George Soros- Supporting democracies in the world

George Soros is among the world’s wealthiest personalities. His net worth is estimated to be about $23 billion. One of the things that George Soros does with his money is donating. He is among world’s biggest philanthropists. It is estimated that he has donated about $18 billion to his philanthropic foundation known as Open Society Foundations. According to media reports, this amount makes his group the second largest philanthropic foundation in the United States. George Soros is now 87 years old. He is the head of a hedge fund firm known as Soros Fund Management LLC. Although the Open Society Foundation has been operating for a very long time and controlling billions of dollars, in recent times, George Soros has increased his transfers to the group.

According to the motto of the Open Society, their aim is to create tolerant and vibrant democracies all over the world. Open Society Foundations was started in 1979 and since then, George Soros has donated about $14 billion. George Soros who was born in Hungary made a breakthrough in 1992. In the financial market, he took a bet against an overvalued pound that paid him handsomely. George Soros is among the vocal supporters of liberal causes in the world. He makes huge contributions towards campaigns of various nominees for presidential candidates. Read this article on Politico about George.

Recently George Soros has hired Dawn Fitzpatrick as the chief investment officer for Soros Fund Management which is based in New York. This is the same management group that oversees the financial operations of the Open society Foundations. Dawn Fitzpatrick was the former asset management executive at UBD Group. Open Society Foundation comes second after the Bill and Melinda Gates Foundation which is the biggest in the United States. Bill and Melinda Gates Foundation is estimated to have over $40 billion in endowment funds.

George Soros donation to the Open Society is the largest donation by a single donor to a single foundation. His donations through this group have placed George Soros at the center of heightened social and political discussions that have been going on in the world. Open Society Foundations has a presence in over 120 countries. The foundation has been promoting democracy and human rights with a view of making the world a better place. The foundation has also heightened its operations in the United States with recent activities being focused on protecting the rights of the gays and lesbians as well as the fight against police brutality. Read his profile at Business Insider.

Apart from the political aligned donations, the foundation has also carried out other activities such as donating in support for the fight against Ebola, protection of Americans against hate wave after 2016 general elections and supporting center for Roma art and culture. George Soros gave out $10 million to prevent violence that could have been orchestrated by the hate wave that was seen after the elections. His operations have touched the lives of so many people in the world. There are a lot of democracies that have been shaped in the world because of his influence. At the age of 87, he is making the world better in the best way that he could, and that is through supporting activities that work for the people.

View: https://www.theatlantic.com/magazine/archive/1997/02/the-capitalist-threat/376773/