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George Soros [a] HonFBA (born György Schwartz on August 12, 1930) [1] [2] is a Hungarian-American [b] businessman, investor, and philanthropist.
Sep 6, 2019 · Why does the hard right from America to Australia and from Hungary to Honduras believe George Soros is at the heart of a global conspiracy, asks the BBC's Mike Rudin.
Aug 15, 2024 · George Soros (born August 12, 1930, Budapest, Hungary) is a Hungarian-born American financier, author, philanthropist, and activist whose success as an investor made him one of the wealthiest men in the world. He is also known as a powerful and influential supporter of liberal social causes.
- 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.
George Soros is one of the world’s foremost philanthropists. He has given away more than $32 billion of his personal fortune to fund the Open Society Foundations’ work around the world. He is also the founder of Central European University, a leading regional center for the study of the social sciences.
Apr 29, 2024 · Soros, a billionaire, philanthropist and Democratic campaign contributor, is a Jewish Hungarian Holocaust survivor who is often a target of antisemitic conspiracy theories.
George Soros is one of the world’s foremost philanthropists. He has given away more than $32 billion of his personal fortune to fund the Open Society Foundations’ work around the world. He is also the founder and primary funder of the Central European University in Budapest, a leading regional center for the study of the social sciences.