George Soros Net Worth $25.2 billion
George Soros salary $1,000,000,000
George Soros Net Worth: How rich is George Soros? & How much money is George Soros worth? Time to find out!
George Soros is a Hungarian-American investor, business magnate, philanthropist, and author and his current net worth is $25.2 billion.
Born in Budapest in the Kingdom of Hungary, to a well-to-do non-observant Jewish family, Soros described his home as anti-Semitic.
His parents, Erzsébet and Tivadar, an Esperantist writer who taught Soros to speak Esperanto, married in 1924.
The family changed their name from the German-Jewish Schwartz to Soros, as a measure of protection in increasingly anti-Semitic Hungary.
In 1944 Nazi Germany occupied Hungary, when Soros turned 13 years old. The Nazis banned Jewish children from attending school and Soros along with other children had to report to the Judenart (Jewish Council).
He didn’t return there because his family bought documents mentioning that the family was Christians.
Soros would often pose as the Christian godson of an official of the collaborationist Hungarian government, and rather than leave him alone, the official took him along.
After surviving the war and the Siege of Budapest, he immigrated to England. There he attended the London School of Economics.
While a student, he worked as a railway porter and as a waiter. Upon graduating from London School of Economics he received a Bachelor of Science in philosophy and a Master of Science in philosophy.
Back then finding a job proved rather difficult, and settled for one as a traveling salesman for a fancy-goods wholesale.
He even wrote to many companies in order to get interviews, with many ignoring him, and others humiliating him in the interviews.
After he took several jobs at merchant banks, he started his first hedge fund, Double Eagle, in 1969.
With profits from the hedge fund, he started Soros Fund Management, his second hedge fund, the following year.
Renamed into Quantum Fund, Double Eagle had $12 million in assets under management and became the principal company he advised.
As of 2011, the company had $25 billion in assets, which represented the majority of his overall net worth.
The investor, considered by some to be one of the most successful investors in the world, is famous as “The Man Who Broke the Bank of England”.
He got that nickname because of his short sale of US$10 billion worth of Pound sterling, which made him a profit of $1 billion, during the 1992 Black Wednesday UK currency crisis.
He played a significant part in the peaceful transition from communism to capitalism in Eastern Europe. Soros and provided one of Europe’s largest higher education endowments to the Central European University in his hometown.