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George Soros Net worth: $19.2 billion - Join thi

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Posted On: 03/04/2013 8:11:55 PM
Posted By: Trending News

George Soros Net worth: $19.2 billion -


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George Soros born August 12, 1930, as Schwartz György is a Hungarian-American business magnate, investor, and philanthropist. He is the chairman of Soros Fund Management. Soros supports progressive-liberal causes.[5] He is known as "The Man Who Broke the Bank of England" because of his US$1 billion in investment profits during the 1992 Black Wednesday UK currency crisis.

Between 1979 and 2011, Soros gave away over $8 billion to human rights, public health, and education causes. He played a significant role in the peaceful transition from communism to capitalism in Hungary (1984–89) which he himself proclaimed was being exaggerated and provided Europe's largest higher education endowment to Central European University in Budapest. Soros is also the chairman of the Open Society Institute.



George Soros The hedge fund legend is chairman of Soros Fund Management, the $24 billion firm that manages his personal fortune as well as the money belonging to his foundations. He is not involved in day-to-day operations, but Soros remains involved. His firm returned the relatively little client money it managed in 2011. The firm's performance trailed the U.S. stock market in 2012, but was firmly in positive territory, thanks partly to a big bet against the yen. Born in Budapest, Soros survived the Nazi occupation of Hungary and went on to study at the London School of Economics before launching storied hedge fund firm Quantum Fund Management in 1969. Outspoken on world economic policies and an unapologetic proponent of European integration, Soros has recently declared that the euro is “here to stay.” Since 1979 Soros has given away $8.5 billion to human rights, education and public health groups; $6 billion has gone to international causes and estimated $400 million to fight poverty.



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