According to a Fortune magazine article written in the “Leadership/Philanthropy” section, billionaire George Soros has given a large percentage of his entire net worth to Open Society. Open Society was founded by Soros in 1979, its main goal is to provide resources to help fight injustices in connection with discrimination and suppression of democratic freedoms. Soros is known for his donations to democratic causes, namely supporting Hillary Clinton in her bid to become President of the United States. George Soros was not dismayed by the results, he took immediate action to continue the fight to keep democracy functioning for the people. Following the election, Soros donated $10 million to further the scale of accountability for hate crimes. His single donation is one for the history books. In regards to philanthropic giving, it makes Open Society one of the single largest nonprofits in the world today.
Open Society in its 38 years has been facilitating grants to different regions in the world, totaling over $14 billion. In 2017 alone, Open Society has a $940 million budget. As far as George Soros sees it the global ingredient to continue fighting against economic injustices, human rights and democracies is to provide funding. On his website, Soros explains why he uses the bulk of his wealth for philanthropy. In fact, supporting democracies around the world has always been high on his list to assist humanity. He states that he’s been fortunate enough to have financial success, “This allows me to take a stand on controversial issues: In fact, it obliges me to do so because others cannot.”
At 87, George Soros shows no signs of slowing down. He remains active in hedge fund investing and continues to monitor the changes in the structure of the changing political flow in Washington, DC. On its Twitter feed, Open Society announced the donation by George Soros. And also on the page, readers can learn more about the foundation’s global efforts to protect citizens in worldwide regions. When Forbes magazine recently released its annual list of the 400 wealthiest individuals, Soros was entered as having a net worth of $23 billion.
For George Soros and Open Society there’s no such thing as “good enough.” Every since Soros decided to start his philanthropic organization, the nonprofit foundation has been steadily growing since its inception. Initially, Soros began his philanthropic work in South Africa. After making a great deal of money in his investing, Soros decided that he had enough money and it was time to assist others. The Open Society seeks to help citizens in impoverished regions that have been deprived of basic human rights or denied democratic choices. As the years have gone by, Open Society has evolved and now helps those involved in any type of struggle, such as gay rights and racial injustices. In 1969, Soros started building his fortune as a hedge fund manager, with his own business, Soros Fund Management. That business is now privately run by his family members. and Follow him Twitter.com