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Soros shifts US$18b to his pro-democracy foundation

Contribution vaults Open Society Foundations into one of the biggest charities in the US

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Mr Soros ranks 20th on Forbes Magazine's list of the 400 wealthiest Americans with a net worth of US$23 billion. He was born in Hungary but fled the communist country and put himself through the London School of Economics while waiting tables and working as a railway porter.

Washington

BILLIONAIRE financier George Soros, known for donating to liberal causes, now commands one of the most powerful philanthropies in the United States after having moved US$18 billion of his personal wealth into his Open Society Foundations.

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