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Ciara O'Rourke
By Ciara O'Rourke July 20, 2023

No evidence George Soros ‘going bankrupt,’ as a recent Facebook post claims

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  • We found no evidence that billionaire philanthropist George Soros is going bankrupt, as a recent social media post claims.

A recent Facebook post claims that billionaire philanthropist George Soros is in the red, but it provides no evidence that this is true. 

"IT HAPPENED," the July 18 post says. "Elon Musk L.E.A.K.E.D_ GEORGE SOROS IS GOING B.A.N.K.R.U.P.T_, JOE BIDEN S.C.A.RED! - | BREAKING FOX NEWS BIDEN - JULY 19, 2023.

This post was flagged as part of Meta’s efforts to combat false news and misinformation on its News Feed. (Read more about our partnership with Meta, which owns Facebook and Instagram.)

According to Forbes, Soros was worth $6.7 billion as of July 20. We found no news reports that he’s heading into bankruptcy — or that Musk leaked this information. 

A narrator in the Facebook post’s video says that "in a recent interview, Musk revealed a piece of information related to the existence of George Soros and his Open Society Foundation, which is on the verge of bankruptcy."

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The narrator also refers to recent news that Soros’ nonprofit grant-making network, Open Society Foundations, plans to lay off 40% of its global staff as Soros hands over leadership tohis son, Alex Soros. The organization says it currently employs about 800 people around the world. 

In a statement, Open Society Foundations said its new operating model is meant to maximize its grantmaking dollars, The Associated Press reported. The news outlet didn’t hint that neither the nonprofit nor Soros is on the verge of bankruptcy.

Soros has already given $32 billion to the foundations and has indicated to The New York Times that his fortune will go to his family’s philanthropic efforts. Such a gesture hasn’t been highly regarded by Twitter owner Elon Musk, who recently tweeted that Soros "wants to erode the very fabric of civilization." 

But we found no credible sources suggesting that Musk revealed the philanthropist is going bankrupt. 

We rate that claim False.


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No evidence George Soros ‘going bankrupt,’ as a recent Facebook post claims

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