George Soros is a hedge fund legend who is also known as “The man who broke the bank of England”. His incredible skills in the bull market investment made him the World’s Champion Bull Rider. Soros is one of the influential persons in the stock market for more than 3 decades. He is widely known for his philanthropy all over the world. Moreover, he is a political influencer who has a big role in the collapse of communism in Eastern Europe.
What is the net worth of George Soros?
Having a net worth of $24 Billion in 2015 Soros was listed 29 among the world’s richest persons. His donation of billions of funds in humanitarian causes made him the most generous giver. Now he possesses a net worth of $8.6 billion.
|Year||Net Worth||Increase Rate|
|2022||$8.6 billion||3.61% increase|
|2020||$8.3 billion||3.75% increase|
|2019||$8 billion||65.22% decrease|
|2018||$23 billion||7.63% decrease|
|2017||$24.9 billon||2.89% increase|
Early life and Education
He was born to a Jewish family in Budapest in Hungary. As at that time the Hungarian Jewish community was facing the crisis of war raising him was a big challenge for parents Elizabeth and Tivadar. Disguising their Jewish background his father Tivadar changed their surname from the German-Jewish Schwartz to Soros. During the Nazi occupation, they purchased some documents for establishing their Christian identity.
In 1947 Soros migrated to England and enrolled as a student of philosophy at the London School of Economics. He was influenced by the writings of the philosopher Karl Proper and studied under his guidance. From this institution, he completed his Bachelor of Science in 1951, and in 1954 he was graduated with a Master of Science in philosophy.
It is mentionable that he had to work as a railway porter and a waiter from his early student life. His leadership qualities flourished as he often delivered his speech about internationalism at the Speaker’s Corner.
Before getting a job in 1954 in a merchant bank he had a variety of jobs and used to sell fancy goods on the seaside, souvenir shops. Soros worked as a clerk at the merchant bank Singer & Friedlander of London. Then he moved to the arbitrage department of the same bank. As he was good at this he got an offer from the F.M. Mayer of New York.
In 1956, he moved to New York City and began working as an arbitrage trader for F.M. Mayer. After working 3 years in F.M. Mayer he moved to Wertheim and Co. He wanted to revise his study on philosophy so he planned to save some money.
Soros got a detailed idea about the market values and economy. He developed the theory of reflexivity from his experience of market values.
In 1963 he got appointed as a vice president at Arnhold and S. Bleinchroeder. For the next three years, he focused on philosophical studies. Because of his successful management the firm let him experiment with his trading strategies with $100,000 from its fund. He then managed a small investment fund named the First Eagle Fund.
Later in 1969, Soros set up the Double Eagle hedge fund. He made a huge profit from this project. After one year he established his second hedge fund named Soros Fund Management and he was the chairman of this project. In 1973 he left the Double Eagle fund and renamed the Soros Hedge fund to Quantum Fund. The value of the fund has grown to a great extent as his business was thrilling.
On the other hand, he was destined to establish his philosophical views all over the world. He believed that democracy is the only way to establish peace in the world. His pro-democracy works and the steps against communism proved his stance. Through his successful initiatives, there was a peaceful transition from communism to democracy in Hungary from the year 1984 to 1989.
From 2005 and onwards, Soros was funding the pro-democracy protesters in Kazakhstan, Turkmenistan, Russia, and some other countries. The government of Russia had imposed sanctions against foreign aid for the NGOs working there.
In the late 1980s, he began betting on currencies. He made hundreds of millions of dollars shorting the U.S. dollar. By 1987 he was well known to investors around the world. He made a profit of $1 billion betting against the pound the currency of the United Kingdom.
Not just in Europe, Soros is widely acknowledged for his economic influence all over the world. In 1997 he was accused by the Malaysian Prime Minister of plunging the currency of Asian nations. According to his views, Soros was responsible for the ongoing economic crisis at that time.
After 2004 he was actively participating in the elections of the United States. He was one of the main donors of the Democrats. He became the largest donor donating more than $500,000 in the election campaign of 2020.
Soros is one of the biggest philanthropists in the world. He has a foundation named Open Society Foundation which performs humanitarian works all over the world. He gave $50 million for education and rural development in the African villages. It is estimated that he has donated a total of $15 billion throughout his career.
Gradually in the twenty-first century, the Quantum Fund became the most successful hedge fund in history. And Soros is now among the leading billionaires of the world.
George Soros’s Wife
He was married to Annaliese Witschak in 1960 and the couple had three children. They were separated after having a divorce in 1983.
In the same year, he married Susan Weber. He fathered two children. However, this marriage was also broken in 2005.
After long 8 years, Soros married Tamiko Bolton who is a historian. They have no children.
Unlike most public figures George Soros has made his phone number public. His phone number is 12.320.5526.
He lives in the 250 West 55th Street 29th Floor New York, NY 10019 United States
|Email Address||Office: Michael.Vachon@soros.com|
|Discord/Telegram Number||Not Available|
|Personal Website||Not Available|
|Snap chat||Not Available|
|Real Name||Gyorgy Schwartz|
|Age||81 years old|
|Height||In feet: 5.9 |
In meter: 1.80m
In CM: 180cm
|Weight||In Kilograms: 80 kg |
In Pounds: 176 Ibs
|Relationship||Wife: Annaliese Witschak(Married), Susan Weber(Married), Tamico Bolton(Married)|
|Children||Robert Daniel Soros, Andrea Soros Colombel, Jonathan Tivadar Soros, Alexander Soros, Gregory James Soros.|
|Parents||Father: Tivadar Soros |
Mother: Erzsebet (Elizabeth)
With his hard work and continuous effort, Soros proved his potential. He is now a brand all over the world. His life was full of achievement, thrill, and pride. His impact on the world economy and politics is unforgettable.