George Soros Net Worth

Net Worth:	$9 Billion
Date of Birth:	August 12, 1930 (94 years old)
Gender:	Male
Profession:	Speculator, Investor, Businessperson, Entrepreneur, Analyst, Financier, Trader, Business magnate
Nationality:	Hungary

What is George Soros’ net worth?

George Soros is a Hungarian-American entrepreneur, humanitarian, stock investor, currency speculator, and social activist, who has a net worth of $9 billion. George founded Soros Fund Management.

The company, which was founded in 1970, eventually generated gains for investors of more than $30 billion. It is estimated that the corporation presently manages a $45 billion asset base.

Soros is a well-known philanthropist. He founded the nonprofit organization, the Open Society Foundations, and as of the time of this writing, had donated $32 billion of his personal wealth to it.

Approximately $15 billion has been given by the Open Society Foundations to various nonprofits thus far. In an effort to advance progressive ideas and human rights initiatives, Soros, a Holocaust survivor, has contributed to a wide range of cultural undertakings over the course of his remarkable career.

Childhood

George Soros was born in Budapest, Kingdom of Hungary, on August 12, 1930. When Soros was a little child, he experienced the awful social atrocities of the Nazi occupation in the years 1944 to 1945.

During this difficult period in history, being a Jew meant facing death in Nazi-occupied Europe. In a short period, more than 500,000 Hungarian Jews were murdered. The horror of this time period being introduced to little George at such a young age undoubtedly had an impact on him because his Jewish family was at risk of being abducted and killed.

By obtaining fake identification documents and disguising their pasts, Soros and his family were fortunate to be able to avert a terrible fate. Perhaps at the beginning of Soros’ charity career, he and his family assisted countless other Jewish families in need of papers by obtaining necessary documents.

Years later, Soros remarked on the event and clarified: “We refused to accept our fate and instead battled a powerful evil force, but we won. We not only made it through, but we also had the ability to assist others.”

The Communist Party of Hungary seized political power at the end of World War II. As a person who upheld democratic principles, Soros traveled from Budapest to London, England, in 1947, where he worked as a waiter and a railway porter while enrolling at The London School of Economics.

Finance Career

In the end, Soros moved to America, where he started his career in finance and investing. This step helped to shape his destiny as a well-known financier around the world. He had positions as an arbitrage trader for F. M. Mayer and an analyst for Wertheim & Co.

The Soros Funds Management company was established in 1973. After a number of decades, Soros Funds Management would come to be known as one of the most successful hedge funds in history, providing its investors with an average yearly return of 20%.

Quantum Group of Funds receives advice from Soros Fund Management, which also invests in private equity and venture capital funds as well as public equities and fixed-income markets, as well as foreign exchange, currency, and commodity markets.

Soros shorted British pounds in 1992 to the tune of $10 billion USD. That short bet nearly overnight turned into a $1 billion windfall for Soros as a result of the 19992 “Black Wednesday” UK currency crises. Eventually, Soros would earn the moniker “the guy who broke the Bank of England.”

Charity Works

George Soros reflected on his professional advancements in a piece titled “My Success in the Financial Markets Has Given Me a Greater Degree of Independence Than Most Other People.”

While “most other people” could utilize that independence to live a carefree life of luxury and boastful material pleasures, George Soros has fashioned a legacy of compassion and benevolence after overcoming huge challenges and witnessing nightmare social injustices.

Soros used his vast riches to found The Open Society Foundations, a charity organization, in 1979. Actually, the foundation is a global network of partners and foundations with presence in over a hundred countries.

His work has had a significant positive impact on the concepts of individual rights, democracy, and freedom of expression.

The Open Society Foundations began by offering scholarships to black South Africans who were living under apartheid, financed numerous academic journeys to the West, promoted free thought in communist Hungary throughout the 1980s.

Soros established the Central European University in an effort to open the hitherto narrow thinking of that region of the world following the fall of the Berlin Wall.

Later, Soros expanded his philanthropy endeavors too numerous other countries and regions, including the USA, Africa, Latin America, and Asia.

He worked to advance social justice, democracy, and accountability. In the 1980s, 1990s, and 2000s, Soros, a proponent of individual liberty for everyone, publicly funded a number of social justice initiatives. He criticized the hypocrisy of the US government’s well-known “War on Drugs,” saying that it was “perhaps more damaging than the drug problem itself.”

As a lifelong supporter of the underdog, Soros attempted to include in his charity donations those communities that frequently experience marginalization, such as drug users, sex workers, and LBGTQ people.

Soros, an outspoken advocate for same-sex unions and the legalization of marijuana, made significant contributions to his organization that paved the ground for social progress.

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