George Soros is a business magnate, philanthropist, and an author. He was born in Budapest, Hungary in 1930. He later fled his place of birth due to the World War two and ended up settling in England. Soros attended the London School of Economics and after his graduation, he later moved to the United States. Soros came into the international notoriety back in 1992 when he risked his ten billion U.S Dollars by betting against the British Pound. The move saw Soros making profits accruing to one billion U.S Dollars in a single day. He was later referred to as “the man who broke the Bank of England”.
After settling in the United States, Soros was appointed by various companies as an analyst and investment manager. Soros later quit his job to start his hedge fund company known as Soros Fund Management. Soros Fund Management went through evolution to then become Quantum Fund that is well known all over the world. Soros is reported to have earned plenty of profits from his Hedge Fund. He later quit the day-to-day management of the Hedge Fund in the 1980s. George Soros decided to become a philanthropist financial assistance worldwide through the Open Society Foundation. As part of his philanthropist, Soros donated funds to a group of black students from South Africa enabling them to attend Cape Town University.
Soros has the best skills when it comes to transforming the world’s broad-brush economic trends into profitable opportunities. He has made huge bets on the financial markets’ direction which he describes as being chaotic. Regulators and determinants of the prices of securities and bonds tend to act out of their emotions instead of putting logical considerations into place. Soros spent the best part of his career life making lots of profits for himself and other investors. He is reported to be intimately involved in the management of his firms especially those not accruing benefits. Soros has been widely involved in directing trades since the beginning of this year.
Lately, Soros has developed an interest in political activism and matters of public policies. He is reported to backing the Democrats nominee Hillary Clinton for the presidency in the upcoming elections. He is also an author having written various publications that have been captured by different media houses. He is also a public speaker having lectured various gatherings on the role of the United States in the world economy, human rights, and education.
George Soros has been featured as a director of a series entitled “big bearish investments”. The series reflects the overall global economy whose trend seems to head in the wrong direction. The Soros Fund Management LLC is reported to have recently bought gold and gold shares from gold miners after selling its stocks.
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