George Soros is exceptionally one of the world’s greatest and most influential financial leaders in history. George Soros is a strong supporter of Democratic candidates and liberal causes. He’s financially supported the Black Lives Matter movement and the Women’s March. Most recently he has gained notice for making an $18 billion dollar contribution to his foundation the Open Society Foundations. Wealthy men like him are making donations like this as a way to reduce massive tax bill that he faces in 2018. Soros had until the end of 2017, to pay taxes on fees made from offshore funds. Soros and others like him have made charitable giving in hopes of offsetting the tax bill.
George Soros’ $18 billion donation, will be spread over the years. He’s not done yet, he’s expected to give another $2 billion over the next few years. As Soros continues to grow old,he has announced that he is intending to leave his assets with the Open Society Foundations. The Open Society Foundations has become the second largest nonprofit organization the country, right behind the Bill and Melinda Gates Foundation. The tax break in question was canceled by Congress in 2008, forcing the wealthy to transfer money out of offshore accounts into American accounts and pay the associated taxes.
George Soros was born in Nazi occupied Hungary. He and his family survived the occupation by securing false papers and helping others do the same. He fled Hungary after it was taken over by Communists and escaped to London. While in London he worked as a railway porter and attended classes at the London School of Economics. He eventually emigrated to New York, where he made a name for himself as an investor in Wall Street. In the financial world, he is best known for breaking the bank of England. He made a wager against the pound and ended up winning $1 billion. Over time he became very successful and launched his own hedge fund, securing investments for his family and the Open Society Foundations.
George Soros recently gone back to financially contributing to political candidates. He took a break following the election of George W. Bush, but in 2016 decided to give money to Hillary Clinton. As a result of the Trump rhetoric, the Open Society Foundations and George Soros have been supporting victims of hate crimes. Soros recently launched programs that protect minority groups such as the Roma people, gays and lesbians. The Open Society Foundations recently opened the Central European University in Budapest. During the recent Ebola outbreak, the Open Society Foundations funded treatment centers for victims.
George Soros is the chairman of the Open Society Foundations, while three of his children serve as board members as well. George Soros’ foundation has given away more than $14 billion to pro-democracy, human rights, and social justice causes. He has operations going on in over 100 countries around the world , including South Africa and Hungary. George Soros continues to help those who have become marginalized.
George Soros info: www.forbes.com/profile/george-soros/