George Soros: America’s Top Investor And Activist

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. Learn more on discoverthenetworks.org about George Soros.

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.

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Soros is a staunch supporter of the Democratic Party and a fierce opponent of President Donald J. Trump. In the past few years, 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. Know more about George Soros on CNBC.

As of today, Forbes Magazine estimates that George 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.

The Life of George Soros

George Soros is not a man who has forgotten where he came from. From humble beginnings, he became not only one of the richest men in the world but one of the greatest philanthropists the world has ever seen.

Soros was born in Hungary in 1930, and his early years were marked by strife. When Soros was an adolescent, the Nazis invaded his country. Although Soros’ family was Jewish, they managed to evade capture, disguising themselves as Christians, and even helped transport other Jews to safety. Altogether, about half a million Hungarian Jews were murdered during this period. Learn more on Discover the Networks about George Soros.

The end of the war didn’t bring relief to Soros and his family, however. The communist party, backed by the Soviet Union, quickly came to power and Soros was forced to flee. He landed in London, where he studied economics at the famed London School of Economics while holding down a series of part-time jobs on the side.

His fortunes soon changed, however, when he headed for the United States in 1956. He used his mathematical expertise to begin working in finance and soon became wealthy. In 1970 he struck out for himself and founded his own investment firm, Soros Fund Management.

The fund grew and grew in success, becoming when of the highest grossing funds of all time. Soros was soon worth billions of dollars.

Soros plowed his fortune into philanthropic works and soon founded the Open Society Foundations, to promote democratic governance, freedom of expression, and clean government across the world. Know more on investopedia.com about George Soros.

In South Africa, George Soros funded scholarships for black South African students who were struggling under that country’s then-apartheid leadership. In the 1980s he launched an initiative to help disseminate banned reading material in Central and Eastern Europe by supplying democratic activists with photocopy machines. With the fall of communism and the opening of the Iron Curtain to the west, Soros founded a university and paid for cultural exchanges between artists and students that did a great deal to open up the East and foster a democratic culture.

Soros has also been involved with drug legalization in the United States and Western Europe. He would like to see drugs decriminalized, and has said that the war against drugs might be more harmful than drugs, themselves. He’s also been a firm advocate of same-sex marriage and has bankrolled efforts to help Europe’s Roma advance in society.

He doesn’t limit his money to his own foundation, either. He’s given large sums to the International Crisis Group, the European Council on Foreign Relations, Global Witness and others.

Soros, now in his 80s, continues traveling the world and dealing with humanity’s gravest issues. He meets with world leaders and implores them to take his advice.