Billionaire Gorge Soros $ 18-billion-donation to the Open Society Foundations might not have been a good idea after all. The donation which is ranked one of the biggest ever to be donated to a private organization is believed to have the dire aftermath. Mr. Gorge Soros did this donation based on his net worth, and this has just earned him a major pull down along the Forbes list.
Before the Donation
According to Forbes, Soros had an estimated net worth of $23 billion just before he transferred the huge amount to the Open Society Foundations. In 2017 just a few hours before Forbes had compiled a new list, Soros was in the 20th position among the richest individuals in the US. The $18 billion-donation, when accounted for after the report had been made, Soros was moved down to the 59th position out of the richest people in the US. Currently, Forbes reports that Soros only have a total net worth of $8 billion. This was after he had again transferred another $15 billion gift to his foundations.
About Gorge Soros
George Soros is the manager and the founder of the Open Society Foundations. The Open Society Foundations was founded and launched 30 years ago by Soros, to advocate for the rights of the people in the US and other parts of the world. Gorge Soros is a magnate Businessman and an investor who is known for his great business and managerial skills. The 87 years old, who is also one of the richest individuals in the US is also known for major philanthropic donations to various organizations. Gorge Soros is a Hungarian-American who is currently working on improving his Open Society Foundations, and contact him.
Soros is known as a political-minded individual who can do anything possible to support his political interests. For instance, in 2016, Soros supported Hillary Clinton’s campaigns. However, the political support that Soros accorded to Hillary Clinton placed him quite perfectly before the Republican critics. It is also worth mentioning that Soros was moved by the fact that some Americans were facing after-election violence and that their lives were in danger. Soros contributed some amount to ensure that people’s lives are protected by the law enforcers.
The Root of Soros’s Philanthropy
Soros in his initial age lived in Nazi-occupied Hungary is a lad. Since he was not impressed with the governance in his location, Soros moved from Hungary to London, and then to the United States of America. It is in the US where Soros found some success on the Wall Street. Soros is also remembered as the one man who managed to break the bank of England in 1992. This is because he made a bet with an estimated amount of $1 billion against the British Pound.
Mr. Gorge Soros is mostly known as someone who is soft and kind-hearted. He is currently supporting some foundations that are looking to ensure that the people’s rights are not violated. His Philanthropic heart is inherited as his parents also were great donors to the society, and read full article.
More Visit: http://www.forbes.com/profile/george-soros/