George Soros is acknowledged globally for the level of commitment that he has shown in supporting the discriminated and less for fortunate people. He has given a significant percentage of his wealth to charity, and this has made him be listed among the United States’ most philanthropic persons. Soros is wealthy and has accumulated billions from the hedge fund sector. He has devoted himself to making contributions towards organizations that defend democracy and human rights. The liberal billionaire recently gave $18 billion to help in expanding the charity activities of the Open Societies Foundation. He is the chairperson of the organization, which is now ranked as the world’s second-largest philanthropy. The billionaire’s donation is the second largest that has ever been made by one individual to a foundation. The Open Societies Foundation has played a significant role in transforming the world since its establishment in the 1980s. It has now opened offices in about 120 nations where it runs its activities.
The Open Societies Foundation has engaged in a couple of the undertakings that aim at bettering the lives of people. The organization facilitated the development of treatment centers to address an Ebola outbreak that occurred in 2014. Soros has also made financial donations to support the Democratic Party. In 2016, he funded the election campaigns of Hillary Clinton by offering millions of dollars to various PACs that helped her. The philanthropists also facilitated the re-election of President Barrack Obama. George Soros’ unwavering support for the Democratic Party has made him be criticized by the Republicans. The Open Society Foundation has been gaining more interest in the United States since Donald Trump became president. It believes that Trump’s administration is being unfair to minority groups such as immigrants.Soros’ passion for supporting democracy and human rights was inspired by his childhood. He was raised in Hungary at a time when the Jews struggled to survive due to the oppression that they faced from the Nazi people. The Nazi Occupation led to the death of thousands of Jews.
Soros completed his degree in finance in the United Kingdom and later started a career as hedge fund manager. In 1992, the Bank of England paid Soros $1.5 billion after he won a currency speculation deal. Soros short sold the British pound, and this led to its devaluation. He has currently spent more than half of his wealth supporting human rights and democracy. The Open Societies Foundation’s first offices were opened in Hungary.George Soros’s charity foundation currently has an annual budget of the approximately $800 million to $900 million. The organization now has the power to help more people since it has received an extra $18 billion from him. He also plans to offer an additional $2 billion in future. The work that the Open Societies Foundation does has been acknowledged across the world due to the impacts that it has on the lives of people. Soros has ensured that less fortunate people’s voice is heard and has also been encouraging the formation of transparent governments.