George Soros was born in Hungary, to a Jewish family. Due to the battle at Budapest, Soros fled Hungary and went to England in 1947.He holds a bachelor of science in Philosophy degree as well as a PhD in Philosophy from the London School of Economics. Soros landed his first job at the Singer& Friedlander merchant bank of London, where he worked as a clerk before being promoted to arbitrage division.
Consequently, George Soros later moved to the United States, and began working for Investment firms in New York that include F.M.Mayer, Arnhold & S.Bleichroeder, and the Wertheim & Co firm. In 1973, opted to go his own way by setting up his own hedge fund. Company. This was formed from the basis of the Double Eagle Fund, which had $12 million at the time from the initial $4 million. George Soros on opensocietyfoundations set up the Double Eagle Fund while still working for Arnhold & S.Bleichroeder to affirm his position as an investor by gaining profit from his acumen in reflexivity.
The conflict of interest that rose due to running two funds led to the name of George Soros’ fund changing to Quantum Fund. This fund has experience tremendous growth and popularity in the world due to the aggressive guidance and administration of Soros for a period of two decades. The fund is known for 100% annual returns in two instances with more than 30 percent returns each year.
During his time in Quantum Fund, he had aided in making other people and himself very wealthy. This made him to join the list of one of the wealthiest investors in the world. He was well known for being a short-term risk-taker; in turn, he made large bets basing his judgment on financial market trends. He was convinced that people in the financial market usually purchase or sell their assets basis their argument on sentiments rather than logic reasoning.
George Soros is best known for his philanthropy as the chairperson and founder of Open Society. It is a chain of partners, foundations, and projects in an excess of 100 nations around the world. The open Society Foundation is geared towards a society whereby no human has the monopoly on the truth, all human rights are valued, and where the government is accountable. This sets out the foundation from other privately run philanthropic societies.
In addition, Soros had a record of being an author with various publications under his name that include The Alchemy of Finance, Staying Ahead of the Curve, Open Society: Reforming Global Capitalism, and the Bubble of American Supremacy.