George Soros of Budapest Starts Open Society Foundations to Help the Less Fortunate

Amidst large donations towards charity through the Open Society Foundations, some individuals have painted Soros as a man full of conspiracy theories following his massive wealth. Soros has been an active philanthropist and political supporter of Democrats. The $ 25 billion worth asset holder first rose on the political scene through his hedge fund in the early 1990s. In 2014, he was the center of attention when he donated money to groups that were geared towards accelerating the failure of President George Bush in his bid for a re-election. Soros’ grand entry into politics was linked to his campaign against the Iraq war. Consequently, most people concluded that Soros had a negative influence in the political arena.

Defending Iraq

Soros’ character was first attacked when he initiated the conservative was against Iraq propaganda. According to Michael Vachon of Soros Fund Management, the scenario marked the beginning of Soros donations towards the support of organizations that support reforms implemented by Democrats. He has since continued to donate significant amounts of money in a bid to support the Democratic reforms. His large donations have led others to think that he has conspiracies.

Read more: http://www.investopedia.com/university/greatest/georgesoros.asp

History

Soros was born in Hungary. He is an American entrepreneur, philanthropist, and political donor. Throughout his life in Hungary, he experienced hardships through the Nazi regime. The war left more than 500,000 citizens lifeless. In 1947, the communists took over leadership in Hungary leading to the relocation of Soros. Soros moved to London for education. He later migrated to the United States of America and invested in financial markets. Soros journey of philanthropy began in 1979. He started his initiative by giving scholarships to the citizens of South Africa. This was during apartheid. A year into his first initiative, Soros promoted the exchange of ideas across Hungarian Communists. Read more about George’s life story at biography.com

Open Society Foundations

The Open Society Foundations was initially known as Open Society Institutions. George Soros established the organizations after a successful track record of performance in the management of Hedge Fund. Open Society Foundations is an initiative based on the understanding that the world is not perfect and that everyone’s differences should be embraced. According to Soros, imperfections can be improved. He initiated the project through starting education support by providing scholarships. Through Soros, the Open Society Foundations has been able to help individuals as well as organizations across the world in fighting corruption, fighting for freedom, transparency, equality and governance. Soros’ donations have mainly focused on people facing discrimination based on their personality, culture, sex, preferences and beliefs. In 1993, the Open Society Foundations donated over $10 million towards a humanitarian belief in Yugoslavia and Sarajevo. The project was based on helping the residents with electricity and clean water for drinking. Soros has since contributed to all positive causes across the world. Read his profile at Forbes.

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