George Soros is the founder of Soros Fund Management. He is worth about $25.2 Billion. He is ranked number 22 on the World Billionaire List.
George Soros Politico
He is one of the most politically influential people around the world. He has been spending his wealth to influence the politics of different countries around the world. His influence in American politics is the strongest by any individual today.
He derives his influence from his $13 billion personal wealth and another $25 billion he controls in Soros Fund Management. Additionally, he has passionate messianic zeal. He is an atheist and one time said he viewed himself as a god, or a great economic game-changer like Keynes, or like a great scientist like Einstein. He said that money is what makes the world go round.
His Roots and Development
He was born in Hungary to non-practicing Jewish parents 86 years ago. Tivadar, his father, was an attorney by profession. In 1936, his father changed the family’s surname to an Esperanto name, Soros.
Tivadar divided his family when the Nazi’s occupied Hungary in 1944. This was done to increase the survival chances during the war. His children changed their names to Christian names and were adopted by Hungarian friends. George Soros sometimes went with his host to confiscate property from Jews and giving them to Germans.
After the WWII, the family moved to England in 1947. He joined London School of Economics (LSE) where he met philosopher Karl Popper. He says he was his spiritual mentor. Soros says he was introduced to the idea of “open society” by Popper’s book called The Open Society and Its Enemies.
He graduated from LSE in 1952 and joined Singer and Friedlander, a London brokerage company. He then moved to New York and joined the Wall Street as a stock trader. Since he was not planning to settle permanently in America, George Soros planned to save $500,000 in five years, and then go back to Europe. When he joined Arnhold and S. Bleichroeder Inc., he decided to stay in America.
In 1969, he spent $250,000 of his own money to start the “Double Eagle Fund” with a capital of $4 million. In 1979, together with Jim Rogers, they established Soros Fund Management. By 1985, the company was valued over $1 billion and had changed its name to The Quantum Fund. Read his profile at Forbes.
Soros Rises Again
In 2004, Soros spent $27 million in 2004 to defeat President Bush. After that, he went silent and later reemerged in 2016. He gave and promised to donate over $25 million to support Hillary Clinton and other candidates in the Democratic Party. Read this story about George at Politico.com.
Soros has many Open Society Foundations that he uses to help other people. He helped Hungary establish democracy. He opened an office in Moscow and spent $3 million in helping countries in Central Asia and those under the communists Europe. His annual expenditure hit over $300 million by 1992. He started the Open Society Institute in 1993 in 1992.