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£13.6bn gift makes Soros foundation world's third largest

18 Oct 2017 News

The investor George Soros has given $18bn (£13.6bn) to his Open Society Foundations, making it the world's third richest charity, according to articles published today.

The donation is the bulk of his $23bn fortune, according to the Wall Street Journal, which says the information has been passed onto it by officials at the foundation.

Soros is a financier who made a fortune betting against the pound during the collapse of the Exchange Rate Mechanism under John Major.

His foundation becomes the third richest in the world, behind the Bill & Melinda Gates Foundation, which is worth $44bn (£33bn), and the Wellcome Trust, which is worth £23bn.

Open Society Foundations is an international human rights foundation which says it works in every country in the world. 

 

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