George Soros Gives Away His Fortune

The hedge fund manager and philanthropist, George Soros has spent much of his life over the last few years involved in some of the most important work surrounding human rights in the world. However, if one of to believe right wing radio host and various Internet-based conspiracy theorists, the Hungarian-born U.S. citizen has not had a large amount of time for his own business, political, and humanitarian work as he has been engaged in many threats to the capitalist system which has made him a billionaire; despite the majority of these threats being proven false, Soros is still demonized by many conservatives who are uncomfortable with his role as liberal philanthropist.

The Atlantic reports towards the end of 2017, George Soros shocked the world by announcing he had spent around $18 billion of his personal fortune on developing the Open Society Foundations he established in the mid-1980s. The initial release of the Forbes list of the richest people in the U.S. for 2017 was to have included Soros in the top with a personal fortune of around $23 billion taking into account a major $3 billion donation to the Open Society Foundations many felt would be announced over the course of the last few months of the year. Soros is now classed as having a fortune of $8 billion by the business publication.

Even his personal donation to the Open Society Foundations has been seized upon by right wing journalists looking to make an impact through their attacks on George Soros based on their own belief in his reasons for giving. The leading alt-right publication, Breitbart recently described the donation of George Soros as a liberal “death star” intent on damaging the success of the rising right-wing influence on the political landscape of the world in the 21st-century.

In a recent article for The Atlantic, Soros described his belief in the threat capitalism provides towards the global economy which could soon be damaged by the lack of a positive alternative to this political and financial system since the fall of the Berlin Wall. Far from a believer in socialism, George Soros is instead concerned with providing the best possible outcomes for those he feels are often underrepresented by a political elite often fighting solely for the concerns of their major donors.

One of the major reasons for the growing concern about the level of influence George Soros holds over the political left in the U.S. and parts of Central Europe comes from a general misunderstanding of his beliefs and goals as a philanthropist. George Soros has backed many human rights groups over the years fighting to protect African-American communities in the U.S.; the arrival of the “#BlackLivesMatter” campaign is a good example of the perceived threat of George Soros as he did not establish the movement but had already developed close links to many of those who have become involved in this group over the last few years.

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