George Soros is an investor who made billions managing a hedge fund in New York City. He has also been a philanthropist for many years which much of his money going through the foundation he established, Open Society Foundations. While it’s been known for many years that Soros has been generous with his money it wasn’t until recently known just how generous. In an interview in October he revealed that he has given $18 billion to his foundation. The gift was made over the course of several years and due to his generosity his Open Society Foundations is now the second largest of its kind in America, second only to the Bill and Melinda Gates Foundation.
Before his transfers of wealth to his foundation, George Soros had amassed a fortune of $23 billion which made him the 20th richest person in the United States. According to a Forbes article, after his transfer of wealth he is now worth $8 billion which has lowered him down to being the 59th richest person in the country. The chief communications officer of Open Society Foundations is Laura Silber. Talking about the influx of money from Soros, she said that the money won’t change how the foundation she represents operates. Rather, she said that they would continue the course of identifying needs and opportunities across the globe while accomplishing its mission to bring democracy, justice, and human rights to the fore, and read full article.
Open Society Foundations has provided funding to many programs over the years. This includes helping refugees fleeing areas of conflict as well as public health efforts. They advocate for the rights of immigrants in many nations, such as Roma in Europe, and other issues involving human rights. He has also made the United States a main focus of his efforts, especially after the election of Donald Trump as president.
George Soros was born in Budapest, Hungary, to Jewish parents. He was just 11 years old when Hungary was occupied by Nazis. He was able to survive the war and after Hungary went Communist he fled to London. He attended the London School of Economics where he earned both a bachelor’s and masters in philosophy. He put himself through school by working as a restaurant waiter and railway porter.
It was in 1969 that George Soros started his hedge fund in New York City. He started out with $12 million and found phenomenal success in the industry. His financial success led to him developing an interest in philanthropy in the 1980’s and ever since he has supported democracy and human rights throughout the world, and his Website.
According to a New York Times article, George Soros has been very generous in donating to the campaigns of Democrats running for office in the US. He has donated to many presidential campaigns such as those run by Hillary Clinton and John Karry. He has a clear and consistent point of view that he plainly states and makes no apologies for when advocating for human rights and democracy, and https://www.nytimes.com/topic/person/george-soros.