George Soros, a renowned investor, and philanthropist transferred more than half of his net worth to Open Society Foundation. The billionaire transferred a total of $18 billion to his foundation, which he founded over 30 years ago. Open Society is involved in some charitable activities across the globe with a presence in over 120 countries. It promotes human rights, democracy, and rights of marginalized groups.
The foundation also provides school fees to plenty of students who would have missed out on learning opportunities for many reasons. Mr. Soros’s donation has transformed Open Society into one of the world’s most prominent philanthropic organization in the world. According to the New York Times, Open Society also funded treatment centers during the Ebola outbreak of 2014, the Roma art and culture center among other contributions. Open Society announced in 2017 that the funds would be used to support and push for the organization’s efforts and future agendas. George Soros has since 1984, donated over $30 billion to the Open Society Foundation, and more information click here.
Mr. Soros was born in Hungary before leaving for London in 1947. His family migrated to the U.S to escape the Nazi occupation. Soros then attended the London School of Economics where he studied Philosophy. He made his first fortune betting against the British pound where he made $1 billion in 1992. George Soros began funding political and democratic causes in 1984 when he established Open Society Foundation. Soros named the foundation after Karl Popper’s book entitled Open Society and Its Enemies. He also created his hedge fund in 1970 known as Soros Fund Management, which made him one of America’s most successful investors. 1979, Mr. Soros provided scholarships to black South Africans under apartheid and later established the Central European University following the fall of the Berlin Wall. The Open Society reports that Mr. Soros was one of the first supporters of the fight against drugs as well as support for America’s medical marijuana movement, and learn more about George Soros.
Mr. George Soros has obtained significant influence in American politics and policy and was recently involved in funding Hillary Clinton’s presidential campaign. He also made a wager in the markets that Donald Trump would lose the elections and lost $1 billion in the bet. Soros has been an outspoken critic of Trump accusing him of campaigning for hate in America by fostering ideologies, which aim at oppressing the minority. According to an article in the Washington Times, George Soros donated an estimated $33 million to activist groups in Ferguson for their protests and activities.
George Soros is believed to have spurred the protest movements in Ferguson by mobilizing groups across the U.S. through nationwide online and social media campaigns. He also aimed to transform ‘Black Lives Matter’ from just a hashtag on social media into a nationwide issue and concern through donations to groups and organizations. An article on Forbes explains that George Soros’ charitable contributions in Asia aim to provide food, shelter and medical supplies through his other organizations.
More Visit: http://fortune.com/2017/10/17/george-soros-open-society-18-billion/