It is always an enchanting phenomenon to see some of the most prolific and renowned entrepreneurial heavyweights giving back to the society through philanthropy. George Soros is certainly the most classic example of such people with an inexplicable inclination towards making the world a better place through a series of philanthropic acts. His heart-warming philanthropic acts have been facilitated by the humongous profits he garners from the exceptional entrepreneurial career that he has had. Born on 12th August, 1930, George Soros attended the London School of Economics before venturing into the finance and investments world. He worked in myriad companies such as Singer and Friedlander, F.M. Mayer, Wertheim and Co. and Arnhold and S. Bleichroeder. His proclivity towards supporting and empowering other members of the society was exhibited in 1970 when he founded the Soros Fund Management.
Quite significantly, George Soros scaled the heights of popularity when he launched the Open Society Foundation. This is a multinational entity that encompasses myriad entrepreneurial partners, foundations and projects, and has established bases in close to 100 countries. The foundation’s activities, according to the Open Society Foundation website, are a culmination of George Soros philosophy and school of thought that revolve around respect for individual rights and democratic governance. The Open Society Foundation also ventures to describe George Soros’ first philanthropic endeavour, which happened in 1979 when George Soros offered scholarships for black South African students during the apartheid regime. This was only a tip of the iceberg as George Soros incessant acts of philanthropy extended to other organizations across the globe such as the International Crisis Group, the Institute for New Economic Thinking and the European Council for Foreign Relations.
In 1984, George Soros established the first Open Society Foundation in Hungary as he envisioned exerting concerted efforts towards promoting the Hungarian democracy and fronting the respect of human rights and promotion of free expression. George Soros is known to have made humongous donations to the organization in order to keep it running and maintain its crème de la crème status. It is no coincidence that George Soros has gained a resounding popularity over the past decades as his philanthropic credentials speak for themselves. One of the most outstanding acts of philanthropy was explicated in an article published in The New York Times on 19th October, 2017 by David Gilles. This was an article that underscored how George Soros transferred $18 billion to the Open Society Foundation.This donation by George Soros has made the Open Society Foundation to be one of the biggest philanthropic organizations in the history of the United States. This donation was directed toward facilitating the implementation of the foundations agenda that includes the promotion of democracy and the fronting of human rights protection. Some of the most salient activities carried out by the Open Society Foundation include funding for treatment of Ebola in 2014 and funding an Art and Culture in Roma.
George Soros is one of the most iconic and notable entrepreneurs. This can not only be attributed to his exceptional set of entrepreneurial skills and proficiency but also his incredible philanthropic acts.