984, he launched Open Society Foundation, the first of many aimed at building vibrant and “tolerable” democracies. He has opened over 70 Open Society Foundations around the world that are meant to promote freedom, human rights, the rule of law, social responsibility, democracy, and social justice as a universal idea.

George Soros has never shied away from donating to noble causes. He has given out hundreds of millions of dollars to different charities. Know more on businessinsider.com about George Soros.

Sources:

http://www.politico.com/story/2016/07/george-soros-democratic-convention-226267

Dick and Betsy DeVos, The Exemplary Givers

Dick and Betsy DeVos have over the years attracted a lot of public attention based on their noble giving. Most people complain about the couple’s political giving acts, forgetting that the couple gives more in charity organizations than in politics. Most of the critics assume that Dick and Betsy DeVos give to bribe, forgetting charitable donations have no political influence.

Dick and Betsy DeVos borrowed their giving acts from their parents, who were also highly influential in the political realm. Case in point, Rich DeVos, Dick’s dad, entered the Forbes list of highest givers in 2015 when his donations totaled to $104 million. Additionally, even in previous years, Rich gave for political and charity reasons, as shown in the national history records. In a similar manner, Edgar, Betsy’s dad was a famous giver in Holland as he was an influential industrialist. Therefore, one concludes giving is in Dicks and Betsy’s genes and cannot be muted.

Dick and Betsy DeVos do not give haphazardly. Instead, they are focused towards making changes in institutions and systems, which they do not like. The couple specifically focuses on improving the education sector. In an interview conducted by the BBC, Dick stated that they noticed a loophole in the American education system that denied some kids the achievement of the American dream. Dick said that the children who came from the wrong zip codes ended up missing opportunities because of the poor education system. Consequently, the couple gives to Vouchers and Charter schools so that the institutions can address the issues that are ignored in the public schools. In so doing, Dick and Betsy DeVos assume that the public schools will borrow a leaf from these schools and also transform. Statistics show that the couple gave more than $3 million to education related courses and added an additional $357, 000 to education reform groups.

Albeit the family has always given, Betsy’s nomination in a political position raised more scrutiny to the family’s giving. Their assets were reviewed and they await a hearing in the near future concerning their assets. However, the couple has come up strongly defending their giving as more charitable than political.

Dick DeVos makes changes

Dick has great leadership qualities as he easily influences people to follow in his direction. As a result, he has severally been referred to as a change leader. An example of his high influence was felt when he took over the family business Army Corp as CEO in 1993. It was immediately after his assumption of office that he formed the Action Group of business leaders. The group gave life to the society as it helped in the construction of many institutions such as Michigan State University, the DeVos Place Convention Center and Van Andel Arena.

 

 

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