George Soros Dropping Jaws with Philanthropic Donation of $18 Billion Made to Open Society Foundation
George Soros is no stranger to the people who are well-acquainted with what is happening in the political sphere of the United States. He is vocal Democrat supporter and has supported many Democrats in their campaign in the past, and even backed Hillary Clinton in her campaign against the Republican Donald Trump. It is estimated that George Soros spent upwards of $30 million to support the election campaign of Hillary Clinton. Unfortunately, Clinton did not win against Donald Trump, which led to a considerable loss of George Soros. However, it could not discourage Soros in his efforts to work for the benefit of the marginalized sections of the society and many other causes that he feels for.
George Soros is a Hungarian born Jewish and in his late eighties now. However, even at this age, he continues to be highly active and versatile in his routine and supervises numerous financial and philanthropic projects that he has undertaken over the years. George Soros is considered to be one of the most prominent philanthropists of all times and recently transferred $18 billion to his founded charity organization named Open Society Foundations. It is an organization that partners with numerous other charity organizations from across the globe to work for the benefit of the poor and marginalized people around the world. It also supports many different causes, which includes public health, education, empowerment of women and LGBT society, and more.
Transferring $18 billion to Open Society Foundations means that he has given over eighty percent of his wealth to charity. As per the current statistics, George Soros is the 29th wealthiest person the planet currently, but after his generous giving, it is confident that his wealth would fall considerably. George Soros made much of his wealth from the hedge funding company he founded by the name of Soros Fund Management. It is regarded as one of the most successful hedge funding companies of all times and has provided its investors with consistent returns of nearly forty percent over the years. Many of the people who are against the democratic ideology believe that the philanthropic efforts made by George Soros have deep-rooted political motivation.
However, the Open Society Foundation, an organization founded by George Soros does not only work in the United States but is involved in the charitable and voluntary causes in over 100 countries. It proves that any claims of Soros politicizing the donations are far from being true. He has helped numerous people and communities over the years and continued to do so without any expectations. It is primarily because he feels that he is one of the few blessed people on the planet who have the wealth and the resources that cannot be positively used all by him, and thus, needs to be used responsibly to help those who need it more. George Soros also continues to fight back against the Republican ideology of uprooting the democracy from the United States in a fraction and has been backing the politicians who support the same causes as him.