George Soros $18 Billion Contribution Bonanza pulled him down in the Richest List

The contribution saga of George Soros, the leading philanthropist and investor billionaire, has surprised many people around the world, though it was always expected from him, especially for people who knew him personally. Generally, it was not expected from a highly successful billionaire with nearly $23 billion fortune to contribute almost $18 billion from it to various philanthropic activities. The transfer of the amount to Open Society Foundations has significantly reduced his net worth. Soros was the 20th richest in the Forbes list of billionaires in the United States. But, after the donation, his net asset dropped to $8 billion pulling him down to 59th place in the richest in America list.

To break down the amount, Forbes had already accounted a $3 billion contribution previously, and the rest is currently reduced to conclude the contribution and arrive the current wealth of Soros. The Chief Communication Officer of Open Society Foundations, Laura Silber, stated that the amount was transferred during the past several years through the estate planning of George Soros. It is expected that the contribution would further boost the human rights activities, advance justice efforts, and democratization practices of Open Society Foundations around the world.

Open Society Foundations – which was established by George Soros to spread open society concepts – is considered as the second largest philanthropic group in the world behind Bill Gates and Melinda Foundation. It is known for efforts in public health, refugee relief, immigrant rights initiatives, liberal thoughts, and more across the globe. It campaigns for LGBT rights, helping Roma community in Europe, democratization in Eastern Europe, and more. Though Soros is a highly successful hedge manager and known for founding Soros Fund Management, in the recent years, he started completely focusing on philanthropic efforts. Interestingly, he always had philanthropic thoughts in his mind, and even in his peak years of investments, he spent quality time and money for charitable causes, and read full article.

George Soros was born in Budapest in 1930 and survived the Nazi invasion and Second World War. After the war, his family migrated to the United Kingdom, and he enrolled at London School of Economics where he earned his graduation. During those years, he was introduced to open society ideologies that shaped his thoughts and actions in the later years. After graduation, Soros worked in London for a few years and decided to move to the United States. In 1956, he emigrated and started his investments in the Wall Street that changed his life forever.

His success in the financial world prompted him to establish Soros Fund Management – a hedge fund firm – in the year 1970. Today, it is one of the largest hedge fund firms across the world. His financial success helped him to focus deeply on philanthropic efforts and open society ideas. With that mission, he established Open Society Foundation in the early 1980s. In the later years, the charitable group that works towards the advancement of civil society grew significantly across the globe. Today, Open Society Foundations has branches and projects in over 100 countries.

More Visit: https://www.theatlantic.com/business/archive/2017/12/soros-philanthropy/547247/

Malcolm Casselle and his Career Background

Worldwide Asset eXchange (WAX) is a program that serves as a fully operational virtual marketplace for virtual game assets. Anyone can take part in the asset exchange without any stake in payment processing, security or infrastructure. WAX reveals the power of tokenizing in-game items which facilitates the creation of new assets and ownership of virtual assets. However, tokenization has been faced with a challenge of determination of ways to control and guarantee tokens’ permanent attachment to their assets. Tokens remain attached to their assets based on the Guild’s reputation.

http://casselle.com/

Guilds together with transfer agents, a substitute proof of stake consensus algorithm, and several rating systems are part of the virtual asset exchange process. Guilds are the supervisory panels for transfer agents that ensure the agents execute their duties. Future incorporation of physical assets into Worldwide Asset eXchange will enhance security as the frequently traded assets will be converted to infrequently bought tangible assets. Also, WAX is planning on establishing a new network of assets that were not exchangeable before.

 

Malcolm Casselle is the President of WAX as well as CIO of OPSkins. He is the former President and Chief Technology Officer (CTO) of Tronc which was formerly known as Tribune Publishing. The company deals with digital assets. Before joining Tronc, Malcolm was the General Manager and Senior VP of Digital Media at SeaChange International. He has also previously served at Capital Union Investments in the position of a Director. At CUI, Casselle achieved successful development of private direct investment into last stage web companies.

 

Malcolm was the CEO of Xfire which is an international social network consisting of over 22 Milion members who play video games. He has also ventured into entrepreneurship and is the co-founder of NetNoir. NetNoir is the first non-local corporation to be admitted into the AOL Greenhouse Program. Casselle also pioneered startups such as MediaPass which is a digital subscription solution provider to media companies where he held the position of a CEO.

 

Casselle holds a master’s degree from Stanford University. He attained his Master’s accreditation after graduating from MIT with a computer science degree.

 

The Distinguished Academy of Art University

The Academy of Art University is located in California at a place known as San Francisco. The institution is privately owned. Richard S Stephens founded the school in 1929. The school is the largest among private institutions that offer art and design in the region. The Academy of Art University contains 12600 students, 283 teachers who have been employed on a full- time basis and 1154 teaching staff who are part-time.

 

 

The Academy of Arts University has established its main campus in the New Montgomery Street. Richard S Stephens who was the founder of the institution was initially a magazine editor and a painter. Richard led the school up to 1951 when his son took over the school’s leadership. Elisa Stephens later took over from her brother in 1992.

 

 

The Academy of Art University has been an active participant in the New York Fashion Week. The event is normally held twice every year. Students at the institution have had an advantage of being transported from their classrooms to the dorms by a private bus. The institution was accredited in 2007 by the Association of the Western Schools and Colleges. 25 disciplines offer masters, associates, and bachelor’s degrees while others are offered online.

 

 

New individuals are usually recognized during the fashion week that is held in the New York. New talents are discovered through this event. The Academy of Art University held its fashion week in September 2017. The event was held at the Skylight Clarkson square where the fashion events are normally hosted. The MFA and BFA graduates took part in the event where two menswear and five womenwear collections were showcased.

 

 

The designers at the event were from different backgrounds including the coastal Maine and China. Techniques such as the craftsmanship and the silhouettes were presented at the event. Sara Kozlowski who directs professional and educational development was among the audience. J Alexander who is famously in the America’s Next Top Model show was also present. The internships, workshops and painstaking labor constituted fifteen minutes of the time given. The designers had a great vision for fashion where their mentors guided them through the event.