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George Soros


George Soros is not a financial term but a globally recognized name in the finance world. He is a billionaire investor, philanthropist, and author, known for his notable prediction of the Black Wednesday UK currency crisis in 1992. Soros is also the founder of the hedge fund, Soros Fund Management, and the philanthropic organization, Open Society Foundations.


The phonetics of the keyword George Soros is: jorj soh-ros

Key Takeaways

  1. George Soros is a successful and highly influential investor, philanthropist, and political activist. Originally from Hungary, Soros survived Nazi occupation during World War II and later emigrated to England where he studied at the London School of Economics.
  2. He established the Soros Fund Management in 1969, which has generated him a significant amount of wealth over the decades. He became known as ‘The Man Who Broke the Bank of England’ after he bet against the British pound in 1992 and made a reported $1 billion in the process.
  3. George Soros has been a major contributor to various philanthropic causes through his Open Society Foundations. He has donated billions to promote democracy and human rights around the world. Additionally, Soros has been a significant contributor to Democratic candidates and causes in the United States, which has made him a polarizing figure in political discourse.


“George Soros” is an important term in business/finance due to the significant influence that Soros has had on global financial markets. He is one of the most successful and renowned investors in the world, known for his aggressive strategies and high risk-taking. His most notable feat was in 1992 when he made a $1 billion profit in a single day from a speculative bet against the British pound, earning him the title “The Man Who Broke the Bank of England.” In addition to his investment activities, Soros is also recognized for his philanthropic efforts and socio-political ideologies, which have shaped economic and policy discussions worldwide. Thus, his name symbolizes not only financial prowess but also the broader interplay between finance, economics, and societal issues.


George Soros is not a business or finance term, rather he is one of the most renowned personalities in the global financial sphere. Born in Hungary, Soros is an investor, philanthropist, political activist, and author, who garnered vast influence through his successful investments and is known for his speculation on currency fluctuations. One of his famous feats occurred in the 1990s when he shorted the British pound and made over a billion dollars in profit, which led to him being dubbed as the “man who broke the Bank of England”.Yet Soros’ financial influence stretches beyond personal investing. Through the Open Society Foundations, which operates in more than 100 countries around the world, he has donated billions of his own wealth to support democratization, human rights, education, and social reform. His philanthropic activities, coupled with his speculative investing, project Soros’ belief in the potential for financial markets to create both wealth and societal change. His story serves as a relevant case study in the world of finance and investment for the integration of market speculation and active philanthropy.


1. Black Wednesday, UK (1992): Perhaps the most famous instance of George Soros in business/finance is his involvement in Black Wednesday on 16th September 1992. This day, Soros became known as “the man who broke the Bank of England” when his hedge fund, Soros Fund Management, bet heavily against the pound sterling. His speculation against the UK’s currency resulted in the British government withdrawing the pound from the European Exchange Rate Mechanism (ERM). Soros reportedly made a profit of around $1 billion. 2. Quantum Fund: In 1969, George Soros established the Quantum Fund, which, under his leadership, allegedly generated more than $40 billion in profits over four decades. The fund is known for employing aggressive investment strategies including currency trading, swaps, options and other derivatives, and is considered one of the most successful hedge funds in history. 3. Southeast Asian Financial Crisis (1997): In another controversial move, George Soros was accused of triggering the 1997 Asian financial crisis by heavily betting against Thai and Malaysian currencies. This aggressive speculation contributed to the crash of these currencies, leading to a regional economic crisis. Although Soros has not openly accepted these accusations, this situation highlights his significant influence in the global financial markets.

Frequently Asked Questions(FAQ)

Who is George Soros?
George Soros is a notable Hungarian-American investor, business magnate, philanthropist, and author. He is one of the world’s most successful investors and is primarily known for his hedge fund business.
What is Soros famous for in the financial world?
Soros is famous for his 1992 trade where he shorted the British pound and allegedly made over $1 billion. This led to him being dubbed The Man Who Broke the Bank of England.
What is the name of George Soros’s hedge fund?
George Soros is the founder of Soros Fund Management LLC. The fund was later renamed the Quantum Fund.
What is Soros’s investment strategy?
Soros’s investment strategy is based on his theory of reflexivity , which suggests that markets are prone to boom and bust cycles and that an investor could profit from these cycles if they happen to understand them well.
What else is Soros known for besides finance?
George Soros is also known for his philanthropic efforts. He founded the Open Society Foundations, which funds civil initiatives to promote democracy, human rights, and economic, legal, and social reform.
Has Soros written any books on finance and investing?
Yes, Soros has written several books about his theories and strategies on investing. Some of his notable works include The Alchemy of Finance and Soros on Soros: Staying Ahead of the Curve.
Has George Soros retired from the finance world?
Soros officially retired from active management in 2011, but he remains actively involved in the operation of the Quantum Fund and continues to make personal investments.
What is George Soros’s net worth?
As of 2021, George Soros’s net worth is estimated to be $8.6 billion. However, his net worth tends to fluctuate due to market conditions and his continued, active involvement in trading and investing.

Related Finance Terms

  • Quantum Fund
  • Black Wednesday
  • Open Society Foundations
  • Hedge Funds
  • Short Selling

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