George Soros broke the Bank of England? Yes, but not against the law. Before 1992, Soros had been building positions in Pounds. He had earlier recognized the critical position of United Kingdom at the European Exchange Mechanism on Investopedia. On the September 16th, 1992- the day known as the Black Wednesday, the UK government withdrew from the ERM which profited George Soros. His profits were $ 1 billion at that time.
Today, George Soros is worth $25 billion. In 2016, he was ranked 19 on the Forbes 400 list and 23rd billionaire in the world. He has participated in different philanthropic and political contributions. It is, however, his political contributions that have attracted the attention of the population.
He has been considered one of the most powerful men in America that is probably why his opinions about the politics in the United States do not go unnoticed. He has been an outspoken supporter of the Democrats on discoverthenetworks.org. In the last year’s election, he was supporting Hilary Clinton in the presidential campaign. He did donate a large sum of money towards the campaign. He did want to see Hilary win, but more importantly, he wanted to defeat Donald Trump. George Soros has accused Donald Trump of being in support of ISIS. He has also supported other political ventures in the United States and beyond.
He has also donated money to various charities. His total contributions amount to $12,100 million in his lifetime with an annual giving of $654 million
George Soros is a vocal supporter of the refugees, and that is why his foundation contributed $500 million in support of the companies that support refugees and also immigrants. His support for the refugees is personal considering that he was an immigrant once when he fled the Hungary to England. Soros was born in Budapest Hungary, and at that time the country was under the Nazi regime. Being from a Jew family, Soros and his family were always under threat.
In 1947, George Soros immigrated to England to pursue his studies. He joined the London School of Economics where he did his Bachelor degree in Philosophy. He went ahead to do his Masters of Philosophy where he graduated in 1954.
His career has not always been a bed of roses. When he graduated from school, he found it hard to secure a job, and that is when he settled for a job of a salesman on nytimes.com. He, however, continued to seek a better job by writing letters to all the Merchant Banks. Most of the letters went unanswered, but in 1954 he caught his big break. He got employment at the Singer and Friedlander. He later moved to New York in 1956 to work for F.M. Mayer as an arbitrage trader.