The CEO of Overstock.com stated that billionaire George Soros just purchased $100 million dollars in stocks from their company. Soros’s huge purchase of in this company was astounding. Soros who is an investor by trade. This is how he made his $30 billion-dollar fortune. More information about Soros’s purchase is available on Coindesk website.
Investing has made Soros one of the top 100 richest people in the world. Soros even gave away $18 billion dollars of his wealth to his Open Society Foundations. However, he is still rich beyond imagination. The fact is when a person has that much money, it is almost impossible for them to lose it all and go broke.
Soros knows money. That is how he made enough money to fund his political ideology. He is a firm believer in open societies. An open society is a culture where people can worship, vote and work without restriction or fear of retaliation. It is also a place where people can live their life without tyranny and problems from the government.
Soros knows that many modern nations have open societies. However, he realizes that even these nations could easily swing too far to the left and restrict live, liberty and rights. This is one of the reasons why Soros supports so many liberal organizations and groups through his Open Society Foundations non-profit network organization. This unit ensures that no society is too far out of balanced.
Do not think that Soros wants a completely liberal society where anything and everything goes. He even realizes that capitalism is not a perfect economic model though it does work. Soros wants to ensure that no government will have so much control in lives of people that they will keep them from living their lives to the fullest.
Soros’s early years in the realm of business has shown him how money and politics are intertwined. It is almost impossible for any politician or political causes to be successful without cash. This is why many grassroots organizations do not go far. If they do not have money to advertise and mobilize their cause; chances are it will never get off the ground.
The same thing is true for politicians. They need money to win electoral races. Without cash they can’t reach the public and they can’t travel around to campaign. Unless a candidate is very rich they will need outside support to win an election. Many liberal groups enjoy working with OSF because they realize that it is an important organization that will help keep them going into the future.
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