Learning About the Billionaire Philanthropist George Soros

George Soros is one of the richest individuals in the entire world on politifact.com, but he was not born into the immense wealth he would have later in life. George Soros paved his own path to success, and he was indeed very successful. Today, George Soros is 85 years old and still seems to be going strong. He will always be known as one of the best businessmen in the world and a very giving philanthropist throughout his life as well.

Biography of George Soros

Soros was born in Budapest, Hungary. His date of birth was the 12th of August in 1930. At the age of 17, he was forced to flee his native home. This was because at 17, the year was 1947, and the remains of war torn Europe were still a problem on http://latino.foxnews.com/latino/politics/2016/03/10/billionaire-smackdown-george-soros-funds-effort-to-stop-trump-mobilize-latinos/. To get away from it all, he went to England, and there he began what would become a great career of making business and making money.

Everything began at the London School of Economics. George Soros on nytimes began studying at the London School of Economics in 1948 when he was just 18 years old. Once he had completed his work there in 1952, he graduated and began working straight away. In fact, he began working directly in the field of investment banking.

His first job was an entry-level position at a bank in London, England. Soon after holding this job in London, he decided to make a big move across the Atlantic Ocean. In 1956 when George was only 26, he sailed to the United States and got a position in New York. His first professional investment and analyst position was at the firm of F.M. Mayer. Soros worked at this firm from 1956 until 1959. Later, he moved to Wertheim & Co. He stayed Wertheim & Co. from 1959 to 1963, transitioning in 1963 to Arnhold & S. Bleichroeder. Soros stayed at Arnhold & S. Bleichroeder for 10 years from 1963 until 1973 when he was 43 years old. This is when he decided to go out by himself and found his own type of investing.

Soros started a hedge fund of his own on politico.com and called his new company Soros Fund Management in 1973 after he left his job at Arnhold & S. Bleichroeder. At first, things were difficult as they always are with new start ups, but he seemed to evolve very well, and soon, Soros Fund Management became extremely well-known. He was doing very well. His company changed names shortly after gaining success and became the respected Quantum Fund that most people know today.

George Soros Today

Once Quantum Fund had gained a large amount of success in the 1980s, George decided to stop the daily management of his fund and move on to something he was more passionate about. He became a well-known philanthropist and has donated a large amount of money to many of the causes he is passionate about. Today, George Soros is worth approximately $24.9 billion. He resides in Katonah, New York and has five children.

Source: http://www.investopedia.com/university/greatest/georgesoros.asp