George Soros’ Stunning and Enormous Donation worth Billions
George Soros is a famous man worldwide for his affiliation with numerous activities such as politics, finance, and mostly philanthropy. He is a highly talented and skillful hedge fund manager. George is also among the top richest men in the world. According to a source that is The NY Times, George recently made one of the biggest wealth transfers of $ 18 billion to his Open Society Foundations. He was the first private donor to donate such an amount to go to a single foundation. Open Society Foundations currently takes the second position in terms of the amount of money the philanthropic organization is worth in the United States. The first place goes to the Bill and Melinda Gates Foundation.
George Soros started the Open Society Foundations in 1979 that is more than three decades ago. The foundations are committed to enhancing democracy by advocating for human rights which they have nearly accomplished in more than 120 countries. Open Society is also investing in several programs to help fight for gay and lesbians rights as well as reduce police brutality in the United States. Such actions have strengthened its presence in the United States. Under Soros’ leadership, the organization has aided many people over the years especially victims of any discrimination.
Open Society Foundations also provided funds to go to various treatment centers during the Ebola outbreak that took place in 2014 as well as a Roma art and culture center. During the 2016 election in the United States, George gave $10 million to promote peace by preventing the hate crimes. Mr. Soros is well-known for his massive involvement in political causes. In the 2016 presidential elections, George committed huge amounts of cash to go to Democrats such as Hillary Clinton and others. He funded campaigns that were against Donald Trump. In 2014, Soros funded groups that were against George Bush re-election in the United States. Know more on cnbc.com about George Soros.
Mr. Soros philanthropic work is inspired by his experience as a child. According to the Business Insider, George is originally from Hungary, and as a boy, he experienced discrimination during the Nazi period because he was from a Jewish family. Luckily, George and his family survived the war that claimed over 500,000 lives of Hungarian Jews. Soros’ father purchased false identification papers with Christian names to hide their true religion. The idea helped save George’s family as well as many other families in Hungary. In 1947, George left his birthplace and moved to London. Read more on Fox News about George Soros.
While in London, George Soros decided to join the London School of Economics. To support his education, George had to work as a railway porter during the day and as a waiter at night. Fortunately, in 1951 he graduated with a Bachelor of Science in Philosophy. George did not stop there, and in 1954, he got a Master of Science in philosophy. To start off his career in finance, George secured a job at a merchant bank in London. Soros later moved again to the United States to continue with his career. In 1992, George Soros was recognized as the man who broke the London Monetary System by betting against it and earning massive profits worth $ 1 billion.