In the worlds of finance and politics, it would be difficult to find a man or women who has had as profound effect on both as George Soros. Soros was born in Budapest, Hungary, in 1930. After fleeing his homeland for England in 1947, he was able to gain a formal education at the London School of Economics from where he graduated in 1952. After he began his business career with a local investment firm, he soon decided to immigrate to the United States where his career as an investment manager and analyst took off.
Career as a Investor
According to Forbes, Soros laid the foundation for what would become a highly successful and controversial career as an investment magnate. He worked in the early years with several high-powered Wall Street investment firms, including F.M. Mayer, Wertheim & Co. and Arnhold & S. Bleichroeder. When he felt the timing was appropriate, he went out on his own and founded Soros Fund Management, which would one day become the highly successful Quantum Fund. At Quantum Fund, he would solidify his reputation as one of the world’s most astute investors by securing profits in excess of 30% for his clients on an annual basis.
Starting In 1992, Soros would initiate a series of currency investments that would ignite controversy in monetary markets all over the world. They would also serve to make him one of the wealthiest men on the planet. The first notorious investment came in 1992 when he saw an opportunity to short the British pound. With a speculative “wager” of $10 billion, he created a profit of a reported $2 billion over a short period of time, while also causing chaos in European financial markets. From that point on, he became known as “the man who broke the Bank of England.” In 1997, he was also credited for disrupting Asian financial markets with a similar investment that crashed the Thai baht.
A Political Force to be Reckoned With
Towards the end of his business career that ended in 2000, Soros became a political activist of sorts. With a strong reputation for supporting a world without borders, he began using his enormous wealth to support associated causes, including providing substantial political contributions to liberal candidates who ran on platforms that supported social equality.
While creating his reputation as a powerful investment speculator and driven political activist, Soros was also cultivating a reputation for being a kind and generous philanthropist. Through his Open Society Foundations, he has made billions of dollars of donations for a variety of causes that are near and dear to his heart. His generosity has become legendary, which makes him one of the most complex personalities in the world.
Throughout his career and personal life, Soros has been a polarizing individual who has created more than his fair share of controversy in many parts of the world. With that said, it should also be noted he has also become one of the most financially successful individuals in the history of mankind.