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The All Time Philanthropist, George Soros, Donates $18 Billion To The Open Society Foundation

Billionaire and human rights activist George Soros is no stranger to global headlines as he has single-handedly managed to impact the world enormously. His donation of $18 billion, as announced by the Open Society Foundation on October 17, 2017, has made the society the second biggest philanthropic organization in the United States, after Bill and Melinda Gates Foundation.

Early 2017, Forbes Magazine went ahead and ranked Soros as the 19th wealthiest person in the world and the 19th on the 400 Richest Americans. His net worth is estimated at $25.2 billion. George Soros has dedicated his time and resources to advance the work of the Open Society Foundation.

He founded the Open Society over 30 years ago to promote democracy and guarantee human rights to all without biases. He got the name from a book he came across during his studies at the London School of Economics. The book, ‘Open Societies & Its Enemies’ written by Karl Popper shared Soros philosophy of democratic governance, freedom of expression and respect for people’s rights.

He traveled and made huge donations to society to enable it to achieve its goals. It was also announced that Soros’ donation of $18billion to the Open Society resulted in him giving away a total of more than $30 billion of his own fortune. Furthermore, he has made efforts in other fields to assist people from all walks of life, apart from being involved in the foundation.

They include: promoting peaceful democratization, providing scholarships to thousands of people with a promising future, forming the Central European University in Budapest, and endorsing various groups such as those representing Europe’s Roma people, drug users, sex workers, LGBTI people; just to mention a few.

He has also supported other private organizations such as the Global Witness, the International Crisis Group, the European Council on Foreign Relations and the Institute for New Economic Thinking.
George Soros has a humble and philanthropic past. He was born in Nazi-occupied Hungary in 1930. Soros, his family, and a few other people managed to cover up their background enabling them to flee the country. Soros went to London in 1947 where he worked part-time as a railway porter and a nightclub waiter while during the day, he attended the London School of Economics.

In 1956, he immigrated to the United States and joined Wall Street, where his fortune came from. In 1970, he master-minded the Soros Fund Management, hence became one of the most successful investors in the United States.

George Soros has been very eloquent when addressing issues that are close to his heart. His devotion to battling issues that are deeply rooted in many societies shows exactly where he stands. He once wrote that his success in investment market has given him more independence than the average person. He, therefore, uses his power and independence to foster a more equitable and democratic environment for people from all backgrounds to live.

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