According to the Forbes magazine in November 2017, George Soros’s net worth is at $23 billion. He is the 20th on the Forbes list of 400 wealthiest Americans. The billionaire made his fortune in 1992 by betting against the overrated British pound. He is the notable philanthropist in the world. He has spent million dollars to support organizations and individuals who are fighting for accountability by their governments, freedom of expression the promotion of equality in the society.
Soros’s philanthropic activities
He has achieved this by using his Open Society Foundations. The foundation has its offices in London, New York, Brussels, and Budapest. He has also provided tuition fee for thousands of promising students who have been denied their right to education basing on their race.
Having been born in Hungary in 1930, during the Nazi occupation, he experienced racial discrimination firsthand. He witnessed over 500,000 Jews massacred. His family survived the ordeal because they had forged identity documents that concealed their real backgrounds. They helped others to survive by assisting them to access those documents.
According to the Open Society Foundations, George Soros began his active charitable activities in 1979 by giving scholarships to blacks in South Africa who were enduring the apartheid regime. He also facilitated the open exchange of information in Communist Hungary by funding academic visits in the conflicting areas.
George Soros has provided $18 billion funding to his Open Society Foundations. This is according to the New York Times, 17/10/2017. It is the biggest investment made to a single foundation by a private donor. This move has made the Open Society Foundation to be the third biggest charitable organization in the US. It follows the Bill and Melinda Gates Foundation.
In 2014, the foundation also funded treatment centers for Ebola, funded the Roma art& culture and also helped fight hate crimes by donating $10 million after the divisive, closely contested 2016 presidential elections in the US.
His role in Politics
Soros has been the significant financier of the democrats for a while. In 2016 for example, he funded Hillary Clinton’s presidential campaigns. He also financed groups in 2004 with a view of blocking the re-election of President Bush, because he was not happy with America’s military activity in Iraq.
The organization supports human rights democracy in more than 120 countries worldwide. It aims at building liberal and vibrant democracies around the world. The organization has also put the focus on the United States by initiating programs that cater for the minority groups such as the immigrants, gays, and lesbians and also address the abuses caused by the police.
Fighting the most intractable problems remains the most outstanding ideal in George Soros’s philanthropic lifestyle. He emphasizes on the need of tackling losing causes.
George Soros is a symbol of liberalism. He is admired from all corners of the world especially by the nationalists who want to democratize their countries, create accountability in governance and also foster for the respect of human rights. and Follow him Twitter.com