George Soros

George Soros: Biography in Details

Who is George Soros?

George Soros is Hon and FBA honored investor and philanthropist. He is popular as The Man Who Broke the Bank of England due to his short sale of $10 billion worth of pounds sterling during the Black Wednesday that occurred on the 16th of September 1992.

As of May 2020, he has donated over $32 billion to the Open Society Foundations.

Who are the parents of George Soros?

George Soros was born on the 12th of August 1930 in Budapest, Kingdom of Hungary in an upper-middle Hungarian family. His birth name is Schwartz György. He is of Jewish-Germanic ethnicity with Hungarian roots.

His late father, Tivadar Soros is was a lawyer by profession whereas his mother, Lt. Elizabeth Soros was a homemaker. His elder brother, Lt. Paul Soros was also an investor and businessman.

In his teen days, he faced a similar fate like all the Jewish after Nazi Germany invaded Hungary. However, his family was lucky enough to survive as they were able to purchase documents that stated they are Christians.

Later, in 1947, he moved to England and joined the London School of Economics. At the time, he used to work as a railway porter and waiter.

In 1951, he graduated from the school with Honors in Philosophy. In 1954, he received his Master’s degree in Philosophy. Later, he received his doctorate in Philosophy from the University of London.

George Soros- Professional Career

Investment Career

George Soros started his career with several odd jobs. However, he always had an inner feeling that he was not cut to do it. Later, he wrote to every managing director in the merchant bank of London.

However, he received only two replies and got hired in a merchant bank, Singer & Friedlander of London as a clerk.

There he met the friend, Robert Mayer who suggested investing in his father’s brokerage house, F. M. Mayer.

In 1956, he moved to New York City as joined he, F. M. Mayer, as an arbitrage trader. Within a few years, he became famous for his specialization in the European Stocks.

In 1959, he moved to the investments firm, Wertheim and Co. He initially planned to stay with the firm for five years and intended to return England to study. Till 1963, he worked at the analyst of the European securities.

After that, he joined the New-York based Arnhold and S. Bleichroeder as a vice president. In 1969, he established the Double Eagle hedge fund with $4m of investors’ capital including his $250 Thousand. Four years after that, the capital of the firm increased to $12 million. The same year, he resigned from the firm.

In 1970, George Soros founded the investment management firm, Soros Fund Management, LLC. Also, he became the chairman of the firm. After resigning for the Double Eagle, he established the Soros Funds.

Later, he renamed the fund the Quantum Fund. In 1981, the fund rose to $400 million. However, the same year, the funds had a loss of 22%.

Later, in 2013, the fund became one of the most successful hedge funds as the fund rise to $5.5 billion. In 2015, the fund invested the Fen Hotels that developed 5,000 rooms within the time interval of three years.

Philanthropy Career

Since the 1970s, he has been actively involved in philanthropy. For the year, he has been providing funds for the education of the black students to attend the University of Cape Town.

In September 2006, he donated $50 million to the Millennium Promise to help the educational, agricultural, and medical sectors of Africa.

On 17th October 2017, he transferred $18 billion to the Open Society Foundations. The following year, he donated $2 million to Wikimedia Foundation. Also, he donated $220 million in grants for criminal justice reform, civic engagement, and racial justice groups.

Apart from being an investor, George Soros has written books includingThe Alchemy of Finance, Invest Like a Billionaire, The Bubble of American Supremacy, and Opening the Soviet System George Soros.

George Soros- Net Worth, Salary

As of 2022, George Soros has an estimated net worth of $8.6 billion making him the 162nd richest person in the world. The primary source of his income is his investments.

Besides that, he happens to be the highest Earnings Hedge Fund Manager in 2018.

Body Measurements- Height, Weight

George Soros has blue eyes with light hair. He stands at a height of 5 feet 11 inches and weighs around 79 kg.

Is George Soros involved in any rumors and controversies?

There are some headlines that the investor is being falsely accused of funding the protest over police killings of Black People that have roiled the United States.

Back on the 22nd of October 2018, a pipe bomb was placed at his Katonah, New York home as part of the US mail bombing attempts. The bomb was later discovered by the caretaker and got removed by the authorities.

After that, a full FBI investigation was launched. Later, on the 26th of October 2018, Cesar Sayoc got arrested for the suspicion of mailing the bombs.

Social Media

George Soros has over 313.4k followers on Twitter and over 52.4k followers on Instagram. He is not active on Facebook.

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