1973, Egypt and Syria invaded Israel on a large scale, and Israel was defeated because of its backward weapons. From this war, Soros believes that American weapons and equipment may also be outdated, and the US Department of Defense may spend huge sums of money to re-equip the army with new weapons. So Soros Fund began to invest in stocks of companies with large orders from the Ministry of National Defense, and these investments brought huge profits to Soros Fund.
The largest investor in the world, in partnership with "commodity king" jim rogers, established the "Quantum Fund", earning more than 2 billion dollars, and was called "the man who defeated the Bank of England". Soros's personal income reached $680 million, ranking first in the top ten income lists of Wall Street from 65438 to 0992.
Soros, who believes in the investment concept of "the law of the jungle", founded the first eagle fund, the predecessor of quantum fund, from 1968 to 1992, where he made a profit of $2 billion by attacking the pound, 1993 became the top 100 richest people on Wall Street, and 1997 attacked the Thai baht to set off the Asian financial storm. Soros has been an active philanthropist since 1970' s, when he sponsored black students to study at the University of Cape Town in South Africa under the apartheid policy and also provided financial assistance to the centrifugal elements behind the Iron Curtain. Soros's charitable funds mostly exist in the name of the Central and Eastern European Social Development Research Organization (OSI) and Soros National Fund, and sometimes in the name of other funds, such as the Polish "Stefan Bathori Foundation".
After World War II, when Soros graduated from the London School of Economics, he was determined to become a philanthropist. Since 1970s, Soros has gradually become an active philanthropist, and he has sponsored black South African students under the apartheid policy to study at the University of Cape Town.
Since 1984, he has established 35 kinds of funds in more than 20 countries. The main purpose of this fund is to subsidize students and provide opportunities for studying abroad, so as to change the outdated concepts of backward countries, implement peaceful evolution and make the market more open.
Before Bill Gates and Warren Buffett began to donate, Soros's donation amount was the first in many years. In an article published by Soros, he said that in the past 30 years, he has donated more than 8 billion dollars to promote democracy, cultivate freedom of speech, improve education and eliminate poverty around the world.
In 2000 alone, Soros's Bosnia and Herzegovina Aid Fund invested nearly 500 million US dollars in the fields of education, health and social development in Bosnia and Herzegovina, and donated 250 million US dollars for the reconstruction of Bosnia and Herzegovina.
According to the estimation of American public television network, by 2003, he had donated a total of $4 billion.
In August 2004, Soros donated $654.38+0 billion to set up an organization called "Americans United", with the main purpose of defeating Bush in the next US presidential election.