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Axios Oct 18
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George Soros' $18B bet

George Soros, Founder and Chairman of the Open Society Foundation, waits for the start of a meeting at EU headquarters. Photo: Olivier Hoslet, Pool Photo via AP

George Soros has invested $18 billion in Open Society Foundations, according to foundation officials, the Wall Street Journal reports. And Soros, who is one of the world's most successful investors, has done it again.

Why it matters: "Now holding the bulk of Mr. Soros's fortune, Open Society has vaulted to the top ranks of philanthropic organizations, appearing to become the second largest in the U.S. by assets after the Bill and Melinda Gates Foundation, based on 2014 figures from the National Philanthropic Trust."