The life of George Soros reads just like a “rags to riches” tale. Soros was born into a Hungarian Jewish family just before World War II. Sadly, German troops came into Budapest when Soros was just a boy. His family raised enough money to send Soros to safety in the United Kingdom. Once Soros got to London, he entered the prestigious London School of Economics. To finance his studies, Soros worked as a railway porter and waiter around the British capital. After receiving his Master of Science in philosophy, Soros entered the banking world of London. A few years later, Soros decided to leave London and set up shop in New York City. He quickly formed a Wall Street hedge fund with around $12 million. This fund would later be known as Quantum Fund.
It wasn’t until 1992 that George Soros became a huge name in the investing community. That’s the year he took a massive short bet on the British Pound Sterling. The bet paid off big time for Soros. Indeed, his short position was so successful that some people still call Soros the man who “broke the Bank of England.” Ever since that investment, Soros has become one of the most respected investors on Wall Street. His company Soros Fund Management now has around $30 million in assets and is headed by Dawn Fitzpatrick.
Although people into finance might know Soros first and foremost as a maverick investor, most people know of Soros for his political activism. Having witnessed the horrors of Nazism first hand, Soros has always been a champion of liberalism and democracy. He set up the Open Society Foundations to donate to organizations around the world involved in fighting for equality and civil rights. Soros has spent a ton of money helping minority communities have a voice in the democratic process in the USA and in other nations around the world. Learn more on discoverthenetworks.org about George Soros.
Soros is a staunch supporter of the Democratic Party and a fierce opponent of President Donald J. Trump. In the past few years, George Soros has helped finance President Obama’s campaign as well as Hillary Clinton’s failed bid for the presidency in 2016. Ever since President Trump took office, Soros has warned of the potential dangers of Trump’s heated rhetoric. Soros has also been deeply concerned about the rise in hate speech and neo-Nazism across the USA. Soros has pledged millions of dollars to help organizations combat hate speech, “fake news,” and to empower refugees fleeing warzones.
As of today, Forbes Magazine estimates that Soros is worth around $24.2 billion. He now lives in New York with his third wife Tamiko Bolton. He has a total of five children, some of whom work for Soros’s organizations. Know more on Business Insider about George Soros.