George Soros
Birthday : 08/12/1930 Place of birth : Budapest - Hungary Country of residence : USA Linked companies : Soros Fund Management
Biography
George Soros lived the Hungary’s Nazi occupation. With Jewish origin, he was forced to change his name in 1936 (György Schwartz). He escapes from communist regime in 1947, and he arrives in Great Britain. In London he follows the philosopher anti communist Karl Kopper’s courses at London School of Economics. In 1956 he emigrated to United States with one objective in mind: to win half million dollars. Mission completed, in 2011 his fortune amounted to $14,5 billion and he was the 46th richest man in the world, according to Forbes.
When he had arrived in New York he founded his first investment fund The Soros Fund, which will be the first stone of Soros’ financial empire. In 1973 he founded Quantum Fund with Jim Rogers. For ten years this fund will break all records in terms of gains.
The most of people know him during the great depression of 1992. He speculated on sterling’s fall, and he caused important fluctuations such as the British currency was forced out of the monetary system. This bet allowed him to earn a billion in one night and he was called as “the man who broken the Bank of England”.
He is also a philanthropist. With Open Society Institute which group together twenty foundations with a goal to defend human rights and promote democratic governance. George Soros describes himself as a “stateless head of state”. Since 1984, thanks to his foundations he distributed more than $ 8 billion to various humanitarian causes in 70 countries around the world.
The man, who wanted to be a philosopher, thanks to his foundation he participates in the transformation of society. The speculator has become the destroyer of excessive liberalism.
Anecdotes
It is not rare for George Soros to lend money to states. To Russian emissaries who asked him an additional loan, he replies “Do not it becomes a custom”, referring to previous loan granted to Boris Yeltsin. Citations
"A full and fair discussion is essential to democracy."
"I chose America as my home because I value freedom and democracy, civil liberties and an open society."
"Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected."
Bibliographie
The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What it Means, published by George Soros 2008
The Alchemy of Finance, published by George Soros 1988
Open Society: Reforming Global Capitalism, published by George Soros 2001
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| Latest news about George Soros | |
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| Appaloosa, Soros Pare Apple Exposure |
| 4 days ago -
At least two well-known hedge funds cut their stakes in Apple Inc. in the first quarter as the consumer-electronics giant's shares fell 17% during the period.
David Tepper's Appaloosa Management LP cut its Apple position by 41% to 540,000 shares, accor |
| Soros reports 7.9 percent stake in Penney, shares rise |
| 04/25 - NEW YORK (Reuters) - Billionaire investor George Soros reported a 7.9 percent passive stake in J.C. Penney Co (>> J.C. Penney Company, Inc.) on Thursday, sending shares of the struggling department store chain up more than 7 percent.... |
| George Soros "Is Alive and Well" -Spokesman |
| 04/18 -
By Gregory Zuckerman
George Soros would like the world to know he's still alive.
Thomson Reuters accidentally published a templated version of an obituary of legendary investor earlier this evening. The story, which contained instances of "XX" and "XXX" used |
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| Steve Ballmer's Epitaph |
| 6 days ago -
By Al Lewis
When Microsoft honcho Steve Ballmer unveiled Windows 8 last October, he called it a "bet-the-company m... |
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