Recently, the Open Society Foundations made it public through the charity’s spokesperson that its founder George had transferred a bulk of his fortune to the organization. The Wall Street Journal documented the move touting is as one of the most prominent acts of charity from an individual. Over time, George Soros has silently transferred his fortune to a tune of $18 billion to the fund. The Open Society Foundation has grown in size and scope establishing its presence in over 100 nations across the world. Some of the initiatives the organization focuses on include refugee relief, civil rights protection and provision of quality education to marginalized students across the globe.
So far, the wealth that George Soros has transferred to OSF amounts to nearly 80 percent of his total net worth. According to a recent tally by Forbes, George Soros’ fortune stood at $23 billion. Having transferred $18 billion to the management of the Open Society Foundations, the billionaire is now ranked as one of the kindest persons in the world. Soros’ recent act of charity has boosted his portfolio in philanthropy making charity the second most significant non-profit institution after the Bill and Melinda Gates Foundation.
Soros entry into philanthropy dates back to 1979. This happened after he had launched the Soros Fund Management, an investment vehicle that catapulted his position in the corporate world as one of the most prominent high-net-worth individuals. According to the biography on his official site, George Soros has donated over $12 billion within four decades.
Some of George Soros’ earliest involvements in philanthropy include the aid he provided to black students in South Africa who were affected by the Apartheid rule in the country. During the Cold War, Soros facilitated the acquisition of printing machines and other devices to the communities in Eastern Europe. The devices helped the communities to reprint information that had censored by the communist administrations.
George Soros is primarily social entrepreneur. His contributions to the expansion of democratic space across the globe can never be overemphasized. The billionaire believes that societies can realize their full potential if they uphold democracy, justice for all and accountability. Currently, Alexander Soros, the son of the billionaire is the one who is in charge of the day-to-day operations of the Open Society Foundations. Alexander together with his sister Andrea Soros has followed in the footsteps of the dad in trying to make the world a better place. George Soros has done a lot to ensure that the United States governments are held accountable so that their citizens can benefit.
As the world contends with the adverse effects of climate change, wealth gaps, and other challenges, George Soros has remained on the frontline in ensuring that communities get the leaders they deserve.
To Read More : twitter.com/georgesoros