George Soros[a]HonFBA (born György Schwartz; August 12, 1930)[1][2] is a Hungarian-American[b] businessman, investor, philanthropist and a liberal political activist.[7][8][9] As of October 2023[update], he had a net worth of US$6.7 billion,[10][11] having donated more than $32 billion to the Open Society Foundations,[12] of which $15 billion has already been distributed, representing 64% of his original fortune. In 2020, Forbes called Soros the "most generous giver" (in terms of percentage of net worth).[13] He is a resident of New York.[14]
Born in Budapest to a non-observant Jewish family, Soros survived the Nazi occupation 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 then a Master of Science degree, also in philosophy, in 1954.[15][16][17] Soros started his career working in British and American merchant banks, before setting up his first hedge fund, Double Eagle, in 1969.[18] Profits from this fund provided the seed money for Soros Fund Management, his second hedge fund, in 1970. Double Eagle was renamed Quantum Fund and was the principal firm Soros advised. At its founding, Quantum Fund had $12 million in assets under management, and as of 2011[update] it had $25 billion, the majority of Soros's overall net worth.[19]
^Weiss, Gary; Schares, Gail E.; Smith, Geri; Dwyer, Paul; Sandler, Neal; Pennar, Karen (August 22, 1993). "The Man Who Moves Markets". Bloomberg Businessweek. Archived from the original on December 22, 2015. Retrieved December 15, 2015.
^"George Soros". Forbes.com. Archived from the original on March 2, 2020. Retrieved June 25, 2021.
^"Bloomberg Billionaires". Bloomberg.com. Archived from the original on April 16, 2016. Retrieved February 6, 2015. Note that this site is updated daily.
^"George Soros". Open Society Foundations. Archived from the original on October 16, 2012. Retrieved December 13, 2018.
^Ferguson, Niall; Schlefer, Jonathan (September 9, 2009). "Who Broke the Bank of England?". Harvard Business School BGIE Unit Case No. 709-026. SSRN1485674.
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