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George Soros Gives $18 Billion to Open Society Foundations

George Soros, who made his mark in the world of Finance, has transferred about $18 billion to fund open society foundations. This brings his lifetime donations to human rights organization to $32 billion. This makes his foundation one of the largest in the world in the area of human rights.

This also makes the Soros’s Open Society Foundation the third largest on earth, surpassed only by the Wellcome Trust and the Bill and Melinda Gates Foundation. Officials of the Foundation said that the wall street investor had decided to increase the pace of his donations from the proceeds of his hedge fund, which has been quite successful. This latest donation represents the bulk of his fortune, which is estimated to be worth about $23 billion.

What is Open Society?

Open Society is a global organization that promotes vibrate tolerant democracy all around the world. Since its formation in 1979, it has given about $14 billion to organizations all over the world that promote democracy.

How Soros Made His Fortune

Soros made his fortune by betting against the British pound. This was after it crashed in 1992 from the European Exchange Mechanism. He has always been a vocal supporter of liberal democracy.

Soros also played a crucial role in the Hillary Clinton 2016 campaign for the presidency. This donation has been made in the midst of a row with Hungary, his home country, about the press and academic freedom in the country.

Soros’s Troubles with the Hungarian Government

Recently, there was a lot of criticism after a website, run by an ally of conservative president Victor Orban, published a list of journalists who it claimed were Soros’ agents. The criticism was global, and the US charge d’affaires David Kostelancik commented on it. He said the move was dangerous both to those named and it was an attack on the freedom of the press.

Orban has in the past said Soros is a threat to national security. He has even gone ahead to call him a public enemy. This was due to the support that Soros has provided to Muslim immigrants to Europe escaping civil strife.

The Hungarian government is currently engaged in a legal standoff with the Central European University based in Budapest, which Soros founded. The rector of the university has accused the Hungarian government of trying to strangle it by failing to sign an agreement that would allow the university to continue its operations in the country.

The rector has said that the government has made a deliberate effort to keep the university in legal limbo to suit their own biased needs. He said the government had resorted to constantly shifting the goalposts every time they solved the issue.

However, the Hungarian government said that it simply wanted to level the playing for domestic and foreign universities. However, the chief of staff of the Hungarian president said that the recent move by Soros to support Muslim immigrants into the country has affected the relationship between the government and CEU. and Follow him

George Soros Philanthropy

George Soros is a Jewish philanthropist and liberal political believer. He is renown business guru and charity activities financial supporter. He was born Hungary in 1970 and went to London business school to do a degree in Economics and masters in philosophy. He is a successful investor and the founder of Open Societies Foundations in New York. George Soros is a wealthy philanthropist and was listed among 30 billionaires in the world by Forbes magazine.

He founded Open Societies in 1979 to create tolerant, vibrant and human rights focused democracies in the world. The justices system should be open and avoid dictatorial leadership and governance. Since its inception, it reached to 10000 million people directly and voted as a third most significant charity in their world. It is the primary donor behind Wellcome Trust and Melinda and Gates foundation which focuses on improving healthcare in developing countries. He used his first profits to start Soros fund to support charity activities. He funds the organization through hosting annual fundraising events across the continent. He transferred $18 billion to the foundation to ensure sustainability of his political activism ideologies while he is alive or when he is no longer able to oversee the activities of the association.His donation of 1.8 billion to Open Society Foundations is ranked as the highest support given by an individual to an organization.

Mr.Soros advocates for constructive conservative ideologies for social political spheres across the global. Through the Open Societies Foundations, he has been advocating for human rights and democracy for thirty years in 120 countries in America, Europe, Asia, and Africa. Also, the organization is focusing on reducing abuses perpetrated by police and protection of Gays and lesbians right.

In regards to protection of human rights  social justices, the foundation works with civil society in Eastern Europe and Ohio to eliminate the second form of injustices to Africa America citizens. In 2014, his organization was very critical in the fight against Ebola outbreak. The fund supported sheltered lives, further disease outbreak and mitigated against future Ebola outbreaks.

In America political sphere, he is keen to support political activities. He supports democratic, and in particular, he helped Hilary Clinton in her bid to contest for president post in the United States of America.

Also, he believes in equality and protection of a human right; he supported muslims, immigrants, to be able to travel to Europe through open border policy. Also, to protect human life, John Soros supported anti-abortion campaigns in Ireland. Recently, the organization funded black life Matter Movement campaigns in the US after elections by opposing Donald Trump ideologies of black people and refugee

In 2016 United States general elections, there were many political crimes committed termed as “National Waves of Incidences” which was perpetrated through hate speeches. George Soros offered 10$ billion to address and curb such crimes.

The impact of George Soros foundation is widespread across the globe; it is holistic empowerment and sustainable. He is fortunate managed by his family members who also oversee the operations of the Open Society Foundation Programs.