The Amazing life of George Soros
Soros has highly supported the Open Society foundations by transferring a lot of wealth to these Foundations. The amount of money contributed by Soros, amounting to $18 billion has made the organization to be among the world’s largest philanthropic nonprofits. Open Society has branches all over the world which help support democracies and fight injustice and also discrimination. Over the current years, Open Society has an expense of around $14 billion. According to last year’s budget, Open Society have spent total of $1940.7 through its branches which are located all over the world in development, supporting economic governance, justice and human rights. According to his website which he wrote, he has succession in financial institutions and has given him a chance to be independent than any other person making him firm in controversial issues. He also mentions that it forces him to do so because no fellow was able.
The year 1970, marches when he became one of the most successful person in the history of this nation USA.On 7thNovember 14, 2017 Soros’ net worth was $23 billion as listed by Forbes as he was releasing the list of the 400 richest billionaires in the USA. This was a new record in the entire nation.Soros also donated $10 million to fight against crimes which occurred a few weeks after the 2016 presidential election in USA and was also a supporter Hillary Clinton who was democratic nominee. Soros has also participated in the world of philanthropy in which his donations to the Open Society Foundations which has pushed the foundations to be the second largest philanthropic organization in U.S, by assets. As reported by the media, one of the richest men in the world holds him hand in his philanthropy work. His work in philanthropy begun in the year 1979 and gave scholarships to South Africans considering those who were black.
The transfers Soros made make him to be known as an investor, which can be taken as his career. According to Wall street journal, Open Society stands to be among the top ranked philanthropic organizations, taking the second position in the US in terms of assets after the Bill and Melinda Foundations as per the figures highlighted in the National Philanthropic Trust.Soros now aged 87,has transferred some of his funds to his investments to make sure even the time he passes or he retires his activities continues. IT is according to Open Secrets that about $6 billion is the amount of money known to have been spent by all parties from all races in the 2016 election.Soros is one of the most ever known philanthropists who gave more than $32 billion from his wealth and investment to fund work of Open Society Foundations all over the world.Open Society have also supported individuals in and organizations globally who/which fight against injustice, inequality, bad governance and where freedom of expression is hindered. He is a funder member of the Central Africa University, famous known for its performance in social sciences.