George Soros, a renowned philanthropist and hedge fund manager has so far transferred around $18 billion to Open Society Foundations, his charitable organization. This pushed his lifetime giving to a total of $32 billion and elevated his foundation to become the third largest in the world. Open Society Foundations ranks as number three after the Wellcome Trust and Bill Melinda Gates foundation. Officials privy to this information spoke to the Wall Street Journal as well as the New York Times and revealed that the billionaire investor had upped his donations tempo. The latest donation of $18 billion forms a large part of his estimated total worth of $23 billion.
Open Society Foundations
George Soros has been financing his charitable organization, Open Society Foundations, in its endeavors to supporting and building vibrant liberal democracies. He has donated about $24 billion to the foundation since it was established back in 1979. George Soros is a huge and vocal supporter of various liberal causes that his charitable foundation continues to champion. He is passionate about a number of liberal causes in the whole world and makes his donations to the Open Society Foundations to help further them. The charitable foundation promotes human rights and democracy in over 120 countries. The foundation has since increased its interest on America where it is investing in various programs aimed at protecting the gays, lesbians and other minorities that are discriminated against.
Soros also funds political campaigns politicians especially the Democrats. In the 2016 U.S. presidential elections, George Soros was the leading contributor towards the Hillary Clinton’s presidential campaigns. He also makes huge contributions to his home country, Hungary despite the rising tensions between him and the government. The $18 billion gift to his charitable foundation was done secretly and periodically over the recent past years. This huge transfer of funds to a charitable foundation will definitely raise eyebrows among his fierce conservative critics. This move will also find itself as a major talking point in the various political social debates going on in the country.</p>
About George Soros
Mr. Soros has rightfully earned his seat among the most renowned philanthropists, having donated over $32 billion in his lifetime to the different causes that Open Society Foundations concentrates on. His enormous support to the organization has helped in supporting various individuals or organizations in their fight for their freedom of expression, equality, justice and an accountable government. Soros also offers fees to promising students who could have missed out on their education due to where they come from or for who they are.
Soros advocates for an open society probably due to his personal experience when he was growing up. A young Soros lived during the time of the Nazi occupation in Hungary, where almost 500,000 or more Hungarian Jews were killed. His family was lucky to escape from Hungary thanks to some falsified papers. George Soros moved to the United Kingdom and did a number of odd jobs to get money to support his education at the London School of Economics. He went on to become one of the wealthiest hedge fund investors in the United States and Follow him Twitter.com.