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. Continue reading