George Soros has a net worth of $24.4 billion and is among the people who are called self-made billionaires. Born and bred in Hungary, John Soros took his elementary studies in the same locality. However, his parents could not sponsor his higher education, causing him to fend for himself. George took manual jobs as a waiter in a hotel and railway porter to raise his fees as he studied in the university. He later got a job in the finance industry the field, where he always aspired to work. He began his career in a lowly position at a merchant bank. Soros finally moved to New York, where he got an opening on Wall Street.
George established the edge Fund worth $12 million on Wall Street in 1969. With Stan Druckenmiller on his side, George Soros got a huge breakthrough in Wall Street in 1972 as he shorted the British Pound, making high profits. The profits were so high that he became known as ‘the man, who broke into the Bank of England.’ The lasting impressions made in the first few years on Wall Street made George remain a strong force in the market. More than four decades later, George is a still a heavy weight in the investment industry.
Soros Fund Management is the family business that holds more than $30 million in assets. The fund is expected to grow to higher heights in the near future. The firm mainly deals with investments and has helped Soros grow to his billionaire status over the years. At the beginning of 2017, George Soros hired Dawn Fitzpatrick, one of the most prominent women in the Wall Street market. Dawn was assigned the role and position of Chief Investment Officer (CIO), in the company, She is expected to help grow the company to the next level with her expertise that she has gained over the years.
Investing in Politics
In 2015/16, Soros re-emerged as a main supporter of politics just as he had done in 2004. Although in 2004 he was fighting for the defeat of George Bush, this time he was fighting for the defeat of Donald Trump, whom he refers to as ISIS. Asked what he means by calling Donald ISIS, Soros said that Trump invokes fear in people, a quality he regarded as poor. In support of Hillary Clinton, George Soros donated more than $25 million that would help boost the campaign. Moreover, George Soro’s team said that they expected him to give more given his belief in the success of the candidate. Soros also aspired to attend the Democratic Convention in which Hillary Clinton would accept the role of being a presidential nominee. However, Soros canceled the engagement on the last minute when he said he needed to observe the European market