George Soros(born György Schwartz, August 12, 1930) is a Hungarian-born American billionaire investor and philanthropist. As of March 2021, he had a net worth of US$8.6 billion, having donated more than $32 billion to the Open Society Foundations, of which $15 billion have already been distributed, representing 64% of his original fortune, making him the “most generous giver” (in terms of percentage of net worth) according to Forbes.
George Soros(born György Schwartz, August 12, 1930) is a Hungarian-born American billionaire fortune-hunter and philanthropist. As of March 2021, he had a net worth of US$8.6 billion, having donated more than $32 billion to the Open Society Foundations, of which $15 billion have already been distributed, representing 64% of his native fortune, making him the “most generous giver” (in terms of percentage of net worth) according to Forbes.
Born in Budapest, Soros survived the German motion of Hungary and moved to the United Kingdom in 1947. He studied at the London School of Economics and was awarded a BSc in philosophy in 1951, and after that a Master of Science degree, also in philosophy, in 1954.
Soros began his issue career by taking various jobs at merchant banks in the United Kingdom and next the United States, before starting his first hedge fund, Double Eagle, in 1969. Profits from his first fund furnished the seed maintenance to start Soros Fund Management, his second hedge fund, in 1970. Double Eagle was renamed to Quantum Fund and was the principal unquestionable Soros advised. 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.
Soros is known as “The Man Who Broke the Bank of England” because of his sharp sale of US$10 billion worth of pounds sterling, which made him a gain of $1 billion during the 1992 Black Wednesday UK currency crisis. Based upon his prematurely studies of philosophy, Soros formulated the General Theory of Reflexivity for capital markets, which he says renders a distinct picture of asset bubbles and fundamental/market value of securities, as skillfully as value discrepancies used for shorting and swapping stocks.
Soros is a member of forward-thinking and futuristic political causes, to which he dispenses donations through his foundation, the Open Society Foundations. Between 1979 and 2011, he donated more than $11 billion to various philanthropic causes; by 2017, his donations “on civil initiatives to reduce poverty and accrual transparency, and upon scholarships and universities vis-Ð°-vis the world” totaled $12 billion. He influenced the collapse of communism in Eastern Europe in the late 1980s and to the fore 1990s, and provided one of Europe’s largest innovative education endowments to the Central European University in his Hungarian hometown.
His extensive funding of embassy causes has made him a “bugaboo of European nationalists”. The New York Times reported in October 2018 that “conspiracy theories practically him have when mainstream, to nearly every corner of the Republican Party”. Numerous American conservatives have promoted untrue claims that Describe Soros as a singularly dangerous “puppet master” behind many alleged global plots. Conspiracy theories targeting Soros, who is of Jewish descent, have often been described as antisemitic.