George Soros; Making a Difference through philanthropy

Born in 1930 in Hungary, George Soros escaped persecution from the Nazis and went on to get a Bachelor of Science in Philosophy from the London School of Science and Economics. In 1956, George Soros emigrated to the United States of America and joined the financial sector. In 1970, Soros founded his hedge fund where he was an angel investor providing capital for business startups usually in exchange for equity or convertible debt. George Soros is now a prominent billionaire hedge fund manager, author, businessman and philanthropist. Businesswise, George Soros has made some high bets on stock markets that have seen him gain billions of dollars. In 1990, George Soros bet against the British pound. This saw George Soros earn a little over a billion dollars. George Soros also went on to bid during the Asian financial crisis.

George Soros began his philanthropy in 1979. His first initiative in the 1980s was providing scholarships to black South African kids whose education had been affected by apartheid. Soros then went on to create the Central European University after the fall of the Berlin wall. The primary aim of this university was to foster critical thinking. Soros is a great advocate for the rights of all humans and democracy. Many of his donations go towards ensuring a better life and equal rights for everyone. More than 30 years ago, George Soros founded Open Source Foundation; a collection of foundations that contributes to humanitarian projects in over 120 countries all over the world.

The Open Source Foundation, with George Soros as its chairperson, has seen too many humanitarian acts. Over the years, the Open Source Foundation has seen to the funding of charitable causes like the Ebola treatment centers and the setting up of art and culture centers. Over the recent years, George Soros, a major Democrat donor has focused most of his philanthropic efforts and those of Open Source Foundation towards the United States of America. Open Source Foundation has funded campaigns for the legalization of gay marriages and the rights of the LGBTQIA community. After the 2016 election, a wave of violent hate crimes hit the United States of America.

After the spike in hate crimes, George Soros pledged $10 million to the Open Source Foundation. The money was dedicated to the prevention of such hate crimes. Over the years, George Soros has donated more money to the Open Source Foundation. His contributions averaged $800 million to $900 million annually but have gradually grown up to roughly $18 billion over the past few years. According to the New York Times, the humanitarian footprint of the Open Source Foundation has been left in every part of the world. Every country has benefited directly or indirectly from the Open Source Foundations, and the ripples of the organization can be felt worldwide. Aside from the Open Source Foundation, George Soros also contributes to other organizations and movements that align with his principles. He has helped individuals and communities at large in realizing their goals in the various aspects of life.

Read More : www.forbes.com/profile/george-soros/