George Soros has many names. He has been labeled an investor, activist, “the man who broke the bank of England,” but there are also many conspiracy theories about him representing him as the man who controls much more than we think. We can’t disclude the fact he invested a lot in philanthropy, helping black communities. He also helped lots of different groups who are poor and continues to do so. He aspires to spread democracy, and he was The Financial Times’ person of the year two years ago.
Soros’ net worth is estimated at $8.3 billion, making him one of the world’s most prosperous forex traders.
Despite being called many ugly names such as cheater, anarchist, traitor, he is undoubtedly a person of interest. Whatever you think about him, you can’t ignore that he has a lot of influence and skill. Here are some interesting facts, not so many people know about him.
George was a kid when the Nazi occupation started during the mid-1940s. His name was Schwartz György, but his father decided to change identity and move since they were even more in danger of being Jewish. They moved a couple of times until they finally settled in England. His family succeeded in getting false identity papers and helped many others to fake their identity to survive.
In 1947 Soros got into the London School of Economics but earned a degree in Philosophy as well. His family wasn’t financially stable, so he had to secure his student position at the university. He had a part-time job as a railway porter. He also worked as a waiter at a nightclub so he could secure funds for his studies. He was well acquaintanced with the works of Karl Popper, a philosopher who wrote Open Society and Its Enemies, and he is still influenced by it.
Soros started a small business in the 1970s called Soros Fund Management, which was renamed the Quantum Fund. It was a hedge fund that reportedly brought and made 30 percent more annual returns per year. There were also two times when he gained over 100 percent.
Can you believe that Soros opened a university in Budapest back in 1991? His goal was to encourage students to express their critical thinking, especially after the Soviet Union’s fall. However, two years ago, he was forced to shut it down due to Viktor Orban, the Prime Minister of Hungary in December 2018. However, the institution had to be moved from the country by the government of Prime Minister Viktor Orban.
His infamous nickname “the man who broke the Bank of England” originates from 1992, when he made the Bank of England withdraw the currency entirely. He bet $10 billion against GSP, and he became a billionaire in a day.
Even Trump thinks Soros can be a manipulator, but in a sense that he claimed Soros organized a whole caravan so he can transport Mexican immigrants. Then again, Mr. Trump likes to speculate a lot and create controversy, so we can only believe that so much. Much more exciting is that even before elections began in 2016, Soros predicted that Trump would not ruin, but negatively affect the markets. The only wrong fact was that Soros bet the stock market would altogether drop after Trump’s victory.
As we said, Soros is a philanthropist, and since 1984 he gave around $30 billion for various organizations that advocate equality, democracy, freedom of speech, and much more. He does a lot of charity work.
In 2018 many famous democrats were delivered a pipe bomb, and Soros wasn’t an exception. It was successfully detonated, and nobody was hurt, but that can also give you an insight into how much-mixed opinions people have about him and how he knows how many enemies he gained during his lifetime.
George Soros is one of the most debatable personalities and one of the most influential people you can find. He’s done many remarkable things, but the fact remains whether you’re going to believe and speculate about conspiracy theories or see the results of his actions. It is up to you, but what he’s been through to be where he now proves how determined he is, whatever he comes across.