Category: Financial Crisis

George Soros: A Self-made Billionaire


George Soros is a wealthy man. His name will definitely come up if people decide to talk about the richest people on earth. Ranked at position 23 on the Forbes rich list, Soros is a self-made billionaire. He has utilized his long life properly since he has really made it. George Soros was born 85 years ago in Budapest, Hungary. He is a citizen of both the USA and his home country of Hungary. He is of Jewish descent and a real hard worker.

George Soros is well-educated man as shown by him holding a Bachelor of Arts degree from the London School of Economics. He also holds a Master’s degree. Soros holds several titles in the business world. He is the Chairman to Open Society Foundation and also Soros Fund Management on http://www.nybooks.com/contributors/george-soros/. George Soros is also the architect responsible for existence of Quantum Fund. His Firm Soros Fund Management sold off over a third of its stock in the USA and freed money enough to buy stake at Barrick Gold Corp which is the largest gold miner in the world. The stake was worth $264 million for 1.7 percent of the company.

Soros Fund Management talks openly about the dealings of the billionaire and revealed that he owns 1.05 million shares at SDPR Gold Trust. This is a company whose main role is to keep up with gold prices in the market.

George Soros had endured a tough time before he became the man he is today. He was a Word War Two survivor and was lucky to escape the Nazis and fled to England. He stayed in England for a long time and acquired his academic qualifications there. It is then that he moved to America where he built his empire.

Soros has been involved in various activities aimed at bettering the lives of those who are not very fortunate. He has helped provide finances to aid black students in studying in Cape Town University. This was back in the days when South Africa was an apartheid state. His organization, Open Society Foundation active in over 100 countries across the globe and take pride in trying to ensure fairness and transparency in the society.

George Soros is a man of many abilities. Aside from being a busy business man, George Soros also functions as an author. He has written many books in which he seeks to offer advice on several topics. He has written on matters relating to economics, society and politics. Soros also tries to warn if he notices something that may go wrong. He issued warning on the danger of having an economy run through debts. He gave an example of what happened in 2008 when there was a worldwide inflation due to accruement of debts in the US economy. Read more on http://www.theatlantic.com/magazine/archive/1997/02/the-capitalist-threat/376773/

Soros and his companies seek to grow even more around the world while also looking to bettering the lives of other people. That is the real meaning of true wealth.