Billionaire George Soros Donates more than Half of his Wealth, Drops 39 Spots on Forbes Rich List

George Soros is a respected and wealthy billionaire who is currently living in the United States. The businessman has earned a lot of wealth in his career life, and he commands a lot of respect in the international community. The billionaire is known for supporting noble causes in the community. His organization, known as the Open Society, has been in the market for several decades, and it has assisted very many communities that are living in various parts of the globe. The businessman has also been a staunch supporter of the Democrats, and he has donated huge sums of money to support candidates in the Democratic side.

This year, George Soros was in the headlines once again. According to the prestigious Forbes magazine, the businessman was on the annual list that lists some of the wealthiest individuals in the international community. When the organization made its first list in the year, George Soros was in the twentieth position. The magazine published that the businessman was worth twenty-three billion dollars. The unfathomable fortune was accumulated since the wealthy investor settled in the country very many years ago. For the people in the world, the amount of wealth owned by the billionaire is shocking. For the majority of the people in the international community, the wealth accumulated by the investor is too much, and learn more about George Soros.

This status, however, changed several weeks ago. According to sources that are close to the businessman, George Soros has decided to donate eighteen million dollars. All the money was offered to the Open Society Foundation. The wealthy investor founded this institution many years ago, and he has been running it so that he can assist the communities in various parts of the world. The charity organization has been assisting people for the last thirty years, and it has impacted the lives of millions of people.

There has been lots of negative news concerning the huge donation that was offered by the businessman. According to several financial experts, the billionaire took this great measure so that he could avoid paying taxes and at the end of the day save some of his money that would be paid to the financial systems. However, the businessman and his close associates in the United States are not happy about the election of Donald Trump into the presidential position. The businessman and other important people in the society have been working hard so that they can fight back the new president, and George Soros’s lacrosse camp.

The idea to donate has seen George Soros drop the list by more than thirty-nine position in the recent times. The Forbes Magazine says that the businessman gave more than eighty percent of his wealth as donation, and this has reduced in net worth. The Open Society will be expected to use all the amount of money donated by the businessman to help the needy and other people in the society. George Soros has always been passionate about helping people in the society, and the Open Society has been giving him this opportunity, and http://www.politico.com/story/2016/07/george-soros-democratic-convention-226267.




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