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George Soros HonFBA (born György Schwartz on August 12, 1930) is a Hungarian-American billionaire hedge fund manager and philanthropist. [7] [8] As of October 2023 [update] , he had a net worth of US$6.7 billion, [9] [10] having donated more than $32 billion to the Open Society Foundations , [11] of which $15 billion has already been ...
- Tivadar Soros (father)
- Paul Soros (brother)
- Early Life and Education
- Notable Accomplishments
- Soros's Investment Style
- The Bottom Line
Soros, who is of Jewish descent, was born in Budapest in August 1930 and survived the Nazi occupation of Hungary, emigrating to England in 1947. He earned a doctorate from the London School of Economics before embarking on a career in banking.He founded his first hedge fund, then called Double Eagle, in 1969.
"The man who broke the Bank of England"
George Soros is most famous for a single-day gain of $1 billion on Sept. 16, 1992, which he made by short selling the British pound. At the time, England was part of the European exchange rate mechanism (ERM), a fixed-exchange-rate agreement among a number of European countries. The other countries were pressuring England to devalue its currency or leave the system. After resisting the devaluation for some time, England floatedits currency and the value of the pound dropped. Using leverage, S...
Soros and Brexit
More recently, Soros has been vocal about the precarious future of the European Union in the wake of Britain's 2016 vote to leave the union and the continuing refugee crisis that has brought millions of Middle Eastern refugees to Europe. Soros warned of an existential crisis facing Europe.He has set forth a plan to rescue Europe from a pending crisis by tackling three major issues: the refugee crisis, territorial breakups like Brexit, and the austerity crisis that has plagued countries like I...
George Soros is unique among highly successful investorsin admitting that instinct plays a large role in his investment decisions. Nonetheless, he is famously well-informed about economic trends on a regional and global level and is known to use this knowledge to exploit market inefficiencies with large, highly leveraged bets. Soros has both the ca...
As one of the most noteworthy investors in modern history, George Soros is known for making outsized bets against the British pound, and later the Thai baht. With the success of his currency bets, Soros has donated billions to promoting democracy and backing liberal causes around the world through the Open Society Foundations.
Apr 2, 2024 · In 2017 it was reported that Soros had given some $18 billion to the organization in recent years, making it one of the world’s largest philanthropic groups. George Soros. George Soros, 2008. Soros was also involved in political activism and other philanthropic efforts.
Apr 2, 2014 · George Soros is a self-made billionaire known for his investment savvy and his vast body of philanthropic work. Updated: Apr 9, 2021.
Forbes Lists. #409. Billionaires (2024) #156. Forbes 400 (2023) More Lists. Personal Stats. Age. 93. Source of Wealth. Hedge funds, Self Made. Self-Made Score. 10. Philanthropy Score. 5....
- Founder
Sep 6, 2019 · 6 September 2019. Getty Images. He's a Jewish multi-billionaire philanthropist who has given away $32bn. Why does the hard right from America to Australia and from Hungary to Honduras believe...
May 30, 2018 · Hungarian-American businessman George Soros is one of the world's most renowned, and philanthropic, financial investors. Earning his fortune through shrewd financial speculation, he has spent...
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