George Soros Biography - Profile |
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George Soros - Billionaire Funds Manager
- Philanthropist :::
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George
Soros Biography : Billionaire
Fund Manager & Philanthropist
Famous for
: Making billions and
giving away millions every year
Soros details
: Born - Hungary
August 12, 1930 Lives - USA
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Biography - Information |
George
Soros is a Hungarian
born billionaire investor, philanthropist
and author. The American businessman was
once known as "The Man Who Broke the
Bank of England" after speculating
on the Pound Sterling, believing it was
overvalued. Soros earned himself 1.1billion
US dollars from the deal in 1992. George
Soros is also a generous philanthropist,
giving away millions of dollars every year
to the poor and disadvantaged of the world.
He also has numerous critics in both finance
and politics.
George Soros was born in Budapest, Hungary
on August 12, 1930. In 1947 Soros fled the
Soviet Union Communist occupation of Hungary
and arrived in England. He then went on
to study at the London School of Economics
and graduated in 1952. Soros then emigrated
and settled in in the United States of America
in 1956.
Upon moving to America, Soros set up an
investment fund that went on to create his
massive fortune. It was his intention to
simply support his love of writing from
his Wall Street earnings, but his well timed
investment decisions saw his wealth increase
dramatically each year. The Quantum Fund,
went on to become one of the most successful
managed investment funds ever, with a more
than 30% increase annually over a 30 year
period.
Soros also gained many critics along his
path to financial success. Through his International
currency speculating he was once given the
nickname of "the man who broke the
bank of England" from a deal that earned
him more than one billion US dollars. He
has also been accused of negatively affecting
the Malaysian ringgit during the Asian financial
crisis through his aggressive currency speculation.
George Soros is also a very active philanthropist
that is willing to use his money to fund
causes that he believes in. Since 1979 he
has been supporting and funding various
organizations and activities world wide.
His first charitable actions helped to fund
black students in the University of Capetown
in South Africa during apartheid. Soros
is founder and chairman of the Open Society
Institute, an organization that supports
activities in more than 50 countries worldwide.
George Soros is also the author of several
books on the economy and politics. He first
entered the business world to fund his passion
for writing and philosophy, and continues
to fulfill this passion with more than 8
published books.
During the 2004 American election year,
Soros has risen to fame with his criticism
of George W Bush. Although not usually known
for his participation in politics, Soros
believes that the direction the Bush government
has been taking America is dangerously wrong.
He has contributed more than 15 million
dollars to oust President Bush. Soros commented
that "it is the central focus of my
life" and "it is a matter of life
and death".
This
George Soros biography may not
be reproduced online in whole or in part.
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