George Soros has been recognized by the world as the man who has given more than half of his wealth to charity. He is a billionaire and has acquired most of his wealth from the hedge fund industry. Soros has offered billions of dollars to the Open Societies Foundation to support democracy and human rights. He recently gave the charity organization $18 billion to ensure that it runs its activities efficiently. The huge donation has assisted the foundation to be ranked second on the world’s list of the leading charity institutions. The most philanthropic organization on earth is the Bill and Melinda Gate Foundation. George Soros’ latest donation is recognized as one of the biggest contributions to a single foundation. He has the head of the Open Societies Foundation from when it was founded in the 1980s. The organization has been advocating for human rights in over 120 nations in all the seven continents. Its primary focus in the United States is to protect gay and lesbian individuals and also protest against police brutality. Visit nytimes.com to know more about George.
The outstanding efforts of the Open Societies Foundation toward protecting the minorities have been appreciated across the world. The organization offered donations to support Ebola treatment centers to fight an outbreak that occurred in 2014. In 2016, Soros advocated for peace after American failed to agree over the presidential elections. He gave $10 million to various groups to prevent widespread hate in the nation. The philanthropist is also appreciated for his dedication to ensuring that counties have good leadership. He is a Democrat and was a major donor to various PACs that were on the frontline in supporting Hillary Clintons presidential bid. Soros has also been a benefactor to different politicians of the party. His support for the Democratic Party has attracted a lot of criticism from the Republicans. Read his profile at Business Insider.
The commitment of George Soros to supporting minority communities was motivated by his early life. He lived in Hungary during a time when the Jews were being oppressed by Nazi, which is the largest community in the country. Before starting his Wall Street career as a hedge fund manager, Soros attended a U.K-based college and graduated with a degree in finance. The billionaire has also ventured in currency speculation and was awarded over £1 billion by the Bank of England. His rate of selling the currency led to its devaluation. The billionaire established the first office of the Open Societies Foundation in his motherland, Hungary.
Soros’ annual donations to the Open Societies Foundation is between $800 and $900 million. He is the main benefactor of the organization, and his $18 billion contributions will enable it to transform the lives of many people. George Soros has promised to give an additional $2 billion to the foundation in future. The excellent work of the billionaire’s charity has helped in improving the lives of people across all the planet. It has been acknowledged as the foundation that has the most significant impact on all continents. Soros Fund Management is in charge of all donations that are offered by the Open Societies Foundation.