George Soros and His Success Story in the Financial Industry

George Soros is a well-known name in the investment industry and has built a massive financial empire that is now being looked after by his children. He has also written about 12 books on many different subjects like the war on terror and capital capitalism based on his experience on the subject. At the age of 85, he was named the 21st richest person in the world in 2015. Apart from being an influential financer and author, he is also a big supporter of liberal social causes. But, his success today stems from humble beginnings as a refugee in the country. Learn more about George at

George Soros is a big supporter of refugees and has donated towards many companies founded by refugees in the country and to those organizations who offer their support to immigrants. One of those steps is his contribution to a super PAC that wishes to mobilize Hispanic voters. Being a refugee himself, he understands the plight and the struggle that the immigrants have to endure to make a living in the country. Among other groups that he has funded, the most notable ones are the American Institute for Social Justice, the New America Foundation, and the Migration Policy Institute. He has also made contributions to the Democratic Party and its members who are working towards a better life for the immigrants in the country.

George Soros himself was a refugee who fled from his country of Nazi-occupied Hungary and came to the United Kingdom to start a new life. He studied at the London School of Economics from where he passed out in 1952 but was not able to secure a job right after as he was a refugee. George worked as a railway porter and also a waiter before you got his first break as a finance executive at a merchant bank. After gaining some experience, he moved to New York where he secured a job on Wall Street at a firm named F.M. Mayer. He then started a hedge fund in 1969 with $12 million which was known as Quantum Fund. Today, he is one of the top most executives in the investment industry while working in his own family run business, Soros Fund Management that has $30 billion in assets. Read his profile at Forbes.

It was in the year 1992 that Soros did something that made him a known name in the financial sector. When the British government devalued the pound sterling, he sold billions of pounds most of which were purchased with money borrowed from others before the devaluation. He then bought back the pounds; repaid the money he borrowed and made a huge profit amounting to $1 billion. While many others profited from this, it was Soros who made the most money.

Magnises Targets the Youths Living in Urban Areas

Magnises was founded for those who experience difficulty in finding products and entertainment spots. It is a platform for the young people who are passionate about trends in fashion, technology, and entertainment. With Magnises, the youths can access a collection of amazing products and services at budget friendly cost. Magnises attributes its success to its founder Billy McFarland, who founded it back in 2010. According to McFarland, the service applies to people between 21 to 35 years. It provides them with recommendations on fashion and tech. Residents of New York City and Washington, D.C. can easily access the service. McFarland is hopeful that at the end of 2017, the service will also be available in all the major cities of the U.S.

Advantages of Being a Magnises’ Member

When signing up for Magnises’ membership, you are required to pay a yearly fee of $250. This fee entitles you to a range of benefits. One of the benefits of being a member is that you get access to the Magnises concierge app. The app allows you to search for daily events and products that you can pay for using Magnises black card. You can also attend private concerts headlined by artists such as Wale and Action Bronson.

McFarland was inspired by how the urban millennials are always up to date with current trends. Therefore, he decided to put his idea of the black card into action. According to him, Magnises has a website that can update you on upcoming events and where they are scheduled to be hosted. McFarland has promised holders of the black card more surprises and additional rewards in 2017.

Magnises’ growth plans

Magnises is a reliable platform for business and brands to present their services and products to a particular demographic. For example, members can get access to swanky hotels and nightclubs for as little as $79 for a night. The company has collaborated with top brands in the U.S. in ensuring that urban youth can benefit from trending products. With a membership base of 6,000, McFarland hopes to expand Magnises’ services to 50 more cities in the world in the next three years.

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