George Soros: Proof that to Whom Much is Given, Much is Expected

George Soros goes by many titles. Those who support him call him a political reformer while the few that oppose him call him the opposite. However, both his supporters and detractors agree that he is a selfless philanthropist. Mr. Soros has been able to accumulate a healthy fortune of approximately $25 billion working as a hedge fund manager for the last five decades. He has then gone on to give about half of this wealth to the less fortunate and disenfranchised all around the world. While there are a few people in the world significantly wealthier than Mr. Soros, only one or two boasts of lifetime charitable donations that surpass Mr. Soros’s.

  1. Soros’s passion for helping others developed during his tumulus childhood. George Soros was born into a loving Hungarian Jewish family a number of years before the commencement of the Second World War. He witnessed first-hand as a pro-Nazi regime persecuted many Hungarian Jews for nothing than being the way they are. Mr. Soros and his family escaped the physical torture on account of his father faking identification documents. However, they could not escape the emotional torture of that era, especially a young mind such as that of Mr. Soros. After the war ended with Mr. Soros having survived through it, he committed never to watch others get punished for who they are. Consequently, once he started making some money two decades later, he was eager to start putting it to good use.

Consequently, in 1979 he founded the Open Society. This organization has since grown to become a large network of regional and national organizations and foundations engaged in fighting for democracy, human rights and a raft of freedoms. Consequently, it is today referred to as the Open Society Foundations. These foundations are located in over 100 countries, with the earliest non-American foundation being located in Mr. Soros’s native land of Hungary. In total, over $900 million is disbursed through the Open Society Foundations every year. While it goes without saying, this money is used to change the lives of millions all around the world positively.

In October 2017, George Soros shocked the world when he announced an $18 billion endowment of the Open Society Foundations. This made the Open Society the second largest privately-owned charitable organization in the world – surpassed only by the Bill and Melinda Gates Foundation, financed by the wealthiest man on earth. With such a significant backing, the foundations will continue spreading Mr. Soros’s vision of helping the helpless in society for decades.Mr. Soros’s significant backing of the Open Society Foundations comes at the right time owing to rising wave of nationalism across Europe and America. This unhealthy trend has led to the continued mistreatment of minorities, refugees, and immigrants. Having been a minority, immigrant, and refugee himself, Mr. Soros empathizes with these people. Consequently, a significant portion of the Open Society Foundation’s efforts has gone towards educating, training, and mentoring members of these vulnerable populations.

ANTHONY PETRELLO’S HARD WORK GETS REWARDED

Bermuda based Narbor Industries Limited is set to acquire Tesco Corp in a deal expected to be closed before the end of the year. Based on the closing price of Nabors shares on August 11, Tesco common stock is valued at $4.62 per share. Each outstanding share of Tesco common stock is expected to be exchanged for 0.68 common shares of Nabor. Once the deal closes, Tesco shareholders will be able to own about 10% of Nabor shares. However, if the deal fails to mature by February next year, Tesco will be forced to pay $8 million to Nabor as per the filing with the US Security Exchange Commission.

Nabor is the owner and operator of the world’s largest land based drilling rig fleet and also provides offshore platform rigs. On the other hand, Tesco designs and manufactures technology based solutions for use in the energy industry. According to Nabor’s CEO Anthony Petrello, the operating synergies are expected to be around $ 20 million within the first year then followed by a full run synergies ranging between $30 million to $ 35 million

Anthony Petrello has a rich education background besides his wealthy experience in leadership which are just some of the qualities setting him a part as a qualified CEO of the leading geothermal and natural gas drilling contractor. He is a graduate of the Harvard University where he earned his Juries Doctor from Harvard School of Law. Also, he earned a BS and MS degree in Mathematics from Yale University. Like many other success stories, Anthony’s is no exception. Being brought up in Newark by parents who were nothing close to wealthy, Anthony understood clearly that good things did not just happen and that there was no shortcut to success. He studied hard every night with the hope of changing the future of his family. His efforts would finally bear fruits and earned him a scholarship to join Yale University. Upon graduation, he worked with various organizations and continued climbing up the ranks for over 30 years to get to his current position.

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