George Soros | |
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![]() Soros at the 2011 Munich Security Conference
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Born |
Schwartz György August 12, 1930 Budapest, Hungary |
Citizenship | Hungary, United States |
Alma mater | London School of Economics |
Occupation | Investor, hedge fund manager, and philanthropist |
Known for | Managing Soros Fund Management Founding the Open Society Foundations Advising the Quantum Fund |
Net worth | US$25.2 billion (May 2017) |
Spouse(s) |
Annaliese Witschak (m. 1960; div. 1983) Susan Weber Soros (m. 1983; div. 2005) Tamiko Bolton (m. 2013) |
Children | 5, including Jonathan and Alexander |
Relatives | Paul Soros (brother) |
Website | www.georgesoros.com |
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George Soros (/ˈsɔːroʊs/ or /ˈsɔːrɒs/; Hungarian: Soros György, pronounced [ˈʃoroʃ ˈɟørɟ]; born August 12, 1930) is a Hungarian-American investor, business magnate, philanthropist, and author. Soros is considered by some to be one of the most successful investors in the world. As of May 2017, Soros has a net worth of $25.2 billion, making him one of the 30 richest people in the world.
Born in Budapest, he survived Nazi Germany-occupied Hungary and emigrated to England in 1947. He attended the London School of Economics graduating with a bachelor's and eventually a master's in philosophy. He began his business career by taking various jobs at merchant banks before starting his first hedge fund, Double Eagle, in 1969. Profits from his first fund furnished the seed money to start Soros Fund Management, his second hedge fund, in 1970. Double Eagle was renamed the Quantum Fund and was the principal firm Soros advised. At its founding, the Quantum Fund had $12 million in assets under management, and as of 2011 it had $25 billion, the majority of his overall net worth. He is known as "The Man Who Broke the Bank of England" because of his short sale of US$10 billion worth of Pound sterling, making him a profit of $1 billion during the 1992 Black Wednesday UK currency crisis.