Popularly known as the man who broke the Bank of England, George Soros is definitely one of the best known investors, philanthropists and business magnate of our times. The striking title was given to him unofficially after he and a friend, Stan Druckenmiller, were successfully able to short the British Pound in 1992. Looking at him now it is hard to believe that this is a man who was born under the harshest of conditions and had to practically claw his way to the top.
George Soros was born in Nazi Hungary on August 12, 1930 and was lucky to escape from the tribulations of his time to England. But things were not rosy in his new adopted home either and he had to take on low paying jobs- including working as a railway porter and as a waiter- in order to afford to put himself through the London School of Economics. However things eventually started looking up for him when he got a job at a merchant bank in what he occasionally refers to as his first real introduction to the finance market. He later moved to the Big Apple and in 1969 set up his own edge fund with about $12 million. The fund was later rebranded as the Quantum Fund. But his biggest financial break was the successful shorting of the British Pound which he was able to do in the year 1992. Read more at The New York Times about George.
Today George Soros is ranked among the Top 30 richest people on the planet and he does not seem to be slowing down either. Forbes placed his total net worth at $25.2 Billion as at the end of February 2017. Most of his investments are managed under the Soros Fund Management cloud which at present boasts more than $30 million in assets.
Besides being a successful investor and business magnate, George Soros is also widely known for is philanthropic contributions and for his contributions to world politics.
Through the Open Society Foundation, an organization that he started as part of his political and philanthropic contributions, Soros has contributed millions of dollars to be used in advancing political causes that are of interest to the people in different parts of the world in which the organization operates.
Mr. Soros has been one of the most vocal proponents of liberalism and most of his political contributions are usually driven towards the more liberal causes rather than towards conservative causes. Perhaps his views may have been formed out of a tough childhood during which he experienced firsthand the brutal effects of conservative and protectionist politics. He was an avid supporter of the Democratic Party during the American elections held last year and his effect in those spheres still continues to be felt to date. Read this story about George at Politico.com.