Politics

George Soros Pumps In $18B To Open Society Foundations

Democracy, Politics
George Soros has recently transferred $18 billion from his personal wealth of $24.6 billion to the Open Society Foundations, an organization that promotes democracy around the world. This appears to be a major shift of wealth by the philanthropist and investor. In an email statement, a spokesman for the foundation said that this move is part of the process of transferring assets that has been going on for a number of years. This massive transfer of Soros’ wealth to the Open Society Foundations practically made it one of the biggest charitable organizations in the world. It was the latest financial move of the 87-year old philanthropist who started charitable work in 1979. His first venture in philanthropy benefitted black South Africans who were provided with educational scholarships. A