The Early Life and Investing Career of George Soros

Not many men have lived such an exciting life as George Soros has. George Soros is well known today at age 85 as one of the richest men in the world and also as one of the smartest investors and most giving philanthropists on Politifact. He is a billionaire that made his own way to the top.

Early Life

Born in Budapest, Hungary, George Soros is naturally of Eastern European descent. Soros was born on August 12th, 1930 and remained in Hungary for most of his early years. Today, he has retained his Hungarian citizenship, adding it to his American citizenship, which he obtained soon after arriving in the United States in the 1950s. With both citizenships, George Soros holds connections to his roots while actually living in the country where he gained wealth and fame.

Education

George Soros on politico remained in Budapest, Hungary from 1930 when he was born until 1947. In 1947, he fled to London, England. There, he enrolled in the London School of Economics. Graduating in 1952, Soros then decided to take a job as an entry-level investment banker. He worked in London for approximately four years before deciding to go to the United States.

Life in the United States

Soros arrived in New York in 1956 and began working investment management positions in the city. His first place of employment was from 1956 to 1959 at the firm of F.M. Mayer. He also worked at Wertheim & Co. and Arnhold & S. Bleichroeder on http://www.nybooks.com/articles/2016/02/11/europe-verge-collapse-interview/. These jobs took him from 1956 to 1973. He was extremely good at his job and made a lot of money investment banking. But he decided to strike out on his own when he completed work in 1973 at Arnhold & S. Bleichroeder.

On His Own

Soros founded his own company in 1973. The company was called Soros Fund Management, but it later turned into Quantum Fund on Bloomberg, and that was how it was known through the 80s. Quantum Fund was very successful. Two times, the fund had yearly returns that exceeded 100 percent. But in the later years 1980s, George decided to change what he did, and he started focusing more on philanthropy. He founded Open Society Foundation.

Through Open Society Foundation, Soros has donated millions to causes he cares about. He has also become a large figure in political activism, commenting on the importance of America within international spheres of trade, currency, and securities.

His Life Today

At 85, George Soros is still going strong. Today, he is officially retired. He officially retired in 2000. Despite being directly out of the business, however, Soros still remains a strong identity in American and global finance. He has written several major publications on topics from general finance to global capitalism. These include “The Alchemy of Finance” in 1988 and “Open Society, Reforming Global Capitalism” in 2001. Soros continually donates to causes he cares about through his philanthropic outlets and is also still active in American and global politics. Soros is married to Tamiko Bolton and has 5 children.