The Daily Beast took a look at this rumor and the movement to see if there was any truth to it. They wanted to know who was behind Black Lives Matter and what that could mean about the movement itself.
What was turned up was the fact that Black Lives Matter was started by three women who are passionate about the rights of African Americans and opposed to police brutality. They have received their motivation from the numerous high profile reports of police officers shooting and killing unarmed black males.
The way that Soros got tied into this was by virtue of the fact that it is true that he is a very wealthy individual. He has a net worth in excess of $20 billion according to the Wall Street Journal. He is also known for having some liberal leaning politics, and that makes him a target for conservatives all the time.
The director of U.S. operations for the Open Society Foundation (funded by Soros) has stated that the foundation does not fund protest movements. They do provide funding for political causes in some cases, such as democratic voting rights, but a protest movement is not on the radar. It is something that is probably too hot to handle from a public relations standpoint for the foundation to want to take it on.
The same director went on to say that he believes there are a lot of people who believe that the protests were thought up in a think tank or something of the like. However, he states that this is simply not the case. The protests are organic and a reaction to recent events.
The ties that some have made may come from the fact that the Open Society Foundation has provided funds to issues that have been raised by the Black Lives Matter movement. However, the movement itself has not received any money from Soros or anything related to the man.
It is odd that such a specific amount of money has been attached to this particular rumor, but that may be a trick to make the rumor seem more realistic. Soros is a common target for rumors, so it is nice to have at least this one put to rest.