In a world where many are quick to make assumptions, billionaires are often seen as self-centered. Some frown at the fact that billionaires use their riches to purchase excessive luxuries while many do not have the resources to afford even the most basic of needs. However, there are a few billionaires that fall nowhere near this categorization. Chief among them is hedge fund manager and investor, George Soros. The Hungarian-born American is unofficially known as one of the most charitable billionaires in the world. Proof of this is seen in the fact that he has contributed about $12 billion of his own wealth towards various charitable and political causes.
Over the course of the last three decades, George Soros has greatly been involved in the advancement of democracy in Central and Eastern Europe. He was one of the earliest individuals to get involved in the democratization of the states that formerly constituted the Soviet Union through the umbrella organization known as the Open Society Foundations. The first foundation created under the Open Society was launched in Hungary in 1984. Since then, the Open Society Foundations have grown significantly spurred on by the need for democracy and George Soros’s contributions. However, it is important to note that Soros does not just donate resources to these organizations blindly. To avoid too much dependence on him, the resources he provides make up no more than a third of these foundation’s budgets.
George Soros has also been greatly involved in American politics. While the United States is rightfully considered by many to be the champion of democracy and human rights, there are still many battles to be worn. Soros has previously strongly opposed presidential candidates that have extremely leaned to the right and has instead supported liberal candidates. In particular, he has strongly been against the presidential bids of George Bush in 2004 and Donald Trump in 2016.
Because he did not always have what he needed growing up, George Soros is quite passionate about philanthropy. He has supported millions of people from all over the world in the areas of education, health entrepreneurship and much more. Among his earliest charitable acts was providing black South African students with scholarships to attend the University of Cape Town while the country was still under strict apartheid rule. In recent years, he has also put significant resources towards advancing the plight of refugees and tackling the rising prevalence of hate crimes.
George Soros has made sure to pass on the wealth of knowledge that he holds to the general public through a number of books that he has authored. These books explore a raft of topics including securities trading, politics, economics and life in general.