George Soros: A self-Made Billionaire

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 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 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.

The early life and rise of George Soros as a Financial Expert

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, 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 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, 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.