George Soros, born on August 12, 1930, is one of the most fruitful and wealthy investors. He was born in Budapest, Hungary but fled with the interference from the Nazi Germany. Considering he was from a Jewish family, they were barred from going to school, and things were hard for the Jews. When trouble continued to enhance, he later went to England and studied in London, at London school of economics at the same time worked as a waiter and a railway porter. Later despite graduating, getting work was difficult; therefore, he opted for jobs like; traveling salesman for elegant –items. This was a low point of his life as he had even written letters to merchant banks asking for interviews with no success. Later, he got a break through and began working in Singer& Friedlander in London as a clerk, a merchant bank whose boss was a Hungarian like him. As time went by, he applied at F.M. Mayer where he then worked as an arbitrage trader and concentrated on European stocks, which had more attention from lots of investors.
After three years, he went to Wertheim & Co., went and became Vice President Arnhold and S. Bleichroeder. Finally, he founded Soros Fund Management then became its manager. Since then, breakthroughs continued presenting themselves.He worked for hand in hand with individuals like Jim Rodgers and Stanley Druckenmiller. In 1973, conflicts arose because he was managing two funds. Therefore, he decided to give away the management in Double Eagle Fund and established Soros Fund. Later, it was renamed to Quantum fund i.e. after Werner Heisenberg’s principle of quantum mechanics. During that period, the fund had enhanced to $12m, so Soros and Stanley reinvested their profits and improved their stake. After that he shorted the pound and made an enormous profit, making him known as the broker of England’s bank. Today he is one of the Billionaires his net worth being $25.2 Billion.
Read more on CNBC about George Soros.
With lots of wealth he has acquired, George Soros gives back to the society. Not until 2004 that he became involved in donations to US political causes. For example, in the 2003–2004 election periods, Soros donated $23,581,000 to various 527 groups i.e. tax exempted. In September 27th, 2012, Soros said that he was giving $1 million to the super PAC that was backing up President Barrack Obama’s re-election Priorities the USA. Also, Soros committed more than $25 million to ameliorate Hillary Clinton and other candidates who were Democrats to support their course. He re-emerged quietly in politics and became among the leading funders of Democrats despite having not associated himself with the politics for a while. George Soros is one of those people who has gathered a lot of wealth from hard work, and it has been indeed worthy of all the struggles he went against to be where he is right now as he is impacting the society. Read this story at Politico.com about George Soros.