George Soros is one of the most influential hedge fund managers in the United States. Although Soros is now worth an estimated $25.2 billion, he wasn’t born into a wealthy family. Soros was born in 1930 in Budapest, Hungary. Both of his parents were of Jewish descent. When the Nazis took over Hungary during World War II, Soros fled to England to avoid being sent to the German concentration camps. While in London, Soros enrolled in the London School of Economics where he studied philosophy under the influential Karl Popper. In order to finance his studies, Soros worked numerous menial jobs around the British capital.
After graduating the London School of Economics in 1954 with a Master’s degree in philosophy, Soros entered the financial world as a merchant banker in London. He then decided to moved to New York City in 1969. Once he arrived in NYC, Soros founded his own Wall Street hedge fund with $12 million. This hedge fund is now known as Quantum Fund. It wasn’t until 1992 that Soros had his first major success in the stock market. That’s the year Soros and fellow investor Stan Druckenmiller took a huge short bet on the British pound that racked in huge gains. It’s because of this famous short position that Soros is often called the “man who broke the Bank of England.” Soros now presides over the much larger Soros Fund Management, which has around $30 billion in assets. Read more at The New York Times about George.
While people involved in finance know of Soros as an investing legend, the general public is probably more familiar with his philanthropic work. Soros first became involved in politics during the 2004 U.S. presidential race. Ever since then, George Soros has been a staunch supporter of the Democratic Party, humanitarianism, and universal human rights. He set up the Open Society Foundations to donate grants to groups around the world dedicated to advancing social justice.
In recent years, Soros has donated millions of his own money to help the refugees coming into Europe as well as various civil rights groups in the USA. He was a prominent supporter of the Hillary Clinton campaign and he continues to be a strong critic of President Donald Trump’s policies. After President Trump was elected, Soros donated millions of dollars to various groups around the nation dedicated to fighting hate speech and racism. Learn more about his profile at businessinsider.com.
The driving force behind much of Soros’ activism has to do with his own experience of bigotry at the hands of the Nazis. He says discrimination of any kind should never be tolerated, no matter a person’s race or ethnicity. George Soros is currently married to his third wife Tamiko Bolton. He has a total of five children and lives in New York.