George Soros born on August 12, 1930, is an HonFBA. is an American businessman and philanthropist of Hungarian descent. He donated more than $32 billion to the Open Society Foundations, of which $15 billion has already been given, or 64 percent of his initial fortune, and as of March 2021, he had a net worth of US$8.6 billion. He was dubbed the “most generous giver” by Forbes.
Soros, who was raised in a non-observant Jewish household and was born in Budapest, fled to the UK in 1947 after surviving the Nazi occupation of Hungary. He received a BSc in philosophy from the London School of Economics in 1951, followed by a Master of Science in philosophy in 1954.
Before founding his first hedge fund, Double Eagle, in 1969, Soros started his commercial career by working in a variety of positions in merchant banks in the United Kingdom and later the United States. His second hedge fund, Soros Fund Management, was founded in 1970 with the help of the first hedge fund’s profits. Quantum Fund, formerly known as Double Eagle, was the main business Soros counseled. In 2011, Quantum Fund had $25 billion in assets under management, more than half of Soros’s total net fortune, up from $12 million when it was founded.
Networth
With a $9 billion net worth, George Soros is a businessman, philanthropist, stock investor, currency speculator, and social activist. George founded Soros Fund Management, which is how he made his fortune. The company, which was established in 1970, eventually made more than $30 billion in profits for investors. Currently, the company is thought to be in charge of $45 billion worth of assets.
| Net Worth: | $9 Billion |
| Date of Birth: | Aug 12, 1930 (91 years old) |
| Gender: | Male |
| Profession: | Speculator, Investor, Businessperson, Entrepreneur, Analyst, Financier, Trader, Business magnate |
| Nationality: | Hungary |
Major benefactor Soros is. He has donated $32 billion of his personal wealth as of this writing to the Open Society Foundations, a nonprofit organization he created. To far, Open Society Foundations has given about $15 billion to a variety of charities.
Soros, a survivor of the Holocaust, supported numerous cultural endeavors throughout his successful career in an effort to advance progressive views and human rights movements.
Early Life
On August 12, 1930, George Soros was born in Budapest, Kingdom of Hungary. Soros, who lived through the Nazi occupation from 1944 to 1945, saw enormous societal evils while still a youngster. Being Jewish in Nazi-occupied Europe at this terrible time in history was frequently a death sentence. Over 500,000 Hungarian Jews were slaughtered in a relatively short period of time.
Young George, whose Jewish family was at risk of being kidnapped and killed, surely felt an influence from witnessing the terror of this time at such a young age.
By obtaining fake identification documents and hiding their histories, Soros and his family were fortunate enough to avoid an otherwise grim end. Soros and his family helped many other Jewish families who were about to perish by securing paperwork, which may have been the start of his charitable career.
Read More: George Strait Net Worth 2022: Income of This Famous Celebrity This Year!
Career
Soros finally moved to the United States, where he started his career in finance and investing. This step prepared the road for him to become a well-known financier around the world. He had positions with Wertheim & Co. as an analyst and F. M. Mayer as an arbitrage trader.
Soros established Soros Funds Management in 1973. Years later, Soros Funds Management would come to be known as one of the most successful hedge funds in history, giving his investors returns of 20 percent annually on average for more than four decades.
Quantum Group of Funds receives advice from Soros Fund Management, which also invests in private equity and venture capital funds as well as the public equities, fixed income, and commodity markets. The transportation, energy, retail, and finance industries are some of the areas where the corporation has major reported investments.
Personal Life
Soros has gone through three marriages and two divorces. He wed Annaliese Witschak in 1960. (born January 3, 1934). Having grown up as an orphan during the war, Annaliese was a German immigrant of ethnicity. She wasn’t Jewish, but Soros’s parents liked her since she had also gone through the hardships and displacement caused by World War II. In 1983, they got divorced. Three kids were born to them.
Robert Daniel Soros, born in 1963, is the creator of a network of foundations in Eastern Europe including the Central European University in Budapest. He wed Melissa Robin Schiff in 1992 at New York City’s Temple Emanu-El. Dr. David Posner, a rabbi, presided over the service.
Andrea Soros Colombel (born June 11, 1965) is the founder and president of the Trace Foundation, which was founded in 1993 to support Tibetan communities living in China and their efforts to maintain their cultural traditions and develop sustainably. In addition, she is a founding partner and a member of the board of directors of the Acumen Fund, a worldwide venture fund that uses an entrepreneurial strategy to combat the issues associated with global poverty. Her husband is Eric Colombel (born October 26, 1963).
Jonathan Tivadar Soros, a political donor, and hedge fund manager, was born on September 10, 1970. He helped co-found Friends of Democracy in 2012, a super PAC whose goal is to lessen the impact of money on politics. He wed Jennifer Ann Allan in 1997. (born November 26, 1969).
George Soros wed Susan Weber in 1983. In 2005, they got divorced.
Read More: Errol Musk Net Worth: American Electromechanical Engineer Early Life, Career and More Updates!
Awards and Prizes
From the New School for Social Research in New York, the University of Oxford in 1980, the Corvinus University in Budapest, and Yale University in 1991, Soros was awarded honorary doctorates. In 1995, he was awarded an honorary degree in economics by the University of Bologna.
Along with Alfred Jones, Bruce Kovner, David Swensen, Jack Nash, James Simons, Julian Roberston, Kenneth Griffin, Leon Levy, Louis Bacon, Michael Steinhardt, Paul Tudor Jones, Seth Klarman, and Steven A. Cohen, Soros was inducted into Institutional Investors Alpha’s Hedge Fund Manager Hall of Fame in 2008.
Soros was named first among the top 20 managers on LCH Investments’ list in January 2014 after recording gains of about $42 billion from the beginning of his Quantum Endowment Fund in 1973.
The British Academy (HonFBA), the country’s national academy for the humanities and social sciences, elected Soros as an Honorary Fellow in July 2017.
As “a standard bearer for liberal democracy, an ideology under siege from populists,” Soros was named the Financial Times Person of the Year for 2018. Soros received the Ridenhour Prize for Courage in April 2019.
In his speech of acceptance, Soros stated: “In my own Hungary, the Viktor Orbán administration has transformed me into the super-villain of a purported attempt to undermine the nation’s purportedly Christian identity. I give the Hungarian Spectrum, an online English-language journal that offers daily updates on Hungarian politics, the prize money linked with this honor. By revealing to the world what Prime Minister Viktor Orbán is saying to his own people, it provides a valuable service. Hungarian Spectrum merits more exposure and assistance.
Read More: Nancy Cartwright Net Worth: American Voice Artist Income, Bio & Career!
Death and Dying
One of the Open Society Institute’s projects, The Project on Death in America, which ran from 1994 to 2003, intended to “understand and transform the culture and experience of death and grief. In a speech he gave in 1994, Soros revealed that he had volunteered to assist his mother, a supporter of the Hemlock Society, in taking her own life. He also supported the Oregon Death with Dignity Act in the same speech, going on to contribute to the billboard campaign.