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How Did George Soros Become Successful

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George Soros is one of an exclusive group of elite investors that includes Warren Buffett, Carl Icahn, Peter Lynch, William J. O’Neil, and Jack Bogle. He is a self-made billionaire with an estimated net worth of $24.9 billion, which ranks him as the 15th wealthiest person in the U.S. and the 23rd wealthiest person in the world. Soros overcame major obstacles during his teenage years to become one of the most successful businessmen in the world, and he has been able to use his wealth to fight for causes he believes in and influence U.S. politics. Soros was born in Hungary to a middle-class Jewish family in 1930. Because of the political climate at the time, his parents did what they could to hide their Jewish roots and even changed their family name from Schwartz to the native Hungarian name Soros. As a young teenager, he would survive the Nazi occupation of his country in the early 1940s, then in 1947, he would flee the Communist domination of his country with his family to England. Soon after arriving in England, Soros enrolled in the London School of Economics and became heavily influenced by the teachings of philosopher Karl Popper. Popper wrote a …show more content…

Then in 1956, he immigrated to New York and worked as an arbitrage trader for F.M. Mayer. He also worked for Wertheim & Co. as an analyst of European securities and was a vice president at Arhnold and S. Bleichroeder before starting Soros Fund Management, which was later named the Quantum Fund, in 1970. The Quantum Fund became one of the most successful hedge funds in the history of the industry, but Soros became more well known for breaking the Bank of England when he short sold the pound which forced the UK Treasury to devalue their currency which cost them 3.4 billion pounds. Soros made a profit of over $1 billion on this

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