George Soros is a Hungarian born billionaire financier, philanthropist and novelist. The American businessman was once known as “The Man Who Broke the Bank of England” after speculating on the Pound Sterling, believing it was overvalued. George Soros is also a generous philanthropist, giving away millions of dollars every year to the poor and disadvantaged of the world. He also has numerous critics in both finance and politics.
George Soros was born in Budapest, Hungary on August 12, 1930. As a young man, Soros traded currencies in the black market. In 1946 Soros fled the Soviet occupation of Hungary and arrived in England. He then went on to study at the London School of Economics and graduated in 1952. Soros then emigrated and settled in the United States of America in 1956.
Upon moving to America, Soros set up an investment fund that went on to create his colossal fortune. It was his intention to simply support his love of writing from his Wall Street pay cheque, but his well timed investment decisions saw his wealth increase considerably each year. The Quantum Fund, went on to become one of the most triumphant managed investment funds ever, with a more than 30% increase annually over a 30 year period.
In addition to being a renowned financier, George Soros has founded the Open Society Institute and The Soros Foundation, which operates in 25 countries and spends hundreds of millions of dollars annually on major philanthropic efforts.
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