George Soros, a billionaire hedge fund manager of Soros Fund Management, is a well-known active philanthropist. Recently, Mr. Soros gave $ 18 billion to his organization known as Open born in 1930 Society Foundation, according to NY Times. This savings has been happening for years, but it was discovered recently and has transformed the foundation making it the second-biggest philanthropic organization. Moreover, this reputation gave Soros more opportunities to be involved in social and political activities to take part in meaningful debates.
Open Society Foundation was established over 30 years ago with George Soros. The foundation was primarily founded to promote human and democracy rights in over 120 nations. In 2014, the organization donated to treatment centers during the Ebola outbreak and also to a center of Roma art to promote their culture. Moreover, after the 2016 elections in the United States, the foundation made efforts to protect people from what is illustrated as a national wave of hate incidents. Later, George donated $ 10 million to prevent vices such as violence.
Mr. George Soros was raised in a humble background that is why he is passionate about giving back to the society because he understands their struggles. George was born in 1930 in Hungary in a residential area called Nazi. Unfortunately, there was a war which left over 500,000 Hungarian Jews murdered. Fortunately Soros Jewish family managed to escape the massacre by faking their identity papers and also helped other families do the same. Read this article on Politico about George.
He left Budapest for London in 1947 where he worked part-time as a railway porter and a nightclub to fund his education at the London School of Economics. He migrated to the United States in 1956 to enter the finance world, and after working hard, he established Soros Fund Manager in 1970. In 1992, George made a $ 1 billion short against the British pound which gave him billions of profit and branded him the name the man who broke the Bank of England.
As George’s fortune grew, he began supporting democracy and human rights through his foundation Open Society Foundation. He used to donate annually to the organization around $ 800 million or 900 million, but this year he increased all the way to $ 18 billion with a $ 2 billion expected to come. This donation will benefit countries such as Asia for years to come according to Forbes.
The name of the foundation came from Karl Popper’s book “Open Society and Its Enemies.” George loves the philosophy in the book where Karl argues that no philosophy can determine the final truth. Popper adds that communities can only improve when it advocates for the freedom of expression, democratic governance, and respect for individual rights. Follow George Soros on twitter.com.
George officially became a philanthropist in 1979 when he gave scholarships to South Africans students under apartheid. Moreover, he contributed to the promotion of the exchange of ideas in Communist Hungary to preserve their culture. George has helped many organizations and has also featured in politics by funding some aspirants who have great ideas and also protesters who are fighting for their rights. George is passionate about helping the society.