The Rise of George Soros, an Immigrant, into One of the Richest People Worldwide

With a net worth of $25.2 billion, George Soros is one of the richest investors in the world according to FORBES ranking in 2017. He is one of the most successful investors, all thanks to his hard work, resilience, and determination. Soros holds a bachelor’s degree from London School of Economics and a masters’ degree in Philosophy and read full article.

 

Soros’ Childhood life

George was born in Hungary in 1930 to a Jewish family. His parents Elizabeth and Tivadar got married in 1924. In 1936, this couple changed their family name to Soros to mean ‘designated Successor.’ This was a measure that was geared towards protecting them from anti-Semitic Hungary. George, as a child, faced challenges head-on and still emerged a victor. During the occupation of the Kingdom of Hungary by Nazi Germany, he was among the Jewish children who were denied their right to education. At the age of 13, he had faced a lot of discrimination from the Nazis. As a way of escaping from all these misfortunes, he got himself a godfather who was serving the government. His godfather at this time was the minister of Agriculture. A survivor, a soul with many lives, was Soros’ description in 1945 after he survived the German and the Soviet door to door war and his Website.

 

Soros’ Career background

After graduating with his degree in economics in 1951, he began his career in an English bank. His career journey has been full of constant and gradual growth. He later moved to the United States and got himself into Wall Street. In 1969, he ventured into entrepreneurship and founded Double Eagle, investing a total of $12 million. For rebranding purposes, he renamed this hedge Fund to Quantum Fund Management. In less than a year, this hardworking man founded another hedge fund known as Soros Fund Management. This hedge fund has experienced growth, and currently, it is worth $30 billion in assets. Through this hedge fund, he has managed to have a lead in the investment world. He has also employed prominent and well-trained professionals to help him in the management of Soros Fund Management. His latest employee is a woman who has had a successful career on Wall Street. Fitzpatrick has been given the role of running and managing the hedge fund’s investment portfolio and more information learn more about Soros.

 

Humanitarian and Philanthropy Contributions

Globally this investor is considered as one of the top contributors towards democratic ordeals. According to Center for Responsive Politics, he is one of the top political donors. He donated a total of $32.7 million to more than 500 democratic committees globally. He focuses on helping the marginalized and vulnerable persons through contributing towards their education and health services. Through Soros’ Open Society Foundation he has managed to spread his wings globally in his philanthropy work and Soros’s lacrosse camp.

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