George Soros is a American/Hungarian businessman, an investor, a writer, and a humanitarian. His Hungary name ‘Soros’ is presumed to have led him to his success since it means a successor. Today Soros is one of the world’s richest and among the most successful investors of all time.
The other day George Soros net worth was estimated to be $25 billion but the fact that he donated a bulk of it $18 billion to his Open Society Foundations which deals projects related in reduction of poverty, issuance of education scholarship, with reducing poverty and transparency matters. So how did Soros make such a huge fortune? Well keep reading to know more. Here is a quick summary of George Soros’s net worth in 2018, career and earnings.
George Soros Early Life
George Soros born, Gorgy Schwartz on august 12, 1930, was bred in Germany by his Jewish parents where they later migrated to England. He pursued his education and graduated with a degree and masters in philosophy at the London School of Economics.
Soros married his current wife Susan Weber in 2013, after divorcing his previous wives namely Susan Weber and Annaliese Witschak. He has five children with them who are; Robert Daniel (b.1963), Andrea Colombel (b.1965), Jonathan Tivadar (b.1970), Alexander (b.1985), and Gregory James (b.1988).
George Soros Career, Awards & Achievement
Soros first occupation was as a wholesaler where he worked as a drive sales person after lack of job since his graduation. Before settling for a job in a bank in 1954, at Singer and Friedlander, he had struggled to pass interviews as many of the employers disgraced him. He moiled at his work place as a mere clerk where in 1956 he shifted to New York to work for F.M. Mayer as an arbitrage merchant up to 1959. He continued his career at Wertheim & Co where he worked as an analyst.
Between 1963 and 1969, George worked at Arnhold and S. Bleichroeder firm as the vice president where he invested a lot making more profit for the company. He launched Soros Fund Management in 1970 and became the CEO, prior to that he had founded yet another firm in the previous year which at some point became difficult for him to manage the two. After renaming one of his funds to ‘Quantum Fund’ the companies continued to grow earning him a lot which augmented his net worth.
Being a business man and an investor he involved himself in other businesses like; pound short in 1992 which dealt with fumigating pounds for months and also the Société Générale insider trade in 1988 where he was approached by the owner to buy the shares. Earlier this year in Macedonia, he started a campaign known as ‘stop operation Soros’ which seeks to give feedback on how he performs globally.
Awards & Achievements
His first award was his degrees in 1980 from the oxford and other universities. In 2000 he gained a Yale International Centre prize form the school mainframe where later in 1995 he got a degree in economics from the bologna university. he has been inducted into Institutional Investors Apha’s hedge Fund Hall of Fame, and recognized among the top 20 greatest managers.
Net Worth of George Soros
George Soros net worth amounts to $8 billion. Sometime his net worth value stood at $25 billion but the fact that he transferred $18 billion to his charity foundation Open Society Foundations which works in more than 100 countries reduced his net worth to $8 billion. He made his money from investing in various projects and also Soros Fund Management.
From grass to grace, Soros rose from being a mere salesman to being a CEO for his own company earning millions of shillings. Even after changing his name to a billionaire he didn’t forget where he came from as he donates to the poor and gives scholarships through his initiatives.