George Soros, billionaire investor, and one of the few men who tops the list as the most generous philanthropist donated $18 billion dollars to his Open Society foundation. With this transfer, Open Society is now one of the richest foundations, and second behind the $40 billion Bill Melinda Gates Foundation. According to Fortune magazine, this transfer represents a large chuck of his wealth, and is one of the biggest benefits of any private donor to a single foundation. Many are speculating what Soros plans to do with such a large injection of cash and what does this mean.
Soros attained special recognition through a major financial bet; in 1992 he speculated successfully against the British pound, which is known today as Black Wednesday in Europe. Forbes magazine estimated the assets of the 87-year-old billionaire most recently to be around $23 billion dollars, and his past charity donations have all been immense sums, estimated to be up to $14 billion since 1979.
Born in Budapest in 1930, the guru investor, who emigrated in 1947, first to the UK and 1956 in the USA, began a stellar Wall Street career. He escaped communist Hungary to the UK, and began studying at the London School of Economics. He earned his BA in 1951 and a Master of Science in 1954. Specializing in European equities, he emigrated to the U.S., and joined Wertheim & Company in 1959 as an analyst. In 1963 he became Vice President at Arnold and Bleichroeder, and in 1973 he founded the famous Quantum Fund. For nearly two decades, George Soros managed annual returns that were above 30 percent.
His stellar career has been marked by diverse roles. He’s followed his lifelong passion of advocating for equal access, as well as a list of philanthropic efforts on various other game-changing advances, like life sciences.
Soros established Open Society, a global grant-making foundation in 1979. Soros is a major contributor to liberal and democratic causes, and his organization advocates primarily for democracy, justice reform, human rights, and U.S. Policy. The foundation’s 2017 budget was more than $1 billion and included funding for early childhood, several other educational programs, and grants to institutions.
George Soros has opened offices around the globe in more than 130 countries, and has philanthropic dealings in everything from helping South African college students at the University of Cape Town to helping the European immigration movement. He continues to push equality for all. and Follow him Twitter.com