ROMSO Cyprus Knowledge Base
George Soros
George Soros
George Soros (born Schwartz György; August 12, 1930) is a Hungarian and American investor, businessman, and philanthropist. Born in Budapest, Hungary, Soros survived the German occupation of Hungary and moved to the United Kingdom in 1947. He studied at the London School of Economics, where he obtained a degree, then a master's degree, and finally a Ph.D.
Soros began his career working in several commercial banks in the United Kingdom and later in the United States before setting up his first hedge fund, Double Eagle, in 1969. The profits from its first fund provided the starting capital to start Soros Fund Management, his second hedge fund. Over time, Soros expanded his investment portfolio, establishing himself as one of the most successful investors in the world.
Soros's extensive funding of philanthropic causes has made him a prominent figure globally. As of May 2020, he had a net worth of $8.3 billion and had donated more than $32 billion to Open Society Foundations, with over 15 billion dollars already distributed, accounting for approximately 64% of his original fortune. This makes him the "most generous donor" in terms of percentage of net heritage, according to Forbes.
Soros is a supporter of the liberal movement of the United States Democratic Party and has sponsored human rights groups with an interest in philosophy, particularly that of his youth teacher, Karl Popper. He is also president of the Soros Fund, the Open Society Foundations, and founder and advisor of the Quantum Group.
In 2017, Soros's net equity was estimated at $25.2 billion, making him one of the thirty richest people in the world. After donating part of his wealth to charity, he ranked 195th on the Bloomberg ranking with a net worth of $8 billion. His influence and activities have contributed significantly to the fall of communism in Europe Eastern in the late 1980s and early 1990s, providing substantial funding for education superior development at the University Central European in his native Hungary.
Soros's extensive philanthropic efforts have made him a target for criticism from some quarters. He has been described as a "bugaboo of European nationalists" due to his significant donations to liberal causes and human rights groups. Nevertheless, his commitment to promoting democracy, transparency, and education continues to inspire many around the world.
In addition to his philanthropic efforts, Soros is also known