George Soros, the billionaire with a golden heart

George Soros is a name that is widely known by American citizens due to his involvement in American politics, business and also due to his works of philanthropy. The eighty-seven-year-old Hungarian American man has lived long enough to know that the only way to make the world a better place is through giving back. He is one of the wealthiest men in America and has even made it to the Forbes list and ranks on the top positions. Nonetheless, George Soros is not one of those lucky go fellows, and he had to work hard all the way to success as he once had to work as a waiter and railway porter so he could afford to finance his education. However, that does not deter him from giving back to the society. According to the open society foundation website, Soros has given more than 32 billion dollars to charity, and he is a well-known supporter of charitable organizations. He is also known for his fight against injustice and is a champion of equality. George Soros aims at making the world a better place by ensuring that even the less privileged have access to better education equal job opportunities. That explains why he is actively involved in politics.

According to Forbes, Soros is the twentieth richest person in America with a net worth of about twenty-three billion. However, being given the prominent position on Forbes did not stop Soros from giving away eight billion of his fortune to charity which caused him to drop to the 59th spot of America’s wealthiest persons. According to the chief communications officer of the Open society foundation Laura Silber, the massive donation will go a long way in assisting the organization to achieve its objectives which include advancing for justice and equality in the world at large. Through the open society foundation in which he is the founder, Soros has achieved significant milestones because the organization funds other foundations which also have the same mission as the open society. He has also helped different continents such as Africa and Asia significantly through the foundation. For example, it has funded myriads of refugee and also immigrant charity organizations such as the Roma Children.

Even though most of us can see that he has the right intentions, the eighteen million donation did not go unnoticed by critics. According to a news article by the New York Times, some people claim that the move was aimed at reducing the taxes which he would be charged if the fortune continues to be in his ownership. Reason being, donations to charity organizations only get a deductible tax of approximately 30%, and according to a report by Forbes, some people even went to the extent of holding Anti- Soros protests. Born and raised in Budapest, George Soros has had a long way coming as he was also caught in the middle of world war ii and being a Jewish meant that he faced all the wrath coming from the Nazi government. His success comes solely from his hedge fund, and he can thank his prowess in finance economics to his bachelors from the London School of economics. Soros also holds a master in philosophy from the same institution. In addition to his charitable acts, George is also a well-known author, and he writes on different topics such as politics. and Follow him Twitter.com