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
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.
The American billionaire 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 rose to fame with his criticism
of George W Bush. Although not usually
known for his participation in politics,
Soros believed that the direction the
Bush government had been taking America
was dangerously wrong. He 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".
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