He has donated billions of dollars to various causes through the Open Society Foundations: Who is George Soros?
We answered the question of who is George Soros, the indispensable person of conspiracy theories: George Soros is a legendary venture fund manager who is considered one of the most successful investors of all time.
Soros managed the Quantum Fund, a fund with an average annual return of 30% from 1970 to 2000. Hungarian-born Soros is also known for his philanthropic activities. He has donated billions of dollars to various causes through the Open Society Foundations. His personal wealth donations to liberal groups and anti-autocracy organizations around the world have made him a natural target for many far-right extremists. So who is George Soros?
George Soros was born in Budapest, Hungary in 1930 to an Ashkenazi Jewish family.
George Soros (born György Schwartz, August 12, 1930) is a Hungarian-American businessman and philanthropist. As of March 2021, he had a net worth of US$8.6 billion, having donated more than $32 billion to the Open Society Foundations, of which $15 billion has already been distributed, representing 64% of his original fortune. Forbes called Soros the "most generous giver" (in terms of percentage of net worth). He is a resident of New York.
When Hungary was occupied by the Nazis in 1939, Soros and his family went through very dangerous and difficult times because they were Jewish, and in 1947 he immigrated to England. He earned a Ph.D. from the London School of Economics before starting his banking career. He immigrated to the USA in 1956. The first thing he did was arbitrage transactions. That is, he bought a stock or currency where it was cheap and simultaneously sold it where it was expensive. He grew up in the financial world in a short time. Thanks to the international investment fund he established himself, he became the owner of a great fortune. Soros served as chairman of Soros Fund Management LLC, the chief investment advisor of the Quantum Fund Group. This fund has been recognized as the world's highest-performing mutual fund in its history.
The man who robbed the Bank of England
Soros' main talent was currency speculation, the source of his fame and money. In the economic crisis that took place in England on September 16, 1992, and known as Black Wednesday in history, he made a total profit of 1.1 billion dollars in just one day by playing with the exchange rate. While the total loss of British banks in the crisis was $ 3.4 billion, Soros, who alone caused 1/3 of this, was nicknamed the "man who robbed the Bank of England".
What does George Soros do?
Soros is one of the most successful venture fund managers of all time. George Soros founded the first venture fund, Double Eagle, in 1969. He started Soros Fund Management in 1973 with the profit he made from this fund. Eventually, Double Eagle has renamed the Quantum Fund and became Soros' recommended primary hedge fund. His knowledge of regional and global economic trends, combined with his financial ability and tolerance for risk, has allowed him to amass a fortune now worth billions. In addition, Soros is the founder of Open Society Foundations. The aid provided by Soros is more than the financial aid of large organizations such as the United Nations.
How much is his wealth?
“How much is the George Soros fortune?” is a question that everyone wants to know the answer to. For this reason, we have clarified this very curious question. George Soros has a net worth of $8.6 billion as of May 2022. Soros has donated more than $32 billion to Open Society Foundations to date. Many writers and famous names describe Soros as a "philanthropist" because of these activities. But on the contrary, there are some authors who claim that they do this to control the socio-political system of those countries.
June 2023
Billionaire businessman George Soros has confirmed that he has handed over control of his $25 billion empire to his son, Alex.
According to Forbes, the leading economy and business magazine, the 92-year-old Soros has a net worth of $6.7 billion and is one of the 400 richest people in the world. In 2017, Soros transferred $18 billion from his family office to the Open Society Foundations, which operates in more than 100 countries, and was appointed chairman of Alex in December.
The quiet appointment of the Open Society Foundation (OSF) president in December put Alex Soros at the helm of one of the wealthiest global philanthropic foundations.