George Soros hails from Budapest in Hungary. Born in 1930, he emigrated to England in 1947 and attended the London School of Economics for his undergraduate studies. Further, he possesses a masters degree in philosophy. Before starting up his first hedge fund, the 87 years, old business magnate had a humble beginning as an employee at merchant banks not only in the United Kingdom but also in the United States of America. Over the years, he has succeeded as an investor, a philanthropist, and a writer.
Forbes recognizes him as one of the most successful investors across the globe. His net worth is $8 billion. Recently, this billionaire hedge fund manager donated $18 billion to Open Society Foundations. This was marked as the biggest transfer of wealth made by a private donor to a single foundation. Open Society was founded three decades ago by George Soros. It advances democracy and human rights in more than 120 countries, paying specific intention to the USA, heavily investing in endeavors to protect gays and lesbians and reduce brutality by police.
Soros transfer of $18 billion brought his lifetime contributions to $32 billion. Earlier, Soros had donated $5. These combined donation has catapulted Open Society to be one of the most prominent foundations globally. The donation positions the humanitarian organization in the third place after Bill and Melinda Gates Foundation and the Welcome Trust. The $18 bn donations were transferred over a couple of years, and follow his Twitter.
Such donations and steadfast commitment to promoting democracy, a cause of refugees as well as liberal world order, in my opinion, can be attributed to his dark days as a teen Jewish refugee who narrowly escaped persecution by the Nazi. On a political front, the pro-democracy activist has pledged to advance $2 million as a political donation to progressive groups. He has previously supported Barack Obama’s re-election campaign.
Also, he has given financial support to other Democrats contesting for legislative seats.
The outspoken critique of the conservatives posits that they need to be held accountable for promoting flawed policies. The bigtime donor for liberal groups has promised to give out $ 1 million to American votes, an agency that aids in the coordination of campaign logistics for progressive groups in the USA, and learn more about George Soros.
Apart from this promises, the business magnate has a track record of philanthropy to a political course, for instance, in last year, he donated $100,000 to Majority PAC, $75, 000 to House Majority. Soros philanthropy is not limited to USA bit extends across the globe. In Kenya for example, his Open Society Foundation is a significant funder of political activities in Kenya. He is a funder of Africa Center for Open Governance (Africog) and Kenyans for Peace Truth and Justice.
On a social front, Soros has donated about $75 million to Millennium Promise, and Millenium Villages Projects successfully alleviating extreme poverty. These funds promoted education, health sector, enterprise development, and access to basic needs.
Going forward, Soro’s unwavering commitment to human rights and democracy will edge him to intensively and extensively expand his excellent course of philanthropy partly due to the wake of the Muslim spring, and George Soros’s lacrosse camp.