George Soros’s Life in Brief
Since moving to the United States in 1956 on latino.foxnews.com, George Soros has been involved in several things that have made him one of the most influential individuals, not only in the United States but across the world. He is known for one of the most successful hedge funds, the Soros Fund Management. Besides the hedge fund, he also founded the Open Society Foundations, which has made him also known as a philanthropist. George Soros is also vocal when it comes to politics and he openly supported the Democrats during the 2004 elections.
Though he has grown to become an influential person on bloomberg.com, he was not born in a wealthy family. In fact, as he grew up, there was a war going on in his country of birth. He was born on 12th August 1930 to Tividar and Erzebat Schwartz. His father who was a lawyer was captured and became a prisoner of war in Russia. Because of George Soros’ experience of the war and also being a lawyer, he sensed that the Jewish Council would deport his son. At the age of 13, he separated from his mother and two brothers to reduce the chances of them being killed. He moved to England in 1947 and changed his name from Gyorgy Swartz to George Soros. He proceeded to join the London School of Economics where he earned a Bachelor of Science in philosophy in 1951. He then advanced his studies and graduated with a master’s degree in 1954.
It is while a student at the London School of Economics that he met a Viennese-born philosopher Karl Popper. George Soros say that’s it is Karl Popper that became his spiritual mentor. Though he did not become one of his students, he got interested in his work and read his books. He even submitted essays to Karl Popper for review. It is then that he got to understand the concept of open society through Popper’s book “The Open Society and Its Enemies.”
After finishing school on investopedia.com, Soros joined Singer and Friedlander where he started his career in finance and worked as an international arbitrage. The firm did not pay him enough salary, and he decided to look for another job. After advice from one of his workmates at Singer and Friedlander, he applied for a job at F.M. Mayer, a firm that was based in New York. He moved there in 1956 and worked as an arbitrage trader. His intention was to work there for five years, raise enough money and then move back to England. This did not happen as he got a better job with Wertheim & Co, which he joined in 1959. In 1963, he got a job at Arnhold and S Bleichroeder and stayed there till 1973.
While working at Arnhold and S Bleichroeder, Soros became an expert on issues related to hedge funds. In 1970, he founded the Soros fund and because of conflict of interest with the hedge funds he had set up with at Arnhold and S Bleichroeder, he was forced to quit. The Soros Fund Management has grown to become one of the most profitable hedge funds.