In the eyes of many, Betsy DeVos has been a fortunate individual. Not only is she a successful business woman, education reformer, and bureaucrat, but her family also holds a substantial fortune that runs into the billions of dollars. Unlike many in her position, however, she has put a substantial portion of her fortune towards a noble cause – philanthropy. Through her various charitable works, Betsy DeVos has positively influenced the lives of thousands of children all across the country.Betsy DeVos has over the last two decades run the Dick and Betsy DeVos Family Foundation. Founded in 1989 in conjunction with her husband Dick DeVos, the Foundation has been focused on changing communities by focusing on the areas of education, justice, and the arts. Being a staunch Christians themselves, Betsy and Dick DeVos have ensured have ensured that the Foundation has maintained a religious focus in its undertakings.
As a result, over the years, the Foundation has supported a lot of Christian schools and other conservative charity programs all across the country. A testament to the giving nature of the DeVos family, their charity has consistently being classed among the most efficient charities in the country. For example, in the financial year if 2015 alone, the foundation is estimated to have raised a figure of slightly more than $10 million. This brought their total contributions between 1989 and 2015 to a highly respectable figure of $100 million. Additionally, today Betsy DeVos is in one capacity or the other helping an estimated 250,000 children spread across a majority of the country access quality education.
Betsy DeVos has also undertaken a number of charitable acts directly without going through the foundation. Arguably the most significant education from of these direct contributions is that where she gave $22.5 million to the Kennedy Center for Performing Arts seven years ago. Additionally, she has also sponsored an art competition known as ArtPrize for the last eight years. With rewards standing at $500,000, the competition is one of the most attended in the country. In fact, the New York Times has previously named the annual Grand Rapids, Michigan competition as one of the top places to visit in the country.As a result of her many talents and philanthropic nature, Betsy DeVos sits on the boards of a number of organizations and institutions. Currently, she seats on the board of Kids Hope USA. She has also previously served on the board of the Foundation for Excellence in Education.
Timothy D. Armour, chairman and the chief executive officer of Capital Group, had something to say about Warren Buffet.
Warren Buffet bet a million dollars that he could make more money than a group of hedge fund managers by investing in an S&P 500 passive index fund. It now seems as if Mr. Buffet will collect. Mr. Armour has said that an actively managed fund fares worse than passively managed funds. He has a very good, albeit, complicated, reason for this. To put it simply, it seems that actively managing a fund involves too many fees in buying and selling, rather than simply purchasing a fund and let it gather interest. That is an interesting concept, but it remains to be seen as true. Mr. Tim Armour has generally been right about a lot of things, however.
His friends call him Tim. He is Timothy D. Armour, and he is the chairman and the chief executive officer of Capital Group. But that is not all. He is also chairman of Capital Research and Management Company (winch is part of Capital Group).
Mr. Armour has been very much involved in education, having served for fifteen years with the JASON Foundation for Education. He was, in fact, the President of the foundation, which helps those in middle school with attempting to interest them in the sciences and mathematics.
His earlier career includes the fact that he was a senior fundraising official at Harvard Business
Living in Los Angeles, California, Timothy Armour holds a bachelor’s degree in economics.
Without doubt, when George Soros is mentioned, many people, and almost every investor on Bloomberg, recognizes him as one of the greatest investors in the world. He’s often compared to Warren Buffet. There are some differences, though. A major difference is that Buffet is more of a long time investor looking to buy and hold, while Soros is more of a financial speculator.
One of the most famous bets in the history was made by George Soros back in September 1992. At that time, he bet around $10 billion on a fall of a British Pound. When the British government decided to withdraw its currency form the European Exchange Rate Mechanism (into which a currency enters prior to joining Euro), the value of the Pound Sterling plummeted, leaving Soros with a profit of nearly $2 billion.
That wasn’t the only time when George Soros quickly made lots of money by taking advantage of financial crises. His 1997 bet on a collapse of a Thai Baht also paid off. Some even blame him for sparking that year’s Asian currency crisis.
Overall, as a manager of Quantum Funds on georgesoros.com, Soros achieved average annual returns of nearly 30%. With such an investing acumen, this Hungarian-born investor, currently residing in the United States, attained a vast wealth estimated to be around $25 billion.
Financial speculation isn’t the only thing that Soros is known for. As a Jewish boy, he had to grow up in a Nazi-controlled Hungary. This has left a profound impact on him. Soros’ political activism, supported by his vast fortune, is aimed at promoting human rights and government accountability.
At times, mingling of his foundations into the affairs of foreign states resulted in criticism. One of his organizations, Open Society Foundation, has even been banned in Russia.
Meanwhile, his recent comments about accepting millions of migrants from the Middle East and Africa into Europe, all in the middle of a current migrant crisis, have led to an outburst of further criticism, accusing George Soros of attempting to culturally and ethnically change Europe forever.
At 86 years of age, Soros doesn’t pay too much attention to his critics and pursues his liberal agenda with the aid of his billions.
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