George Soros is an American-Hungarian businessman, entrepreneur, investor, philanthropist, author, and renowned hedge fund manager. In addition to this, he is also the founder of Soros Fund Management LLC. According to Forbes, this company’s net worth was estimated to be 26 billion dollars in assets as from October 2017. However, Mr.Soros net worth is estimated to be twenty-five billion by the renowned magazine.
Forbes also ranked George Soros as one of the highest-earning hedge fund managers in 2016. Moreover, the magazine named hedge funds and self-made as the main sources of Mr.Soros’s immense wealth. Although the businessman was born in Hungary, he fled to London for better economic opportunities. He then managed to pursue a course in the London School of Economics with the earnings he got while working as a waiter in a nightclub and a railway porter. Upon graduation, he tried to get interviews by writing to all merchant banks in London. However, he was not very successful as only a few of them replied. In addition to this, he ended up being humiliated in the few interviews he got. This led him to start working as a salesman in a wholesale for fancy goods. After going through this low period in his life, he ended up being a clerk at Singer & Friedlander which was a merchant bank in London. This employment opportunity was due to the fact that the managing director of the bank was also Hungarian.
After living in London for some time, Mr. Soros decided to move to New York in the 1950’s. He then worked for various firms as a trader and analyst. In 1970, the entrepreneur started Soros Fund Management. George Soros is also known as the man who broke the Bank of England. This is because in 1992 he made a profit of one million dollars which he got after he shorted the pound. The billionaire has managed to contribute approximately 12 million dollars to worthy causes.
Due to his philanthropic nature and his support for liberal causes, he decided to start the Open Society Foundations. Currently, the philanthropy foundation has approximately 14 billion dollars worth of expenditures this is according to Forbes. After the financial crises in 2008, the philanthropist pledged 50 million dollars in favor of the Institute of New Economic Thinking. This institution aims to propagate new ideals of economic thinking. He also supports international refugees heavily.
George Soros is currently married to Tamiko Bolton and he has five children; Alexander Soros, Jonathan Soros, Andrea Soros, Robert Soros and Gregory Soros. The investor has a Bachelor of Arts in Science which he attained after taking himself through The London School of Economics. Mr. Soros was born in Hungary in 1930. During the Nazi occupation in Hungary that was between 1944 and 1945, the Jewish teenager managed to escape persecution with his family courtesy of false identity papers from his father. and Follow him Twitter.com