The hedge fund billionaire George Soros was born in Budapest, Hungary in 1930. When a teenager, he fled his native country in 1947 after World War II. He left to attend the London School of Economics. He graduated with a B.A. and then a M.A. in Philosophy. He still states that the principles that he learned during his education in philosophy helped him to formulate financial concepts that led him to his enormous success. Read more about George’s life story at biography.com.
After his education, he immediately commenced his incredibly successful career in finance with a position at a merchant bank. In 1969 he moved to New York, where he started his first hedge fund on Wall Street. This first investment venture was with F.M. Meyer and Wertheim & Co. By far his biggest financial milestone came in 1992 when he ensured his future huge fortune shorting the British pound on Black Wednesday.
Soros is very open about his strong opinions of both political and global economic issues. He has often voiced these opinions on financial radio and television broadcasts. He has long taken a strong hand in world politics, playing a key role in the transition of some of the European countries from communism to capitalism. His opinions are extremely liberal and he remains in strong support of liberal candidates.
He is very actively and verbally opposed to most conservative politicians. In 2004 he gave the massive amount of $27 million dollars in an attempt to defeat George Bush. Although since that time he has somewhat tempered his political financial giving, it is still great. During the recent presidential campaign, he gave more than $25 million to help the campaign of Hillary Clinton. He is particularly opposed to Donald Trump. His massive political giving is all accomplished via his foundation, the Open Society Foundations. His prediction for the future of Europe and China, who is currently experiencing hard times is optimistic, with both ending up safe and sound.
Soros Fund Management currently has over $30 billion in assets. Since 2000 Soros has had seven chief investment officers. The current CIO of this impressive empire is Dawn Fitzpatrick, one of the world’s top female investment professionals. In 2008, he met his current wife who is 45 years younger. He married her on September 21, 2013. The two remain happily married.
George Soros himself is technically in semi-retirement, but he remains very active in the financial world. He first entered this semi-retirement phase in 2011 when he stated he was handing over fund management to the then CIO, Scott Bessent. But although he has stated that that is most likely his last time doing so, he had “retired” several times before that. He is currently estimated to be worth about $25 billion, give or take a few million. Learn more on Discover the Networks about George Soros.