George Soros Donates $18 Billion to Open Society Foundation

Born in Budapest Hungary in 1930, George Soros lived through the Nazi occupation of 1944 and 1945, over 500, 000 Hungarian Jews were murdered. He and his Family were the only ones who survived the rule of false identity papers. George went to London School of Economics. George’s mentor was Karl Popper, a philosopher. He got the title of his foundation from one of Karl’s philosophies. The Forbes rates George Soros as one the top 400 billionaires in the United States. George became famous after making a profit of $1 billion in 24 hours after placing a bet against the British Pound in 1922. The bet gave him a title ‘the man who broke the bank of England.’

Soros philanthropy started in early in the 1970s when he gave scholarships to Black South Africans under apartheid. In the 1980s, he also helped in the promotion of ideas to the Communists of Hungary where he funded the educational visits to the West and even supporting independent cultural groups and other initiatives. His Open Society Foundation has a supportive impact on democracy and human rights in more than 100 countries.

After the Berlin wall fall, Soros created the Central European University, which expanded his philanthropy in the US. He then extended the movement to Africa, Asia, and Latin America to support and help create transparent accountable and democratic societies. George Soros was also one of the voices criticizing drugs. Funding of organizations has been beyond his foundations in that he has supported organizations such as Institute of New Economic Thinking, Global Witness, and the International Crisis Group. Even at the age of 80, George Soros is active to ensure that the Open Society Foundations projects are executed. He achieves that by traveling to many places to fund them and advocate change.

Early 2017, George Soros transferred an amount of $18 billion to one of the human right foundations leading to a donation of $32 billion from 1984 to date. That contribution placed George as the third world most significant donation. During the 2016 presidential elections in the US, Soros donated $10 million of his wealth to fight against hate crimes.

According to Wall Street Journal, the $18 billion transfer is the most substantial donation to a philanthropic nonprofit organization. Before the gift, his net wealth was amounting to $23 billion. That means he gave an amount of 80 percent his wealth to the charitable foundation. George Soros was ranked the 29th wealthiest person in the world. The organization is partnering with stakeholders and their branches all over the world, focusing on the support of democracies and disqualifying cases of social discrimination and injustices among other issues. and more information click here

Leave a Reply

Your email address will not be published. Required fields are marked *