Why George Soros Just Donated $18 Billion to His Liberal Open Society Foundation

 

Yesterday (Oct. 18), news broke that billionaire philanthropist George Soros had transferred a whopping $18 billion to his Open Society Foundation (OSF) – a liberal-leaning organization responsible for injecting millions into U.S. elections for nearly a quarter century.

While the donation had actually been spread out over the past few years, reported The Wall Street Journal today, it was yesterday that the OSF became the second-largest philanthropic organization in the United States (behind the Bill and Melinda Gates Foundation).

Soros’ net worth, by the way, was $23 billion, according to a Forbes tally yesterday – which means this latest contribution was no drop in the bucket. Rather, it constituted almost 80% of what was in the billionaire financier’s bank accounts.

Liberal Billionaire George Soros Will Spend More on the 2018 Midterm Race Than Ever Before

Billionaire liberal donor George Soros

 

Controversial billionaire George Soros will spend more on the 2018 midterm elections than in any previous one.

In 2010, the Supreme Court ruled in Citizens United v. Federal Election Commission that corporations, unions, and certain nonprofits should be allowed to raise and spend unlimited amounts of money to advocate for and against political candidates.

Since then, Soros has raised $5 million for Democratic politicians in midterm elections.

Specifically, Soros took advantage of this ruling by using his Open Society Foundation (OSF) as a major contributor hub for the politicians and legislative proposals he liked best.