George Soros is a self-made billionaire who came from humble beginnings in Budapest, Hungary. He grew up in the Nazi colonized nation and knows how it feels to live in a closed society. He left his homeland in 1947 and went to London, then settled in the United States where he made fortune on Wall Street. He was the man who bet $1 billion versus the British pound in 1992, and since then has been dubbed as “the man who broke the Bank of England” due to his uncompromised vending of the British pound causing its devaluation.
As he became more prosperous, Mr. Soros channeled his efforts in endorsing human rights and democracy by founding the first Open Society Foundation in Hungary in the year 1984. The foundation’s name came from Karl Popper’s “Open Society and Its Enemies”, a book that contains his ideas on free expressions, respect for human rights and democracy in government. With his immense wealth, he has financially backed known Democrat political figures like Hillary Clinton along with other Democrat candidates and democracy causes. Unbeknownst to many, he financed his Open Society Foundation by making past yearly donations in the amount of $800 million to $900 million. But in the course of the past couple of year he increased his subsidies for the foundation, which amounted to around $18 billion in 2017. And it is expected that he will be adding another $2 billion for the incoming years.
The Open Society Foundation has been known to protect people in the United States from hate crimes, especially the gays and lesbians, and has literally funded Ebola treatment facilities during its outbreak in 2014. The hate incidents according to Mr. Soros, which have been stimulated by the past election must be stopped, thus he committed $10million to find means and ways to thwart the occurrence of the said violence.
Although there has been an increase in the funds donated by Mr. Soros yearly to his beloved foundation, its incoming president, Patrick Gaspand, has explicitly stated that there will be no increase in the grants and donations that it has previously doled out because the foundation has already given out more than the law requires.
Since the Open Society Foundation’s inception, it has garnered quite a reputation for leaving a huge influence around the globe. Its scope is even wider than the Ford Foundation since it made gainful changes within the world’s social justice foundation. To date, it is the second largest foundation in the United States next to the Bill and Melinda Gates Foundation.
George Soros’s political views are very transparent and he lets people know his actual stand on such matters. His donations of big sums of money in support of his chosen political candidates have made him a target of criticisms but he never wavered from his views. With this kind of stance, Soros is certainly making a name for himself, which places him in the limelight of political and social debates for years to come.
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