George Soros

Georges Soros was born in Budapest, Hungary in 1930. He settled in England in 1947 where he studied economics at the London School of Economics.  At the age of 26, 9 years after his arrival in England, he decided to settle in New York.  The history of one of the most famous speculators on the financial markets began at this moment …

He worked at the Wall Street stock exchange as a trader and created his own investment fund: the « Soros Fund Management ».

George Soros is a billionaire speculator who became famous thanks to his speculation operations on the exchange market. It was on September 16, 1992 (nicknamed black Wednesday) by speculating against the Sterling Pound and forcing the Bank of England to make its currency go out of the EMS « European Monetary System » when Georges Soros became « The man who broke the Bank of England ». These transactions against the Sterling Pound would have made this trader generate about $ 1.1 billion gain...

The same way, George Soros made the Lira go out of the European Monetary System.  After the attacks against the Sterling Pound and the Lira, the speculator lost when he attacked the French Franc which resisted thanks to the concerted intervention of the French and German central Banks.

According to the Forbes ranking, George Soros had an estimated fortune of about $7.2 billion in 2004 (ranked 24th in the United States).

At the heart of George Soros’ portrait...

« In comparison with his fortune, his donations made him the first philanthropist in the world » told in the New York Times Alfred Stepan, president of one of his foundations.

In 1999, at the age of 69, this billionaire financier would have devoted according to « Worth » (American magazine) about $2 billion to his foundations which are present in more than 30 countries.