George Soros: A Truly Self-Made Billionaire

George Soros is one of the most powerful hedge fund managers on earth. Born into a Hungarian Jewish family in 1930, Soros has vivid memories of the German occupation of his home country during World War II. This early experience with discrimination would later shape Soros’ political opinions. Thankfully, Soros was able to flee Nazi-occupied Hungary and earned a place in the U.K.’s prestigious London School of Economics. In order to afford the tuition at this school, Soros worked as both a waiter and railway porter in Britain. Soros graduated with both a Bachelor of Science and a Master of Science in philosophy from London School of Economics in 1954 as seen on Biography. Just a few months after graduation, Soros joined the financial team at Singer & Friedlander as a clerk. After a few years working at Singer & Friedlander in London, Soros decided to move to New York City and work as an arbitrage trader for F.M. Mayer. In 1969, Soros established his own hedge fund, now called Quantum Fund. Soros now heads Soros Fund Management, which currently has around $30 billion in assets.

Perhaps even more famous than his trading strategies, Soros is known around the world for his vocal support of liberal and social justice causes reported on Politico. Most recently, Soros has pledged to spend $500 million of his own money helping companies in Europe employ and train refugees. Soros has also donated $3 million to a Hispanic super PAC aimed at helping American immigrants have their say in the democratic process. It’s currently estimated that Soros’ Open Society Foundations have given $5 billion to hundreds of social justice organizations around the world. A few of these organizations on discoverthenetworks.org include the Arab American Institute, the Ruckus Society, the Institute for America’s Future, and the People for the American Way. Soros has also been a vocal critic of President Donald Trump. To combat rise in hate speech and hate crimes across the USA, Soros has donated millions of dollars to social justice organizations across the nation.

Soros was number 23 on Forbes’ 2016 list of the richest people on the planet. He is now considered by Forbes to be a truly self-made man with an official score of ten out of ten. His real time net worth is currently around $25 billion. Soros lives with his third wife Tamiko Bolton in Katonah, New York. He has a total of five children.