Though born in Hungary, he emigrated to England and later moved to the United States and is based in New York. He has dual citizenship for the United States and Hungary. He is famously known for two things, the Soros Fund Management, and the Open Society Foundations. George Soros started the Soros Fund Management because of the experience he had in setting up and running hedge funds. The reason for founding the Open Society Foundation was because of the influence Karl Popper, a philosopher he met when he was attending his undergraduate and graduate studies at the London School of Economics.
George Soros was born and raised in Hungary till 1947 when his family moved to England. His parents, Tividar and Erzebat Schwartz, named him Gyorgy Swartz, but he later changed to George Soros when he moved to England. Growing as a child in Hungary was not one of his easiest moments in life. During that time, there was a war going on in the country. In fact, his father, who was also a lawyer by profession on theatlantic.com, was a prisoner of war in Russia. However, he escaped and returned home to join his family. At the age of 13, he was separated from his mother and two brothers because his father feared that they may be killed together.
When he moved to England in 1947, he joined the London School of Economics at http://www.forbes.com/profile/george-soros/. He graduated with a Bachelor of Science in philosophy in 1951. He immediately registered for a master’s degree and finished in 1954. While studying, he worked as a railway porter and waiter. While at the London School of Economics, he met Karl Popper, who became his “spiritual mentor.” It is the concepts that Karl Popper advocated that influenced the philanthropic activities of Soros such as the Open Society Foundations on Politico.
Immediately after finishing his studies he had a tough time finding a good job and settled to work as a travelling salesman, an experience he described as one of the lowest moment in his life. However, he managed to get a job at Singer and Friedlander, where he started working as a clerk and then an arbitrage trader. George Soros specialized in buying stocks in one country and selling them in another country. After a suggestion from Robert Mayer, a fellow employee and whose father owned F.M. Mayer, he applied for a job at F.M. Mayer. He got the job and moved to New York in 1956. While working for F.M. Mayer, he became a specialist in European stocks, which caught the attention of many institutional investors in the United States. This earned him a job at Wertheim & Co where he worked from 1959 to 1963 before moving to Arnhold and S Bleichroeder. He held the post of vice president at the firm and quit in 1973 because of conflict of interest with a hedge company, the Soros Fund Management on nybooks.com, that he established in 1970. The Soros Fund Management is his greatest achievement that has enabled him to many other things such as founding the Open Society Foundations, which is a philanthropic organization.