2019
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At its founding, Quantum Fund had $12 million in assets under management, and as of 2011 it had $25 billion, the majority of Soros's overall net worth. [18] Soros is known as "The Man Who Broke the Bank of England " as a result of his short sale of US$10 billion worth of pounds sterling , which made him a profit of $1 billion, during the 1992 ...
92-year-old George Soros has amassed a $6.7 billion fortune and donated scores of money to philanthropic and political causes—and has drawn conspiracy theories in recent years. By Ana Faguy...
- Founder
- Early Life and Education
- Notable Accomplishments
- Soros's Investment Style
- The Bottom Line
Soros, who is of Jewish descent, was born in Budapest in August 1930 and survived the Nazi occupation of Hungary, emigrating to England in 1947. He earned a doctorate from the London School of Economics before embarking on a career in banking.He founded his first hedge fund, then called Double Eagle, in 1969.
"The man who broke the Bank of England"
George Soros is most famous for a single-day gain of $1 billion on Sept. 16, 1992, which he made by short selling the British pound. At the time, England was part of the European exchange rate mechanism (ERM), a fixed-exchange-rate agreement among a number of European countries. The other countries were pressuring England to devalue its currency or leave the system. After resisting the devaluation for some time, England floatedits currency and the value of the pound dropped. Using leverage, S...
Soros and Brexit
More recently, Soros has been vocal about the precarious future of the European Union in the wake of Britain's 2016 vote to leave the union and the continuing refugee crisis that has brought millions of Middle Eastern refugees to Europe. Soros warned of an existential crisis facing Europe.He has set forth a plan to rescue Europe from a pending crisis by tackling three major issues: the refugee crisis, territorial breakups like Brexit, and the austerity crisis that has plagued countries like I...
George Soros is unique among highly successful investorsin admitting that instinct plays a large role in his investment decisions. Nonetheless, he is famously well-informed about economic trends on a regional and global level and is known to use this knowledge to exploit market inefficiencies with large, highly leveraged bets. Soros has both the ca...
As one of the most noteworthy investors in modern history, George Soros is known for making outsized bets against the British pound, and later the Thai baht. With the success of his currency bets, Soros has donated billions to promoting democracy and backing liberal causes around the world through the Open Society Foundations.
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2 days ago · Net Worth Summary. Cash. Private asset. Public asset. Misc. liabilities. 👆 Mouse over or tap for more info. Confidence rating: Soros's fortune is held in Soros Fund Management, the hedge...
May 30, 2018 · In 2017, while he was ranked as the 29th wealthiest person in the world by Forbes magazine, it emerged that he had transferred $18bn (£13.5bn) or an estimated 80% of his personal wealth into...
Apr 8, 2024 · George Soros’s net worth: $6.7B, estimated as 369th highest in the world according to Forbes. Where George Soros lives: He is a dual citizen of the U.S. and Hungary, and owns several...
Apr 2, 2014 · (1930-) Who Is George Soros? Investor and philanthropist George Soros survived Nazi occupation followed by Communist-rule in Hungary in the mid-1940s and emigrated to London. There he studied...
