George Soros was born in the year 1930 in Budapest. He was one of the survivors of the Nazi- German war and immigrated to England in the year 1947. He graduated from the school of economics in London with both bachelors and masters in philosophy. George Soros is a philanthropist, author, and a successful investor. George is worth 25.2 billion dollars becoming one of the thirty richest world leaders.
George Soros started the hedge fund in the year 1969.The profits he obtained from the hedge fund enabled him to start the Soros Fund Management. The Double Eagle, his first hedge fund became the first firm to be advised by Soros. The fund was later renamed the Quantum Fund. The management of the firm had an initial of 12 million which later doubled to 25 million which was his net worth.
Soros is famously known as the man who broke England’s bank due to his short time he took to sell 10 million dollars. George applied Karl Popper’s theory to capital markets where he was able to obtain securities of markets and bubbles of assets he undertook. Soros benefited vehemently from the philosophical studies he had undertaken.
The securities of markets he got were used in shorting of stocks and also swapping them. George Soros supported political forums in his country such as the American Liberal and the American Progressive. The entrepreneur donated most of his funds through the Open Society, A foundation he had started. Read his profile at Forbes.
George Soros donated towards philanthropic activities in his country. More than 11 billion was donated between the years 1979 and 2011. More than 18 billion dollars have been transferred by the investor towards the Open Society Foundation. The group is the second largest in the United States in terms of offering grants.
The Open Society is an organization that has worked globally to promote democracy in many areas. George Soros has contributed largely in supporting the Super PAC Group which recognized and supported Hillary Clinton who was a Presidential Candidate in last year’s elections.
Fitzpatrick Dawn was hired by Soros to be the Chief Investment Officer of the Soros management that is based in the New York. The Fund also manages investments for the Open Society. The Forbes magazine has also enlisted him as worth 23 billion dollars. George Soros has also invested in President Trumps Son in-law’s company. Learn more about his profile at businessinsider.com.
George Soros record in investment has earned him respect among business moguls such as Warren Buffet. George has been of help to refugees supporting them in their undertakings. Soros has this spot for refugees as he together with his father were able to escape the Nazis persecution by the help of false papers. Soros also worked as a trader and an analyst for various firms including working for F.M Mayer.