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About the Open Society Foundations

George Soros

Founder and Chairman
Open Society Foundations
George Soros came of age in Hungary at a time when it was a battleground in the decades-long conflict between fascism and communism, the two great totalitarian ideologies of the 20th century. A personal experience of this conflict—including the violence, foreign occupation, anti-Semitism, and other forms of intolerance that went with it—as well as a personal fascination with philosophy shaped Soros’s thinking in later years and influenced his successful strategies in both finance and philanthropy.
Born in Budapest in 1930, Soros survived the Nazi occupation of Hungary during World War II as well as the postwar imposition of Stalinism in his homeland. Soros fled Communist-dominated Hungary in 1947 and made his way to England. Before graduating from the London School of Economics in 1952, Soros studied Karl Popper’s work in the philosophy of science as well as his critique of totalitarianism, The Open Society and Its Enemies, which maintains that no philosophy or ideology has the final word on the truth and that societies can only flourish when they allow for democratic governance, freedom of expression, a diverse range of opinion, and respect for individual rights.
Later, while working as a financial analyst and trader in New York, Soros adapted Popper’s thinking in developing his own application of the social theory of “reflexivity,” a set of ideas that seeks to explain how a feedback mechanism can skew how participants in a market value assets on that market. After concluding that he had more talent for trading than for philosophy, Soros began to apply his ideas on reflexivity to investing, using it to predict, among other things, the emergence of financial bubbles. In 1967, he helped establish an offshore investment fund. In 1973, he set up a private investment firm that eventually evolved into the Quantum Fund, one of the first hedge funds.
Soros’s memories of anti-Semitism in wartime Hungary prompted him, in 1979, to begin providing financial support for black students at the University of Cape Town in apartheid South Africa. In 1984, Soros created an education and culture foundation in Hungary. He later supported dissident movements in Eastern Europe’s other Communist countries, helping people to organize themselves at a time when popular organizations were banned, to voice their opinions when dissonant opinions were considered anti-state propaganda, and to promote tolerance, democratic governance, human rights, and the rule of law when a one-party dictatorship exercised a monopoly on power.
As the East bloc crumbled during the late 1980s and the Soviet empire collapsed in the early 1990s, Soros expanded his funding in an effort to help create open societies in all of the region’s countries. He demonstrated his commitment to critical thinking and democratic political development by establishing Central European University in 1991. In 1993, he founded the Open Society Institute. Over the past three decades, Soros’s philanthropy has spawned a network of foundations dedicated to promoting development of open societies in Africa, Asia, Europe, Latin America, and the United States. To date, Soros has given over $8 billion to support human rights, freedom of expression, and access to public health and education in 70 countries.
Soros's most recent book is The Soros Lectures: At the Central European University (2010). His other books include The Crash of 2008 and What it Means: The New Paradigm for Finance Markets (2009); The Age of Fallibility: Consequences of The War on Terror (2006); The Bubble of American Supremacy (2005); George Soros on Globalization (2002); Open Society: Reforming Global Capitalism (2000); The Crisis of Global Capitalism: Open Society Endangered (1998); Soros on Soros: Staying Ahead of the Curve (1995); Underwriting Democracy (1991); Opening the Soviet System (1990); and The Alchemy of Finance (1987). His essays on politics, society, and economics appear frequently in major periodicals around the world.
George Soros's political activities are wholly separate from the Open Society Foundations. Read an official statement on this subject.
For more information about George Soros's activities that are separate from the Open Society Foundations, visit www.georgesoros.com.
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An Institution Is Not a Home
Tirza Leibowitz
December 3, 2010
The right to live in one's own home community is denied to millions of persons with disabilities who have been segregated in institutions. Senada Halilcevic, a human rights advocate in Croatia, shares her experience of living in an institution and making her way out of it.
more on the Open Society Blog
Live Webcast: Unleashing the Power of Art, Culture, and Media to Transform Black Communities
Harlem Children's Zone, New York City
December 6, 2010
This town hall discussion looks at the role art and culture can play in addressing the negative perceptions of black men and boys in American society.
more events
Related Information
Europe Needs Better Roma Policies
George Soros
November 19, 2010
Widespread discrimination, high unemployment, segregated schools, hate crimes, and inadequate health care are all hallmarks of life for the Roma—not the kind of life you would expect in Europe today.
Soros and His Open Society Foundations Give $1 Million to Victims of Toxic Spill in Hungary
Press Release
October 7, 2010
The grant will be used for reconstruction efforts and to ensure similar catastrophes are avoided.
My Message to Europe: The Plight of the Roma Can No Longer Be Ignored
George Soros
September 22, 2010
The controversy over France's deportations of Roma has drawn public attention to the plight of Europe's largest ethnic minority. The problem demands a comprehensive and effective strategy for Roma inclusion across Europe.
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