George Soros Net Worth
George Soros has an estimated net worth of $8.6 billion. He is a self-made billionaire known for his investment savvy and his vast body of philanthropic work. He earned the majority of his income from investments.
George Soros, an investor and philanthropist, emigrated to London in the mid-1940s after surviving Nazi occupation and Communist rule in Hungary. He studied economics there and, after graduating, moved to New York City in 1956, where he began a career in finance. He began his renowned philanthropic efforts in 1979, and as of 2012, his lifetime giving through his Open Society Foundations totaled more than $7 billion.
To calculate the net worth of George Soros, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as loans and personal debt, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$8.6 billion|
|Monthly Salary:||$50 Million+|
|Annual Income:||$600 Million+|
|Source of Wealth:||Speculator, Investor, Businessperson, Entrepreneur, Analyst, Financier, Trader, Business magnate|
György Schwartz was born on August 12, 1930, in Budapest, Hungary, to Tividar and Erzebat Schwartz. In order to avoid increasing anti-Semitism, his father changed their surname to Soros in 1936. He survived the Nazi invasion and occupation of Hungary as a teenager in 1944.
Soros emigrated from then-Communist-ruled Hungary to England in 1947, following the end of WWII. Soros began studying Karl Popper’s The Open Society and Its Enemies at the London School of Economics, which explores the philosophy of science and serves as Popper’s critique of totalitarianism. The book taught Soros that no ideology owns the truth and that societies can flourish only when they operate freely and openly while respecting individual rights—thoughts that would have a lasting impact on Soros for the rest of his life.
Soros graduated in 1952 and moved to New York in September 1956 to work at the Wall Street brokerage firm F.M. Mayer. After working for a few more firms, Soros raised $12 million from investors to launch his own hedge fund (the Soros Fund, later renamed the Quantum Fund and later the Quantum Fund Endowment) in 1973. The fund, with Soros at the helm, achieved massive success through its various iterations, and as of September 2015, Soros was ranked as the world’s 21st richest person at the age of 85.
Activities and Controversies
Soros began his charitable work in 1979 and established the Open Society Foundations in 1984. The foundations support a variety of global initiatives aimed at “advancing justice, education, public health, business development, and independent media.” Soros’ foundations support a wide range of causes, including natural disaster relief, after-school programs in New York City, arts funding, lending financial assistance to the Russian university system, fighting disease, and combating “brain drain” in Eastern Europe.
Soros is a towering figure in the world of philanthropy, but he is also a provocative figure. Among his controversial positions are that he supports changing the United States’ “war on drugs” to avoid the current level of criminalization; he was involved in and profited greatly from the 1992 U.K. currency crisis (dubbed Black Wednesday); he has written several books on the impending collapse of the financial markets (and certain observers accuse him of manipulating the markets to achieve his goals); and he has stated that the policies of the United States and Israel hav
In January 2018, Soros spoke at the World Economic Forum in Davos, Switzerland, calling for stricter regulations on Facebook and Google.
“They claim to be merely disseminating information,” he explained. “However, their near-monopoly distribution status qualifies them as public utilities, and they should be subjected to more stringent regulations aimed at preserving competition, innovation, and fair and open universal access.”
Soros also suggested that the tech titans “compromise themselves” in order to enter the Chinese market, combining corporate surveillance with state-sponsored surveillance to create “a web of totalitarian control.”
George Soros is an influential figure and a giant in finance and the realm of philanthropy, with his countless organizations (through which he shapes public policy and undertakes vast humanitarian projects), financial empire, and the 14 books he’s written on subjects ranging from the war on terror to global capitalism.
Soros is the father of five children and has been divorced twice. In 2013, he married his third wife, Tamiko Bolton.
Favorite George Soros Quotes
Unrestrained competition can drive people into actions that they would otherwise regret.
I see tremendous imbalance in the world. A very uneven playing field, which has gotten tilted very badly. I consider it unstable. At the same time, I don’t exactly see what is going to reverse it.
Markets are designed to allow individuals to look after their private needs and to pursue profit. It’s really a great invention and I wouldn’t under-estimate the value of that, but they’re not designed to take care of social needs.
An open society is a society which allows its members the greatest possible degree of freedom in pursuing their interests compatible with the interests of others.
Just as the process of repealing national alcohol prohibition began with individual states repealing their own prohibition laws, so individual states must now take the initiative with respect to repealing marijuana prohibition laws.
If the terrorists have the sympathy of people, it’s much harder to find them. So we need people on our side, and that leads us to be responsible leaders of the world, show some concern with the problems.
View our larger collection of the best George Soros quotes.
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