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George cuts $18 billion from his fortune to give to Open Society Foundations

November 19, 2017 - Author: steph - No Comments

George Soros is one man who has won the hearts of numerous people from across the globe for his philanthropic work and also attracted a significant number of critics, especially in the political arena. George Soros was born in Hungary on 12th August 1930. He and his family escape from his country during the Nazi Invasion of Germany. His father secured documents for George and his siblings, and they were allowed into the U.S. He enrolled for his education in some of the prestigious schools in the country. George developed a passion for entrepreneurship while he was still young. He engaged in various activities that would give him income to sustain himself in the U.S.

Many people like referring to George Soros as a notorious Hungarian-American entrepreneur, financier a philanthropist who uses his wealth to finance liberalists who advocate for government reforms and democratic processes. George came into the limelight in the 1990s when he broke the bank of England in just one night. He made a whopping one billion dollars in one night during the Black Wednesday England’s currency crisis. At this time, George was admired by a lot of people, especially other hedge fund managers who wanted to know the tactics he uses to invest his money.

Since then, George Soros has appeared consistently in the public arena for various reasons. Soros has been actively involved in politics where he has continuously supported the Democrats who he believes that they can take the country in a better direction. Besides, George Soros has been assisting organizations in other countries in Africa and Europe that fight for good governance and proper utilization of public resources.

George Soros channels his donations through Open Society Foundations. George founded the organization to help manage and regulate the way his funds are awarded to various groups and organizations. Besides leading the foundation, George also sits on the executive committee of the international crisis Group. At one point, George served a member of the board for the U.S. Council on Foreign Relations.

George has been into politics for a long time now. However, in all his activities, Soros has always advocated for peace and justice. He played a crucial role in the peaceful transition of Hungary from communism to capitalism system of governance. During this time, George offered a considerable endowment for the Budapest University in central Europe.

Later on, George established the Open Society Institute, which offered numerous programs for the European students. The programs offered by the institute played a significant role during the Rose Revolution. Currently, the Open Society Institute programs can be found in more than sixty countries around the globe. The Institute runs with an estimated annual expenditure of $600 million.

George Soros has undoubtedly left his mark on the business, and political arena. His philanthropic work can be seen in different regions of the world where it is positively impacting on the lives of people. George Soros is wise enough to know when to engage and when to withdraw, which helps him to stay ahead of the game. The majority of his winnings are dedicated to improving the vulnerable in the society and emerging nations. and more information click here

Categories: Business, Entrepreneur

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