George Soros Contributes $18 Billion To Open Society Foundations

Billionaire hedge fund manager George Soros recently transferred a large chunk of his wealth to Open Society Foundations, a nonprofit organization that has been operating for nearly 30 years. The $18 billion funding from Soros, who over the years has championed numerous democratic causes, places the organization among one of the largest philanthropic nonprofits in the world.

His donation to Open Society Foundations is arguably one of the most significant transfers of wealth by a private donor. This contribution also firmly places Soros’s Open Society Foundations among the elite charitable foundations in the United States, only behind the Wellcome Trust and the Bill and Melinda Gates Foundation.

The gift, made over the years but only disclosed back in October 2017, has firmly positioned George Soros, as a lightning rod among conservative critics, especially in this era of multiple political and social debates convulsing the country. Several officials from the Open Society Foundations told the New York Times and Wall Street Journal that the Hungarian-born billionaire investor has steadily increased the pace of his donations to the cause from the billions of proceeds from his hedge fund. The latest record of combined donations amounts to $18bn and represents the majority of Mr. Soros’s estimated fortune.

Founded by Soros over 30 years ago, the Open Society Foundations promotes human rights and democracy in 120 countries across the globe. In recent years, the nonprofit organization placed more attention on the United States. It has gone on to invest in programs that are designed to protect lesbians and gays and reduce abuse on these people by law enforcement. The foundation has raised its efforts to protect LGBT people in the US from what it called a national wave of hate crimes following the 2016 presidential election. After that rise in hate crimes, Soros committed $10 million into preventing such form of violence.

Open Society Foundations successfully funded treatment centers during the Ebola outbreak back in 2014. Open Society Foundations works globally to create vibrant and tolerant democracies. The nonprofit has given away a total of $14bn since its inception in 1979.

Soros, 87, who made large chunks of profits from betting against the pound when it crashed (in 1992) from the European exchange rate mechanism, is an advocate of liberal causes. The 87-year-old billionaire was a significant contributor to Hillary Clinton’s presidential bid. He makes his recent donation amid tensions with the Hungarian government in a row over the press and academic freedom.

“My success in the markets has allowed me a better degree of independence than other people,” Soros said on his website. “This lets me take a stand on the controversial issues. I am obliged to intervene because others cannot.”

Now holding a bulk of Soros’s fortune, Open Society Foundations has moved to the top among philanthropic organizations in the world.

Forbes in its list of 400 richest billionaires in the United States listed Mr. George Soros’s net worth as $23 billion. A hugely successful hedge fund manager, the billionaire founded his Soros Fund Management back in 1969. Soros Fund Management is now listed as a private family office.

Sources

The Guardian- https://www.theguardian.com/business/2017/oct/18/george-soros-gives-18-billion-dollars-open-society-foundation

Fortune- http://fortune.com/2017/10/17/george-soros-open-society-18-billion/

The New York Times- https://www.nytimes.com/2017/10/17/business/george-soros-open-society-foundations.html

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Is OSI Group The Solution In Food Services

There are numerous food suppliers in society today, and these suppliers are located on just about every continent. Unfortunately, all food suppliers aren’t created equally. Some of the most popular retailors receive their food products from the same supplier. Most people tend to think that every grocery store or restaurant has its own special farm that supplies it with food. Yes, there are some retailors that have invested in growing their foods, but the vast majority of these businesses don’t have the luxury of doing so. OSI Group of Aurora, Illinois, has set the precedent in this category, and it has reshaped the environment of the whole industry.

This company is on another level, especially when it comes to food services. Unlike other companies, OSI Group develops, processes, manages and distributes custom food solutions. These innovative products are great tasting, and they’re made via the clients’ strict instructions. Each and every client will work hand-to-hand with OSI Group during this process. This action drastically cuts down on the mistakes among the products at hand. The food staff here is very educated thanks to their global and real world knowledge of diverse foods. The company’s facilities are high-quality and there are up to 65 in total. That’s right! OSI Group has up to 65 facilities that span across 17 nations. When it comes to distribution, the company is very efficient in getting the products to its clients in a timely fashion. In today’s competitive world, getting the food products to the masses is crucial. This is why OSI Group’s global manufacturing network is one of the best.

This company keeps expanding via acquisitions. In 2016, OSI Group bought Tyson Foods’ former plant for $7.4 million. This 200,000 square-foot facility is very close to the company’s other facilities in the Chicago area. OSI’s Spokeswoman Alison Kovaleski stated that “the acquisition has strengthened the infrastructure to support business growth.” After the acquisition, OSI was able to retain about 250 of the plant’s employees. The company also controls stake at BAHO Food, which is a privately-held Dutch company that has up to 60 years of food service success.

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Richard Mishaan Design; an Epitome of Chic Interiors

Richard Mishaan Design is quite famous because of their expansive styles. Richard is a prominent designer who combines his knowledge and passion for fashion with his cultural roots. Mishaan was born in Colombia, a region appreciated for its vibrant designs. After graduating with a BA from New York University and pursuing architecture from Columbia University, Mr. Richard Mishaan was lucky to join Philip Johnson’s offices where he started apprenticing. If you want to understand more about Richard Mishaan Design, you should check with his site. There are a variety of impressive interiors for residential, commercial, and hospitality clients.

Richard is an Ideal Designer for All Scopes of Projects

You understand that interior design and architecture go hand in hand. This tells you why Richard has grown to become an accomplished designer with a global touch. He earned his certification by passing every phase now that he is a competent design expert. Most people refer to him as an expansive individual because of his excellent mastery of the industry. People who are fond of Richard Mishaan Design will tell you that his delight lies in quality and luxury. Their selections are unique because they integrate a modern taste with a traditional feel. One thing that influences their designs is Richard’s zeal for his trade.

Richard Mishaan Design is a One Stop Premise for Every Homeowner

On visiting Richard’s site, you will realize that there is all you require for your home. He offers a wide array of decorative objects and furniture for modern homes. At Richard Mishaan Design, you get everything you need to pimp your haven. Richard’s brand has successfully handled partnerships in five different licensing categories. Richard extends his knowledge to the world through his publications, Artfully Modern and Modern Luxury.

3 Important Insurance Tips For New Parents

Richard Blair has been helping families secure their financial futures for well over 20 years. During this time he has honed his knowledge and has become known as an expert in the financial services industry.

 

When he started his independent firm Wealth Solutions in 1994, he did so with the goal of providing his clients with personalized advice that will help them reach their financial goals.

 

One of the biggest topics that tend to come up during the financial planning process is life insurance. If you are a new parent looking for advice when it comes to life insurance, here are 3 tips that will help you protect your family in the event of an unexpected death.

 

Identify Your Financial Goals

 

Before buying a new insurance policy, or expanding the coverage you already have, take some time to identify your family’s financial goals.

 

Keep in mind the purpose of a life insurance policy is to ensure your family will not endure any financial hardship in the event a parent unexpectedly passes away. Identifying your financial priorities makes it easier to figure out what type of insurance you need as well as the amount of insurance you need.

 

Some of the things you should consider are childcare expenses, private school tuition, whether or not you want to pay off your mortgage, family vacations and college tuition just to name a few.

 

These are things a good insurance policy would cover in the event of a death.

 

Buy Your Policy As Soon As Possible

 

Your health and your age are two of the key factors that will determine how much you will pay for your monthly insurance premium. The younger you are, the less you will more than likely pay.

 

The longer you wait to invest in an insurance policy the more money you will end up paying. So buy now!

 

Don’t Focus Only On The Primary Earner

 

When most families look at insurance policies they focus on only insuring the primary earner. Just because a spouse opted to quit working to take care of the family doesn’t mean they are not contributing to the household.

 

If the primary earner was to pass away the contributions of the at home spouse would need to be replaced. It is therefore always ideal to have both parents properly insured.

 

This will ensure neither parent has to endure financial hardship while going through the very difficult time of losing a loved one.

 

Anthony Petrello Announces Acquisition of Tesco Corporation

On August 14, 2017 it was announced that Nabors Industries LTD. would be acquiring Tesco Corporation. While Nabors Industries main offices are in Houston, the same as Tesco, its headquarters is in Bermuda. The deal was an all-stock transaction between the two companies.

The deal should be completed by the fourth quarter of 2017. Tesco shares, which trade under the ticker TESO, were valued at $4.62 a share which is the amount based on how much Nabors shares were worth as of the end of the trading day on August 11th. The $4.62 amount represents a 19% premium based on closing day value of outstanding Tesco shares.

As a company in the oil and gas industry, Tesco provides technology-based solutions to others in the industry. They design, manufacture, and service their products. The transaction was a good fit for Nabors Industries as they have the largest drilling rig fleet in world. The also supply services to offshore drilling companies such as platform rigs, performance tools, and directional drilling services.

The merging of the two companies is expected to save about $20 million in the first year in operational costs after the deal is completed. In following years they are expecting to save $30 to $35 million a year.

When announcing the deal CEO of Nabors Industries, Anthony Petrello, said that the deal represented a plan he put into motion in November 2016. He and his company had long ago determined that drilling rigs will lead to being used as the delivery platform of rig services in the future.

In addition to his role as CEO, Anthony Petrello is also the president of Nabors Industries. He first joined the company in 1991 after having spent 12 years as an attorney, and later managing partner, of the New York City law firm Baker & McKenzie. Under his leadership, Nabor Industries has become a leading oil and gas company that generated $2.23 billion in revenue in 2016. In addition to Nabors Industries, Anthony Petrello is also a director at Hilcorp Energy Company as well as Stewart & Stevenson, two other companies in the oil industry.

To know more visit @: www.crunchbase.com/person/anthony-petrello#/entity

JHSF Participações Success in the Real Estate Industry

JHSF Participações is a public company in Brazil that is leading in the high-end real estate industry. JHSF provides four main services which include residential and commercial buildings, administration and development of shopping centers, international business airports, and high-end hotel. It was founded under the name JHSF by two brothers called Fabio and Jose Roberto Auriemo and two other partners in 1972.

JHSF split into two in 1990 split namely JHSF Participações led by Fabio and JHSF led by Jose. Later, Jose came back to lead the main real estate company under the name JHSF Participações with its headquarters in São Paulo, Brazil.JHSF has expanded in Brazil, USA, and Uruguay in different cities which include Salvador, New York, Manaus, Punta del Este and Miami among others. JHSF expanded its business first into the shopping center segment. From then JHSF has partnered different companies for real estate operations. The company has taken part in many projects including most recognized buildings like 518 in New York City on Fifth Avenue and the development of the residential condominium Las Piedras in Uruguay, Punta del Este.

JHSF Participações founded Cidade Jardim complex in 2006. The complex includes a shopping mall, the Shopping Cidade Jardim, three commercial towers and nine residential towers which are listed among high-end condominium Parque Cidade. JHSF negotiated a partnership with Valentino in 2012, and the partners founded the first Valentino and R.E.D Valentino stores in Brazil.

Jose Auriemo Neto is currently the Chief Executive Officer of JHSF Participações and serves as a member of Board of Executive Officers for JHSF. Auriemo is in charge of the company’s retail portfolio and expansion of its shopping centers. Jose has not only seen the company through Cidade Jardim Shopping Complex but also through other projects like Metrô Tucuruv, BelaVista in Salvador and Ponta Negra shopping center in Manaus. Click here to know more.

Neto is a graduate of Fundação Armando Alvares Penteado University in São Paulo. He started working for JHSF in 1993. Neto is passionate about providing his customers with high-quality services in the real estate industry.

http://www.valor.com.br/empresas/4695535/jhsf-nao-comenta-venda-do-shopping-tucuruvi

Rick Smith’s Successful Prison Career

Before Rick Smith was the CEO of the communications company, Securus, he had worked in other communications positions. He knows a lot about the subject and has been able to help people who are in situations where they need to be able to have the help from the communications company. Currently, Securus serves prisons around the country and has been able to help people with the issues that they would normally have in those instances. Rick Smith has made sure that he can help people who are in prisons but has made it a part of his job to help the people who are running the prisons before he is able to take the time to help the people who are in the prisons. He tries to ensure that he is going to be able to help everyone so that he can try to make things better for his clients and for the people who are in different situations.While Rick Smith is dedicated to the prisons that he works with, he has to make sure that he is doing everything that he can to help people with the issues they are having while they are running the prisons.

All of this goes back to the fact that Rick Smith knows the right way to run a communications company and he is confident that he can make Securus one of the best prison industry companies no matter what is going on in the industry or with the people who are in different situations while working for the company.Since Rick Smith took over in 2008, Securus has only gotten better. They are now able to provide their prisons with the administrative support that they need. They have always been working hard to make sure that they can do things the right way but this has given them the opportunities that they need to be able to have a more comfortable experience.

Rick Smith is more dedicated to the administration than he is to the actual prison because he knows that the prison would not be able to run properly if it weren’t for the administration and the way that they work to help people.Prisons are able to provide people with the chance to rehabilitate themselves and make things better for themselves. Rick Smith knows that and he knows that he needs to provide support through Securus. He wants to help people who are in prison get on their feet to eliminate the stress of the prison administration. He does this by offering things like kiosks and email systems for the inmates. He also tries to make sure that he can help the prisoners have a lower chance of returning to prison.

Jose Auriemo’s Dream Comes into Reality

Jose AuriemoNeto, the son of Fabio Auriemo saw an area of 80,000 square meters in Marginal Pinheiros. He thought it would be an excellent construction of a complex of high luxury. His father told him to forget the subject as Marginal Pinheiros was not so good for such an enterprise. Jose who is known as Zeco did not give up on his idea; he convinced his father to visit the area and evaluate it himself. He showed him the entrance that could be on the back in a residential area. He outlined to him how the complete building would look and explained the benefits it would bring. Since then, the land has been the host of the largest real estate complex in the country. Zeco serves as the chief executive of JHSF. The Marginal Pinheiros complex was named ParqueCidadeJardim; it comprises of a shopping mall with 180 stores, nine residential towers and four offices. One mixed-use part of the building is designed to be apartments while the other will be a hotel of the Fasano brand.

The residential towers have apartments of 240 square meters selling at 1.8 million and those of 1700 square meters selling at 16.6 million reais. The entire building was complete in 2010 and JSHF began expecting income for the mall. In the 1980s and 1990s, very little was launched in real estate markets for the luxury segment. According to Luiz Paulo director of Brazilian Company heritage studies. There is high demand for ventures similar to Marginal Pinheiro’s mall. The mall which was inspired by Miami bal Harbor shops has an open air environment and hosts Reebok Academy and Cinemark among others. Foreign brands such as Louis Vuitton, Armani and Longchamp are also found in the mall. The high-end market which JSHF navigates has become an important sector in the current days. The construction of the Garden City is not the only thing Zeco is known for. He invested $16 million reais in becoming a member of Fasano hotel chains. He also launched an AAA class allotment in Port Feliz and purchased some land in Punta del Este, Uruguay. Zeco is involved in many projects; he plans to open malls and do hotels in other capitals in Brazil. To more know about JHSF click here.

Mike Baur Co-Founder & Executive Chairman at Swiss Startup Factory

Mike Baur is Swiss Start-up Factory AG co-founder with 20 years of experience with the Swiss Banking Industry other than having acted some fund-raising roles in Swiss Start-up Factory. Mike Baur’s affection for finance and banking started in his early years as an adolescent in the place where he grew up of Friborg, Switzerland. It was nothing unexpected that he later sought after his passion and made a profession out of it. Mike got an MBA from the University of Rochester and Executive MBA from the University of Bern.

Mike spent successful 20 years in the Swiss banking arena ascending in the positions to wind up distinctly as part of the official leading group of a huge Swiss private bank. Other banks that Mike worked with include Sallfort and Clariden. His entrepreneurial voyage started in 2014, when he was 39 years old. Together with two different accomplices, he began the Swiss Startup Factory to give guidelines and bolster young and digital pioneers. Swiss Start up Factory is privately owned and is also financed independently. It is the first of its type in Switzerland operating three-month accelerator packages for techpreneurs.

Mike Baur has a big interest for youth and thus he spends a considerable amount of time offering support to youth businesses, demonstrating financial and training help for promising new businesses. Being the fellow benefactor and CEO, Mike is additionally in charge of financing and raising finances at Swiss Startup Factory. The factory was begun in 2014 in Zurich and intends to recognize and bolster developing and prosperous computerized business visionaries. The SSUF operates a 3-month acceleration program targeting Startups, where training and tutoring are provided in areas, for example, offices, investor network, entrepreneur and finance network.

At the SSUF, starting organizations that specialize in digital innovations have the chance to be taken via structured accelerator projects to come up with prosperous and innovative will power able to contend for the world commerce market. Amid the three-month speeding up program period, the chosen new businesses are taken through rhythms as they get tested making sure they can come up with trading ideas before pitching it to accessible and potential speculators. The quickening agent program in the Swiss Start up plant is the fit for yearning youngsters who need to set the world ablaze with their developments and ideas.

In an era of three months the targeted individuals are pushed assisted to bring their ideas and plans into the market while utilizing the lean canvas innovation. Today, majority of people have learnt and benefited from the exemplary life of Mike Baur.

Hussein Sajwani; The Middle East Real Estate Magnate

Hussein Sajwani’s Background

 

With a net worth of $3.6 billion, Hussein Sajwani is currently ranked as the 527th richest man in the world. He is also 3rd in the United Arab Emirates. Most of his wealth has been accrued from businesses in the luxurious real estate and hospitality industry.

 

He was brought up in a business oriented setup, with his father being a shopkeeper, and his mother a hawker. He would go to the shop during weekends to lend a hand.

 

Hussein was excellent in school, and the government acknowledged this by providing him with a scholarship to study in the USA. He graduated with an undergraduate degree in economics, and industrial engineering from the University of Washington, Seattle. He started engaging in business while in college, selling time-share apartments in the UAE on the side.

 

Early Business Ventures

 

Sajwani’s first job after graduation was at the finance department of Abu Dhabi Gas Industries, where he worked on contracts. He worked for only two years after which, he resigned. He used his savings from the time-share sales as capital to start up a catering business.

 

The catering business prospered. Hussein was able to raise money which enabled him to start small hotels in Dubai. When the government allowed foreigners to acquire land in Dubai, Sajwani sold off a portion of his assets and used the funds to buy an undeveloped piece of land in the Marina neighborhood. He managed to sell a 38-story building six months before its construction started.

 

DAMAC

 

In 2002, Hussein founded DAMAC properties. It is the largest private real estate venture in the Middle East. The company operates in the Middle East, and its current headquarters are in Dubai, UAE.

DAMAC primarily focuses on the development of luxurious, high-end residential and commercial buildings. Up to date, tens of thousands of lavish apartments have been constructed and more are in various stages of development. The company has teamed up with global luxury brands to design the properties. They even issue posh cars such as BMWs and Lamborghinis as a marketing incentive!

 

Relationship with Donald Trump

 

Hussein and Trump are business partners. Together, they are currently developing a $6 billion venture, named Akoya, covering over 42 million square feet. The property features cozy apartment buildings and villas, with some going for as much as $9 million.

 

A golf course designed by Tiger Woods is also under construction and is expected to open next year.

 

Philanthropy

 

DAMAC continuously supports efforts to improve living standards around the world. They handed a check worth AED 2 million to a campaign to provide clothes to destitute children around the world. The contribution is projected to clothe over 50,000 children.