Chairman of Soros Fund Management.
George Soros was born on August 12, 1930 in Budapest, named Schwartz György. However, he is now known as “”The Man Who Broke the Bank of England””.
He was born to a non-observant Jewish family. His mother, Elizabeth, came from a family which owned a silk shop, while his lawyer father, Tivadar, became a prisoner of war. His father was able to escape and join his family in Budapest. Soros remembers how his parents were very cautious regarding their religious roots.
In 1936, George’s father changed their original name Schwartz (which means “”black”” in German) to “Soros” (which means “a successor” in Hungarian).
In 1947, Soros fled Communist-dominated Hungary and went to England. He graduated from the London School of Economics in 1952. This is where his interest grew in the work of Karl Popper, an Austrian-British philosopher who focused on science.
Soros later worked as a financial analyst in New York, where he realized he had more love and talent for trading than with philosophy. He began to apply his theories on reflexivity which led to his prediction of financial bubbles.
In 1973, he set up a private investment company that later became the Quantum Fund, one of the first hedge funds in the world.
Soros was also active in humanitarian efforts. He provided financial support for black students in the University of Cape Town in South Africa in 1979. He also created an educational and cultural foundation in 1984 in Hungary.
In the past three decades, Soros’s philanthropy has spawned a network of foundations aimed at promoting development of open societies in Africa, Asia, Europe, Latin America, and the United States.
He has given away over $8 billion to various causes in 70 countries around the world.
His published works include, but are not limited to, the following:
Financial Turmoil in Europe and the United States (2012)
The Soros Lectures: At the Central European University (2010)
The Crash of 2008 and What it Means: The New Paradigm for Finance Markets (2009)
The Age of Fallibility: Consequences of The War on Terror (2006)
The Bubble of American Supremacy (2005)
George Soros on Globalization (2002)
Open Society: Reforming Global Capitalism (2000)
The Crisis of Global Capitalism: Open Society Endangered (1998)
Soros on Soros: Staying Ahead of the Curve (1995)
Underwriting Democracy (1991)
Opening the Soviet System (1990)
The Alchemy of Finance (1987)
His net worth is estimated at $24 billion.