George Soros is a Hungarian born billionaire investor, philanthropist and author. The American businessman was once known as "The Man Who Broke the Bank of England" after speculating on the Pound Sterling, believing it was overvalued. Soros earned himself 1.1billion US dollars from the deal in 1992. George Soros is also a generous philanthropist, giving away millions of dollars every year to the poor and disadvantaged of the world. He also has numerous critics in both finance and politics.
George Soros was born in Budapest, Hungary on August 12, 1930. In 1947 Soros fled the Soviet Union Communist occupation of Hungary and arrived in England. He then went on to study at the London School of Economics and graduated in 1952. Soros then emigrated and settled in in the United States of America in 1956.
Upon moving to America, Soros set up an investment fund that went on to create his massive fortune. It was his intention to simply support his love of writing from his Wall Street earnings, but his well timed investment decisions saw his wealth increase dramatically each year. The Quantum Fund, went on to become one of the most successful managed investment funds ever, with a more than 30% increase annually over a 30 year period.
Soros also gained many critics along his path to financial success. Through his International currency speculating he was once given the nickname of "the man who broke the bank of England" from a deal that earned him more than one billion US dollars. He has also been accused of negatively affecting the Malaysian ringgit during the Asian financial crisis through his aggressive currency speculation.
The American billionaire is also a very active philanthropist that is willing to use his money to fund causes that he believes in. Since 1979 he has been supporting and funding various organizations and activities world wide. His first charitable actions helped to fund black students in the University of Capetown in South Africa during apartheid. Soros is founder and chairman of the Open Society Institute, an organization that supports activities in more than 50 countries worldwide.
George Soros is also the author of several books on the economy and politics. He first entered the business world to fund his passion for writing and philosophy, and continues to fulfill this passion with more than 8 published books.
During the 2004 American election year, Soros rose to fame with his criticism of George W Bush. Although not usually known for his participation in politics, Soros believed that the direction the Bush government had been taking America was dangerously wrong. He contributed more than 15 million dollars to oust President Bush. Soros commented that "it is the central focus of my life" and "it is a matter of life and death".