Last Updated: 29 Mar, 2024 | Views: 551
Age: 94
Profession: Business Men
Other Profession(s): Author, Philanthropist, Investor, Hedge Fund Manager
Famous For: Founder of Soros Fund Management
Higher Education: London School of Economics (BSc, MSc)
Net Worth: $6.7 Billion
About (Profile/Biography):
George Soros was born on 12th August 1930 in Budapest, Hungary. George Soros' father Tivadar was a lawyer and a renowned author who edited the Esperanto magazine Literatura Mondo and raised George Soros to speak the language. George Soros survived Nazi occupation of Hungary and moved to the United Kingdom in 1947. George Soros joined the London School of Economics. George Soros was awarded a BSc in philosophy in 1951, and earned a Master of Science degree, also in philosophy, in 1954.
George Soros Career:
George Soros Early Career:
• George Soros started their career working in British and American merchant banks before setting up the first hedge fund, Double Eagle, in 1969.
• Profits from the fund offered by the seed money for Soros Fund Management of second hedge fund in 1970.
George Soros Investment Career:
• George Soros began his financial career at the merchant bank Singer & Friedlander of London. George Soros worked as a clerk and later moved to the arbitrage department.
• George Soros specialized in European stocks which become popular with U.S. institutional investors in the development of the Coal and Steel Community, which later became common in the market.
George Soros Political Involvement
• Until the 2004 presidential election, George Soros was a prominent donor to U.S. campaigns. According to OpenSecrets, at the 2003–2004 election cycle, Soros donated $23,581,000 to various 527 Groups.
• George Soros donated $35 million to the state of New York to earmarked for underprivileged kids and given to parents with benefit cards.
George Soros Work in Philanthropy
• George Soros financially supported dissidents such as Poland's Solidarity movement, Charter 77 in Andrei Sakharov, and Czechoslovakia in the Soviet Union.
• A 2017 study found that an extensive program by George Soros awarded funding to over 28,000 scientists in the former Soviet republics.
George Soros Writing Finances
• George Soros's writings focus on the concept of reflexivity, where the biases of people enter into market transactions and potentially change the fundamentals of the economy.
• George Soros argues that different principles apply in markets, focusing on whether they are in a "near to equilibrium" or a "far from equilibrium" state.
George Soros Awards
• 2018: Financial Times Person of the Year
• 2019: Ridenhour Prize
George Soros Unknown Facts:
Did not believe in God: In a 1998 interview with CBS News, George Soros said he was not religious, and he did not believe in God.
Ranked number 1 in LCH Investments list: George Soros was ranked on top in LCH Investments list of top 20 managers and gains of almost $42 billion from the launch of his Quantum Endowment Fund in 1973.
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