The father of finance is how the world refers to Soros. The businessman who established the Fund Management LLC is also among the most prominent philanthropists in the world. Gyorgy Schwartz, who was born in Hungary, changed his name to George Soros when he moved to England as a young child. She witnessed the Nazi occupation of her country and the fear for her Jewish family’s safety during the Battle of Budapest. His experiences as a young child influenced his political beliefs as he grew up, supporting capitalism. As a student of philosopher Karl Popper, he attended the London School of Economics. He relocated to New York and started a career in finance after graduating. He did not find much fulfillment in his work for others. He established Soros Fund Management, one of the most successful hedge fund firms in existence, for this reason. It sold short in 1992, during the UK’s Black Wednesday crisis, and made a profit of $1 billion. He started taking an active role in charitable projects in the 1970s and established the Open Society Foundation to aid political causes, as well as economic and social reforms. He is said to have given $8 billion so far to public health, education, and human rights causes.
The Hungarian couple Elizabeth and Tivadar gave birth to him there. His father is a war prisoner who has escaped and is a lawyer. Nazi Germany invaded Hungary at the age of 13. He even made it through the 1945 Battle of Budapest. He relocated to England in 1947 and lived with his uncle there. He attended the London School of Economics and enrolled in Karl Popper’s course. The Open Society and Its Enemies by Popper had a significant impact on him. His graduation was in 1952. He relocated to New York in 1956, where he worked for FM Mayer as an arbitrage trader until 1959. Financial analyst for Wertheim & Co. from then until 1963. Informed by Popper’s ideas, he modified them to create a theory of “reflexivity” that could explain how assets are valued in the market.
In 1963, he was chosen to be Arnhold and Bleichroeder’s vice president. However, he did not feel particularly content in his position, which he held until 1973.
Together with Jim Rogers, he established the Quantum Group of Funds in 1973, a privately held hedge fund. As part of the UK currency crisis on September 16, 1992, known as “Black Wednesday,” Soros earned US$1 billion by shorting the pound. In the 1970s, he started building a network of foundations based in Central and Eastern Europe, the Soviet Union, and Africa that worked to advance democratization, education, and public health. This was when he first engaged in charitable work. More than 60 nations around the world are served by Soros Foundations. He established Hungary’s first Open Society Institute in 1984 with a $3 million budget.
He established the New York-based Open Society Foundations (OSF) in 1993. Initiatives in the fields of independent media, education, and the rule of law are supported by foundations. Soros, a fervent supporter of liberal and progressive political ideologies, gave the America Progress Center between 3 and 20 million dollars to aid Democrats in the 2004 elections. The Millennium Promise’s efforts to offer healthcare and education to impoverished African villages were supported by economist Jeffrey Sachs.
He committed $50 million in support of the project in 2006. In 2009, he assisted the Institute for New Economic Thinking (INET) in raising $50 million for startup costs. Nonprofit organization The Institute is based in New York. He gave $1 million to the Drug Policy Alliance in 2010 to support Proposition 19, which would have legalized marijuana in California. Nerme was unable to win in the elections held in November 2010. The Age of Liveability: Consequences of the War on Terror and Open Society: Global Capital Reform, both published in 2001, are two of his books on financial and political issues (2006). He established the Open Society Institute, which is now known as the Open Society Foundations (OSF), which is in charge of running the global network of the Soros Foundation.
In 2000, the Yale School of Management presented him with the Yale International Finance Award. In 1960, he wed Annaliese Witschak; they were divorced in 1983. From his first wife, he has three kids. Susan Weber was the subject of his second marriage, which also ended in dissolution. This marriage produced two more offspring. The charity’s name is taken from Karl Popper’s book “The Open Society and Its Enemies.” On March 12, 2012, Forbes ranked him as the world’s 22nd richest person.
Hungary is the birthplace.
Nationality: Hungarian, American
Birthdate: 12 August 1930
Leo, Zodiac Sign
Size: 1.75M
Budapest, Hungary, is where I was born.
Tivadar Schwartz, the father
Erzebet Szucz, the mother
Siblings: Paul
Couple: Susan Weber and Annaliese Witschak
Alexander, Andrea, Gregory, Jonathan, and Robert are their names.
Quantum Fund is the founder or co-founder.
Net worth as of March 22, 2017: $25.2 billion
Education: Mississauga location of the University of Toronto and the London School of Economics
Yale International Financial Center Award and James Madison Award from 2000.
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