George Soros’ $18 Billion Donation to the Open Society Foundation Transforms the Foundation into the US second leading philanthropic organization

When it comes to describing George Soros, a lot can be said about him. On one hand, there are those who refer him as a boogeyman, especially in the world of politics and the financial market. On the other hand, there are those who see him as a soft and kind person. For example, the Open Society Foundation describes George Soros a philanthropist who changes the lives of many.

Soros the Philanthropist

When it comes to charity, George Soros is amongst the most celebrated philanthropist. He has recently given $18 billion to the Open Society Foundation to aid in the organization’s work. According to New York Times, this is one of the biggest wealth transfers ever completed by a private donor to one foundation. The transfer has transformed the foundation into the US second leading philanthropic organization (after Bill and Melinda Gates Foundation). It is also predicted that it will draw a lot of conservative critics, especially considering the political and social debates that are currently convulsing the country.

This is not the first philanthropic activity that Mr. Soros has been involved in. He remains one of the largest donors to Democrat causes. He funded Mrs. Clinton and in the last general election, Mr. Soros donated millions to PACs that opposed Mr. Trump candidature, and supported many Democratic causes and candidates.

He has also been funding Open Society Foundation for decades through yearly donations of $800-900. However, he increased his donations in the past few years as part of his estate planning strategy, bringing the Foundation’s endowment to $18 billion this year.

Soros the Boogeyman

For over 20 years, George Soros has been at the center of several conspiracy theories. There are those who look at him and see a man who controls the world’s wealth. Despite lack of logic evidence, there are a number of individuals who see George as a puppet chief who secretly controls the world’s economy. He is also seen as very influential in the political realms. Read this article on Politico about George.

Since he got into hedge fund business in the 1980s, Mr. Soros has been at the core of conspiracies. He is worth $25 billion, and this status attracts critics. Soros’ decision to invest his wealth in politics has made him one of the most criticized figures of this age. As a political activist, George Soros has been criticized for influencing the political dimensions in the US.

Soros’ Profile

George Soros is a Hungarian-born businessman and philanthropist. He was able to survive the Nazi Occupation (1944-1945) which saw over 50,000 Jews murdered. He left Hungary in 1947 and migrated to the UK. He worked as a part-time railway porter and nightclub waiter to fund his college education at the London School of Economics. George moved to the US in 1946 and got into hedge fund business. He launched his first hedge fund brand in 1970 known as Soros Fund Management. The company formed the basis of his business success, especially in the hedge fund. Learn more about George at forbes.com.

Conclusion

At the age of 86, George Soros name is still mentioned by many. This is mainly because of his achievements in business and philanthropy. He has changed the lives of many through charity. His philanthropy side outweighs the criticized side. In spite of the political and economy scrutiny, George Soros is a humble and soft guy.

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