George Soros is a Hungarian born American who was born in 1930. Currently he is a philanthropist, business magnate and investor. George is considered to be one of the most successful businessmen and investors in the world. He made the top 30 richest men in the world list when a 2017 February report revealed he has a net worth of more than $25.2 billion.
Some History on George Soros
Soros fled Hungary when he was young to avoid persecution by the Nazis. He ended up in London where he worked as a waiter and railway porter. As he worked, he managed to pay for his education at the London School of Economics. After his education he got a job in a merchant bank.
George later went to New York and got into Wall Street. This is where he managed to established a $12 million hedge fund in 1969. By 1992, he managed to partner with Stan Druckenmiller. It is at this time that the two shorted the British pound and made a very impressive profit. To date the two are known as the men who broke the Bank of England. Several decades later, George, through Soros Fund Management, is still renowned as a heavyweight in investing circles. The management is a family office that boasts $30 billion in assets.
Dawn Fitzpatrick was hired by Soros in 2017. She is among the most prominent women on Wall Street. The position she has been given is Soros Fund Management’s chief investment officer to run Soros’s investment portfolio. Since 2000, Soros Fund Management has had seven CIOs with Fitzpatrick being the seventh. George has always been a longtime supporter of liberal causes. This is why he is an open critic of President Donald Trump.
Learn more about his profile at Forbes.com.
Opinions of George Soros
Since he is the world’s richest hedge fund billionaire, George Soros has never lacked opinions when it comes to both global economy and politics. He got his fame from being instrumental in ‘breaking’ the Bank of England in 1992, and by making a billion dollars while he was at it. Even though it is said George is in semi-retirement, markets are still moved by his prognostications. The billionaire supports liberal candidates and causes, and is a top contributor on US politics supporting the same.
Soros was in a 45-mnute interview with Francine Lacqua of Bloomberg TV at the World Economic Forum in Davos in March. During the interview, he created an explosion of headlines on both the economic and political front. He was recorded stating that President Trump was doing the work of ISIS. This is attributed to the fact that the current President had anti-immigrant vitriol as the hallmark of his campaign. Despite his sentiments, Soros is still a favorite in the US. His investments have not been affected by the outcome of the US election.
Visit bigthink.com to know more about George Soros.