Philanthropic Organization with his Continual Financial Aid
George Soros is a highly resourceful, wealthy, and influential political contributor in the United States. Over the years, he has been able to make a stronghold in the country’s politics by contributing heavily to the Democratic Party, financially as well as politically. George Soros has always been a supporter of Democratic Party because George Soros feels that people should have the right to voice their opinion and be in a position to control the government, which Soros strongly feels is not the case with the Republican Party. It is for this very reason; he supported Hillary Clinton in the last Presidential Election but went on to lose the $30 million he spent on the election. However, it is a small amount compared to the fortune that he has earned over the years through his hedge funding business.
George Soros is the undisputed leader in the hedge funding business is amongst the top hedge funders of all times. Not only does his firm continue to provide consistent high profits to its investors and clients, but Soros Management has also been expanding globally under his watch as well. However, it is not only his political influence and business achievements that George Soros is known for but also his philanthropic initiatives. George Soros has founded Open Society Foundation, which is a collaboration of charities from across the globe. It works cohesively towards the causes that George Soros feels strongly for, including racial disparity, poverty, women empowerment, education, immigrant rights, minorities’ rights, freedom of expression, and more.
George Soros feels that the political sphere of the world has been moving ahead in the wrong direction and while there was a time when people used to be afraid of communism, the time has now come to be fearful of Capitalism. In an article that George Soros wrote recently, he explained elaborately why Capitalism is now turning to totalitarianism and is becoming global issue. George Soros believes that it is also one of the reasons why people are afraid to trust their government as going against the government or vocally opposing the government has sometimes led to fatal results in the near history. George Soros believes that many governments across the world are taking away the rights of the people to express freely along with other constitutional rights in a systematic manner, which is why he believes in the principles of Open Society, which also happens to be the name of his philanthropic organization, Open Society Foundation.
George Soros was inspired by Karl Popper and his book named The Open Society and its Enemies. It is from where he learned about how the world can work together and move ahead as one big family, and while he understands the roadblocks in its realization, he believes in one step at a time and wants to do his part while he can. George Soros uses his financial resources to help the people in need across the globe and recently transferred a massive sum of $18 billion to Open Society Foundations. It is expected to put him on the list of few of the most generous philanthropists of all times.
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