George Soros and His Success Story in the Financial Industry

George Soros is a well-known name in the investment industry and has built a massive financial empire that is now being looked after by his children. He has also written about 12 books on many different subjects like the war on terror and capital capitalism based on his experience on the subject. At the age of 85, he was named the 21st richest person in the world in 2015. Apart from being an influential financer and author, he is also a big supporter of liberal social causes. But, his success today stems from humble beginnings as a refugee in the country. Learn more about George at Biography.com.

George Soros is a big supporter of refugees and has donated towards many companies founded by refugees in the country and to those organizations who offer their support to immigrants. One of those steps is his contribution to a super PAC that wishes to mobilize Hispanic voters. Being a refugee himself, he understands the plight and the struggle that the immigrants have to endure to make a living in the country. Among other groups that he has funded, the most notable ones are the American Institute for Social Justice, the New America Foundation, and the Migration Policy Institute. He has also made contributions to the Democratic Party and its members who are working towards a better life for the immigrants in the country.

George Soros himself was a refugee who fled from his country of Nazi-occupied Hungary and came to the United Kingdom to start a new life. He studied at the London School of Economics from where he passed out in 1952 but was not able to secure a job right after as he was a refugee. George worked as a railway porter and also a waiter before you got his first break as a finance executive at a merchant bank. After gaining some experience, he moved to New York where he secured a job on Wall Street at a firm named F.M. Mayer. He then started a hedge fund in 1969 with $12 million which was known as Quantum Fund. Today, he is one of the top most executives in the investment industry while working in his own family run business, Soros Fund Management that has $30 billion in assets. Read his profile at Forbes.

It was in the year 1992 that Soros did something that made him a known name in the financial sector. When the British government devalued the pound sterling, he sold billions of pounds most of which were purchased with money borrowed from others before the devaluation. He then bought back the pounds; repaid the money he borrowed and made a huge profit amounting to $1 billion. While many others profited from this, it was Soros who made the most money.