George Soros is a Hungarian American investor, renowned short seller, and Philanthropist. He is managing the Quantum fund, which has generated an average annual return of 30% over 30 years since 1997. George Soros is donating billions of dollars to the cause through the Open Society foundation. As per Forbes estimation, George Soros Net Worth is $6.7 billion. You will be encouraged to know his net worth of $6.7 billion; we will discuss everything about him here.
George Soros Profile
| Name | George Soros |
| Born | August 12, 1930 |
| Citizenship | Hungary |
| Spouses | Annaliese Witschak ( 1960- 1983)
Susar Weber ( 1983- 2005) Tamiko Bolton ( 2013) |
| Children | 5 |
| Occupation | Investor, hedge fund, manager, author, and philanthropist. |
George Soros Early life and Education.
George Soros was born on August 12, 1930 in Budapest. He was born into a Jewish family. Soros survived the Nazi corporation of Hungary and then moved to England in 1947.
In 1951, he completed his degree in B.Sc in philosophy from the London school of economics. He completed a Master in the science of philosophy in 1954. He has gained experience at various merchant banks in England and the United States.
In 1969, he started his first hedge fund Double Eagle. The profit Soros gained from the first fund gave him seed money to start Soros Fund Management in 1970, the second hedge fund.
Further, the Double Eagle name was changed to Quantum fund.
George Soros is named The Man Who Broke The Bank of England because he made a short sale of US $10 billion, giving him a $1 billion profit. The profit he earned during 1992 when there was a Black Wednesday UK Currency Crisis.
George Soros Career
In 1954, Soros began his career as a merchant banker in the Singer and Friedlander of London. He began his career and then moved to the arbitrage department. In 1956, he moved to New York City, where he worked as an arbitrage trader for F.M Mayer. He learned about European stocks, which were popular with US institutional investors. There he worked till 1959.
Further, he studied philosophy and worked as an analyst of European Securities until 1963. Afterwards, From 1963 to 1973 worked as Vice President at Arnhold and S Bleichroeder.
In 1969, Soros established his first hedge fund Double Eagle fund, with $4m of investor capital and owned capital of $250,000. In 1973, Double Eagle fund had a fund of $12 million.
In 1970 Soros founded Soros Fund Management and is chairman of it. Further, in 1973, a conflict of interest limited his capacity to run the fund, and Soros resigned from the management position at Double Eagle fund. He allowed investors to transfer or keep at Arnhold and S Bleichroeder.
During Black Friday in September 1992, Soros built a short position in pounds sterling for months. George Soros has identified the unfavourable position of England in the European Exchange Mechanism. His prior experience working as an Analyst in European securities became useful during this period to earn money.
Soros Fund sold more than $10 billion on September 16, 1992, during Black Wednesday. He has gained a profit of $1 billion, which is estimated.
George Soros Net Worth
According to Forbes, George Soros Net Worth is $8.5 billion as he founded the Open society foundation and Soros Fund Management. He has earned a fortune because of Soros Fund Management. The Soros Fund Management is generating $45 billion in assets.
George Soros Investment
George Soros is holding his money in seven stocks, according to the latest 13F filings:
- Horizontal Therapeutics PLC is a pharmaceutical company. The Soros portfolio weighs 4.5 % of the company.
- Rivian Automotive is an electric vehicle company that went public in November 2021. Soros bought 19.8 million shares of Rivian, which is a big stake. According to Soros portfolio, he has a weight of 3.7% in Rivian.
- First Horizon is a US regional bank. Soros has purchased 8.5 million First Horizon shares worth about $209.10 million.million.
- Alphabet is the parent company of Google and youtube. Soros holds 1.75 million Alphabet shares, a net worth of $155 million. The Soros portfolio in Alphabet is 2.1%.
- Aramark provides food, facilities, and uniform services. Soros has 3.39 million shares. The Soros portfolio in Aramark is 1.9%.
- Altra Industrial Motion Corp produces electro-mechanical power transmission motion controls. The Soros portfolio in the company is 1.7%.
- Bowlero Corp is a bowling center. Score Fund Management holds more than 8.1 million shares worth $109.9 million. The Soros portfolio in the company is 1.5%.
George Soros is a Philanthropist at heart
When Soros managed the client’s money from 1969 to 2011, Soros founded the Open Society Foundation. This foundation gives grants to individuals and groups that promote transparency, democracy, and freedom of speech. Still, Soros has donated more than $32 billion of his fortune. As a result, he gained the title “the most generous giver” by Forbes.
George Soros Honors and Awards.
In 2014, Soros was ranked at the 1st position in the LCH investment list of top 20 managers as he has gained $42 billion since the launch of the Quantum Endowment fund in 1973.
He was elected the Honorary Fellow of the British Academy in July 2017. In 2018, Soros was the Person of the year for 2018, according to Financial Times. In 2019, he was awarded the Ridenhour Prize for Courage.
George Soros Political Inclination
He has supported the presidential campaigns of Barack Obama, Hillary Clinton, and Joe Biden. Also, he has taken part in solving various issues, such as providing scholarships to black South Africans. Soros has supported same-sex marriage and promoted the use of medical marijuana in Hungary.
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FAQ
1. How many years has it taken George Soros to support the cause?
George Soros has been an international supporter of democratic deals and causes for more than 30 years.
2. What is the height of George Soros?
The height of George Soros is 5 feet 11 inches.
3. What is the age of George Soros?
The age of George Soros is 92 years old.
5. What is George Soros Net Worth in 2023 in rupees?
George Soros Net Worth in Indian rupees is ₹553,734,283,600(approx) in 2023.
Conclusion
George Soros is a Philanthropist and Hungarian American investor. He has founded Soros Fund Management and the Open Society foundation. George Soros net worth is $6.7 million, which he generated from the founded company, foundation, and through his investment.
