George Soros grabbed the headlines by donating a whopping $18 billion to his Foundation, widely known as the Open Society Foundation. The enigmatic billionaire captures the headlines now and then, but his total donation has undoubtedly gone down in history since it is one of the largest donation ever made by a private philanthropist to a single foundation.The donation is second to the Bill and Melinda Gates Foundation and has been dispersed behind the scenes over the past few years. Furthermore, it has undeniably placed Soros at the center of controversy based on his conservative opinions on various political and social matters.Founded over three decades ago, the Open Society Foundation is deeply entrenched in over 120 countries with a keen emphasis on the promotion of democracy and human rights. However, the Foundation has been much more vocal in the U.S compared to other nations based on its staunch support of programs dedicated to protecting lesbians and gays as well as bringing to light police abuse.
Since its formation, the Open Society Foundation has become synonymous with funding treatment centers brazing the 2014 Ebola outbreak with massive success as well as protecting U.S citizens in the wake of widespread hate incidents. In the wake of such hate crimes, George Soros deemed it necessary to donate $10 million to combat the violence. According to Soros, there was a need to place adequate emphasis on dark forces that culminated from the election period.As a Democrat benefactor, George Soros has been known to fund Hillary Clinton’s campaign as well as other promising Democratic politicians. However, such donations have been at the receiving end of a political backlash from Republicans and their like-minded followers. For instance, a conservative website called Breitbart recently questioned Mr. Soros’ motive in making Ireland a “pro-abortion state” while holding significant influence in European nations.However, supporters have not hesitated to support Mr. Soros on more than one occasion. For instance, Eileen Heisman, the chief executive of National Philanthropic Trust recently hailed Soros’ pragmatic approach to various issues of political and social concern.
George Soros’ rise to fame and wealth is undoubtedly a rags-to-riches story. As a young boy, Soros fled Hungary in the wake of the Nazi evolution to seek asylum in England. While in England, Soros painstakingly put himself through Business School and worked several jobs at a time before grabbing the headlines for the first time in 1992. By aggressively selling the currency the British pound, Soros earned the title of “the man who broke the Bank of England” after placing a $1 billion bet against the pound.
What the Future Holds For George Soros
Having been closely involved in the Open Society Foundation, George Soros is expected to donate an additional $2 billion to make significant progress with the Foundation. According to the Soros Fund Management, the billionaire donates at least $900 million annually to sustain programs and grants of various magnitudes. While pulling strings from the shadows, George Soros intends to fend off criticism after funding several learning institutions in Hungary. As of now, George Soros surely has some unfinished business to tend to worldwide.