George Soros’ Recent Transfer Of Money To Philanthropy Will Change The Non-Profit Sector For Good

Political activist George Soros gained popularity in 1992 when he risked placing $10 billion on a wager against the British Currency. Lucky enough his bet earned a sum of $1 billion in gross profits in about 24 hours and later on $2 billion. This was how he won himself the moniker“the man who broke the bank of England.” Besides the title, George also became popular on Wall Street. By this time George had already made headlines for his philanthropic activities and also for how he was useful in business.

According to the Wall Street Journal, George Soros has transferred over $18 billion to his charity in the recent days. Analysts describe this act of generosity as the single most significant transfer of wealth to a charitable organization by a single donor. Soros has always been committed to doing good to the society at large. Many people who criticize his efforts have never tried to understand what drives his commitment to humanity. His new move of transferring over $18 billion has earned him a lot of admiration in the corporate world.

Even before he made it in business, George was already aware that he was destined to be a great businessman. As a teenager, he had to flee his hometown to get away from the Nazi occupation. He settled in England. It was in England that he attended the London School of Economics. Upon graduation, he worked with he worked at an investment bank and later on moved to the US in a bid to better his life and career. Before establishing his business in Wall Street, George Soros worked with renowned investment firms like F.M Mayer, Wertheim & Company among others; It is the experience that he acquired from these businesses that prompted him to open his hedge fund. This saw the birth of the Soros Management Fund. George Soros established the Open Society Foundations.

As a wealthy individual, George has always worked hard to ensure that He impacts a lot of positive change among different societies in the whole world. He is actively taking part in programs that seek to foster peace and positive growth among communities worldwide. For instance, the Open Societies played a significant role in helping Macedonia maintain order after its successful secession from Yugoslavia. Such initiatives have formed a more significant part of the works that the Open Societies is involved in.

Despite facing numerous criticisms due to his active participation in matters politics, George Soros has maintained his initial stand of making the world a better place for everyone by doing good. His main agenda is by ensuring the world is better by insisting on competent, accountable and mostly transparent leadership.

Visit: https://www.nytimes.com/topic/person/george-soros

One of the main reasons why George Soros feels that people need to pay keen attention to active politics is the fact that if any country suffers under poor leadership, the repercussions are faced even by the macroeconomics of nations such as the USA. That’s why he set aside his daily activities at the hedge fund to venture into philanthropy. Read this story at fortune.com.

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