George Soros: A Rise To The Top

George Soros started out his life in a spot where success was not given. Soros was born in a Nazi-Germany occupied Hungary in 1930. At the age of 17, Soros fled from the country to England where his real life would soon begin. There in England he would attend the London School of Economics while working multiple jobs such as being a waiter and a railroad reporter. He would eventually graduate with a bachelor’s degree, and even a master’s in philosophy. With these in his grasp, George started his finance career at a merchant bank. However, this would only be the start of his rise to the top. With education and assets to use at his advantage, Soros was soon ready to take his career to the next level. In order to pursue this, he moved to New York where he would get his start on Wall Street. Read more on nytimes.com

In New York, Soros began by creating his own hedge fund in 1969. This fund would originally be called the Double Eagle. The profit from the first fund, later rebranded as the ‘Quantum Fund,’ would exceed expectations. It did so to the point that Soros was able to make a second fund called Soros Fund Management. Soros’s main focus would stick with the Quantum Fund. The Quantum Fund, which started as a $12 million company would eventually turn into a $25 billion company. George Soros had many other achievements as well. One of which that must be noted was shorting the British pound. In 1992 with the help of Stan Drunkenmiller, Soros shorted the British pound and made an insane profit. The amount of money he made was so impressive that he was later known as the man who broke the Bank of England. Today, George Soros remains a heavyweight through his second hedge fund, Soros Fund Management. A company that now boasts of $30 billion in assets. It is a job that Soros obviously can’t do on his own. In 2017 Soros hired Dawn Fitzpatrick, a prominent woman on Wall Street, to be chief investment officer of his investment. She is the seventh CIO for Sorus Fund Management since 2000. Read this story at Politico about George Soros.

Overall, Soros is considered by many people to be one of the most successful investors in the world. Through all of his funds, George Soros’s net worth has reached an outstanding $25.2 billion.