George Soros is one of the billionaires to have ever lived. He donated $18 billion of funds to Open Society Organization, which is a humanitarian organization. This contribution reduced his net worth. Before the transfer of this funds to the charitable organization, George Soros had an initial net value of $23 billion according to Forbes rating. Just before he donated the $18 billion funds to the charity, Forbes had released a top 400 richest list where he was ranked 20th in America. After the donations, the new Forbes list after taking into account the $18 billion contributions ranked him 59 riches in America which pushed him 39 steps down.
Wall Street Journal was the first journal to publish about George Soros $18 million shift. He built one of the most significant wealth globally via trade. Laura Silber, the chief communication officer at open society foundation, confirmed that indeed assets worth $18 billion had been transferred to the charitable organization as per George Soros plans. The funds had the sole purpose of impacting positively in the way the group works as outlined by the chief communication officer. Also, Silber added that they are going to carry out functions as per the needs and opportunities around the world with the primary purpose of advancing justice, human right, and democratic practice.
Open society foundation has given its support to people and organizations around the world to help to fight for freedom of expression, and promoting justice and equality within members of the society. Also, his formidable foundation has provided school and university fees for thousands of student who in the past have been faced with poverty, and more information click here.
In May, Soros fund management hired dawn Fitzpatrick as the first female investment officer. She is to manage the donated cash and give reports to the foundation investment committee.
Open society foundation is widely known for its enormous philanthropic work. It has given its support to several programs worldwide such as refugee relief and boosting public health. The organization fights for the immigrants’ rights, Roma children living in Europe and providing support to liberal causes, and his Website.
George Soros enormous wealth is because of his participation in hedge fund business. He is eighty-seven years, and in the recent past, he has participated mainly in philanthropic work. George Soros was born in Budapest to a Jewish family. He is a survivor of the II World War after he escaped communism in the year 1947. George Soros relocated to London and enrolled himself in London school of economics. He received a bachelor and master of philosophy from the college. During school days, George Soros worked as a railway reporter and waiter. He started his hedge fund business in New York with a total of $12 million funds. George Soros played a critical business role in Wall Street. His first time to appear in Forbes list was thirty years ago when his net worth was $300, and since then he has remained on the list. He is remembered globally as a real philanthropist for his massive donation to charity. He is the initial founder and the sole financial supporter of central European University in Budapest, and https://www.nytimes.com/topic/person/george-soros.