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
a. Support: At forbes.com last accessed in September 2013, states that Bill Gates is the wealthiest man in America and his current net worth is 72 billion and is considered to be number 6 of the most powerful people.
Gates was born in 1950, and raised in Piedmont, West Virginia, by his father, Henry Louis Sr. and his mother Pauline Coleman Gates. His father worked at the local Westvaco paper mill during the day and worked nights as a janitor for a local telephone company in order to support his family. Gates ' mother, was a house cleaner and worked hard to raise her sons to live and excel in an integrated world so that they
There is a great connection between the American politics with the business mogul George Soros. This is due to his vast influence of over 30 year as an international liberal supporter, of the democrat’s policies, ideals, and causes. George, who according to Forbes is estimated to be worth $25.2 billion, uses his wealth in his political activism through his Open Society Foundations to donate and fund political and social organizations that promote change and democracy.
David Koch is the richest person who lives in the Park Avenue on the Upper East Side of Manhattan. Koch donates money to politicians, and Paul Ryan received more money from Koch brothers than any other
Elie Wiesel was born on September 30th 1928 into an Orthodox Jewish family in Sighet, Transylvania. Wiesel lived with his parents and sisters. His parents, Shlomo and Sarah, along with his sisters Hilda, Bea, and Tsiporah who all practiced Judaism while growing
The Center For American Progress was started to counterbalance the strong hold the Republicans were given when George W. Bush won the presidential election in 2000 (CAP, par. 2). John Podesta, former Clinton Chief of Staff, and Morton Halperin took on the development of CAP and was given the reigns by George Soros, a multi-billionaire funder of leftwing (Democratic) causes or groups (CAP, par. 3). Soros, at this time, was the mover behind the Shadow Party which was a collection of non-profit activist groups and the founder of the Open Society Institute, which is documented in his book, Open Society: Reforming Global Capitalism, as “stands for freedom, democracy, rule of law, human rights, social justice, and social responsibility as a
George Soros was born from a middle-class family in the year 1930 at the great Kingdom of Hungary and has worked tirelessly for his success. He has been on the frontline fighting and dedicating his efforts for success. He was born and then raised by a Jewish family, and his father Tivadar was a known lawyer. They were a middle-class family who felt uncomfortable with their titles as Jews like any other person. His father had also been imprisoned during the world war one until he decided to escape from Russia that was a hotbed of wars to joining his family in Hungary. His father decided to change the family name and that when they got the name, Soros. George Soros at the age of only 13 years witnessed wars that were historic. That was when the Nazi Germany decided to invade the Hungary, and they started attacking the Jewish families. That is when Soros and fellow Jewish children were denied the right from attending schools and were being advised to report to the Jewish council. That is when his father decided to look for false documents that changed their identity to Christians and therefore helping them survive. The
George Soros is a self-made billionaire known for his investment savvy and quick thinking. Soros was born in Budapest, Hungary, on August 12, 1930. After surviving the Nazi invasion and occupation of Hungary in the early 1940s, Soros fled then Communist dominated Hungary in 1947 and made his way to England. There, at the London School of Economics, Soros began studying Karl Popper’s The Open Society and Its Enemies, which explores the philosophy of science and serves as Popper’s critique of totalitarianism. The essential lesson the book imparted to Soros was that no ideology owns the truth, and that societies can flourish only when they operate freely and openly and maintain respect for individual rights thoughts that
Both of his parents emigrated from Afghanistan and settled in New York where they
John D. Rockefeller was born in New York in 1839 to a religious mother and an unethical con-man of a father named William Rockefeller. By age 20 he had used his knack for extreme meticulousness and went from a bookkeeper for a firm to having a successful partnership in a produce business. Later, he invested money into a Cleveland based petroleum and refinery where his talent for making money was on full display. He stepped into an industry that was unstable to say the least and repaired the market through monopolization. He used tactics such as driving up railroad shipping costs for his competition through rebate agreements with 3 railroads and a few other refineries called the South Improvement Plan. He also saved cost by being as self sufficient as possible, investing in manufacturing their own barrels, purchasing pipelines, railroad tank cars, and storage tanks. After strategically buying many of his competitors and utilizing some unethical tactics such as bribery, and spying by 1882 Rockefeller’s company had hold of 90 percent of the national market. In order too undercut regulations on the state level the company was changed to a Trust.
1983: Martin Shkreli was born and raised in a working class family in Brooklyn, New York.
Thomas Sowell was born on June 30, 1930; in North Carolina but grew up in Harlem, New York; he is an African American economist, political philosopher, social theorist, and an author of books such as Basic Economics, Sowell writes from a conservative, liberal perspective advocating free market economics and has written more than thirty books. Sowell has served on many faculties at several universities this includes, Cornell University, the University of California; he is currently a Senior Fellow at the Hoover Institution, Stanford University. Sowell has also worked for think tanks such as the Urban Institute. Sowell is also a national Humanities Medal winner. His bestselling books include titles such as, Basic Economics: A Common Sense Guide
Therefore, George Soros has selflessly placed his money in the pockets of the impoverished. In addition, George Soros has Jewish ancestry. As a native of Budapest, Hungary, George Soros experienced the atrocities of Nazi Germany firsthand. Moreover, George Soros also attended London School of Economics. This remains attributed to Nazi Germany taking over and desecrating Hungary and all of Eastern Europe. As George Soros attended the London School of Economics, he remained extremely popular among
It is very hard to believe that Soros' abilities are the result of luck. Instead, what emerges from the literature is a portrait of a very shrewd investor and political analysis with a huge ego. For instance, Soros told CNN on national television that the market would react negatively if the U.S. invaded Afghanistan it did. Soros worked with the Clinton Administration to help Russia with their transition, spending millions of taxpayer dollars in the process, and
Bernard Madoff was born on April 29, 1938, in Queens, New York. He used $5,000 earned from a lifeguarding job to found his investment company. Madoff's firm offered reliable returns and his client list included celebrities like Steven Spielberg. Madoff's son reported him for securities fraud