Many people who now Mr. Soros are aware of the fact that his philanthropy efforts are rooted in his past. Having lived in the Nazi-occupied region of Hungary as a boy, Soros emigrated to London then later the United States, in which he became successful on wall street. What brought Soros mainstream attention is an incident that happened in 1992. In that year, Soros made a bet against Britain’s currency, the British pound. His stake amounted to $1 billion. His move to bet against the pound led to the devaluing of the money by the government as Soros was aggressively selling the British pound. The events that took place later earned Soros the nickname of the man who broke the bank of England and what George Soros knows.
With time Soros fortune significantly grew, with this wealth, he decided to fund various rights causes while at the same time promoting democracy. In 1984 Soros was able to establish the first open society foundation based in Hungary. By doing so, Soros emulated the principle of philosopher Karl Popper’s book ‘the open society and its enemies’ in which popper championed for the right of democratic governance, the freedom of expression not forgetting the respect for people’s rights and George Soros lacrosse camp.
In today’s America, Soros is regarded as one of the country’s biggest donor for the Democrats. In 2016 alone, he made significant donations to the then-presidential candidate Hillary Clinton. During this electioneering period, Soros donated millions to various political action committees while at the same time opposing Donald trump. He also supported numerous Democrat candidates and their agendas. Other than that, during the Americas 2016 presidential election, Soros made a massive bet that Donald Trump would lose the election and learn more about George Soros.
For the past several decades, Soros has been making substantial donations to the open society foundations on a yearly basis. He has been donation an average of $800 to $900 million to this organization every year. All this changed a few years back when he started increasing the contributions to this foundation as part of his estate planning. This has brought the value of the donation to the open society foundation this year to $18 billion. The first media outlet that released this figure to the public was the wall street journal. More information on this can be found on the New York Times.
In the coming years, Soros is expected to make donations equivalent or slightly more than $2 billion to the open society foundation. It is a known fact that no foundation in the world, not even the ford foundation, has had a substantial impact on the world as we know it today. The open society foundation has been able to achieve a lot over the past twenty years, a sentiment shared by Darren Walker, the current president of the Ford Foundation. The evidence that supports this notion comes from the fact that there is no region in the world the open society foundation hasn’t gone to and helped improve human rights and championing for democracy. Soros is committed and will continue to be while overseeing the work his foundation. Soros wishes that the foundation impacts the world positively bringing the much-needed change and Follow him Twitter.com.