Biography
George Soros
Real name: György Schwartz
Hungarian-American billionaire, venture capitalist, hedge fund manager, and notable philanthropist (b. 12 August 1930, Budapest, Kingdom of Hungary); resides in New York, USA. George Soros, né György Schwartz, had an estimated net worth of $8.6 billion (as of 2021) and spent more than 64% of his initial fortune towards humanitarian causes; he is often cited as one of the most generous and efficient donors alive. Between 1979 and 2011, Soros gave over $32 billion via his Open Society Foundations "to reduce poverty and increase transparency, and on scholarships and universities around the world." Soros holds honorary doctorates from the New School For Social Research, the University of Oxford, Yale University and several other distinguished institutions.As an outspoken progressive liberal, George Soros primarily funded political causes, including foreign domestic policies; notably, he influenced the fall of communism in Russia and across Eastern Europe in the early 1990s. His $880 million endowment in 1991 inaugurated the Central European University as one of the wealthiest universities in Europe per student count. Due to his explicit political stance and personal agenda, George Soros became a "poster boy" of right-wing, conservative propaganda and numerous conspiracy theories. (For instance, funding from Soros is often presented as evidence of secretive "Zionist influence," even though George is an atheist and explicitly non-religious.)
György Schwartz was born in Budapest to a wealthy, secular Jewish family; his father was a notable Esperanto speaker. In 1936, as Hungary progressively grew more antisemitic, György's family changed their German-Jewish last name to Soros. In March 1944, when George was thirteen, Nazi troops took over Hungary. His father purchased fraudulent documents to disguise their Jewish origins, and the family passed by as Christians. Subsequently, they were forced to associate with Nazi collaborators to survive. In 1945, Soros had to pose as a godson of a local Hungarian collaborationist from the Ministry of Agriculture (who was hiding a Jewish wife). On several occasions, fourteen-year-old George visited Jewish households, helping his "protege" sort valuable belongings left after arrests. (In subsequent interviews in the 1990s and several written memoirs, George Soros displayed an appalling and disturbing lack of remorse and compassion over the experience. He nonchalantly discarded personal participation, insisting these events weren't traumatizing and didn't "spoil" his memories of these exact days as some of the happiest.)
In 1947, after a brief stance in Paris, George Soros settled in London. He studied at The London School Of Economics, earning Bachelor's (51) and Master's (1954) degrees in philosophy. Soros began working at various local British banks, later moving to the United States. George started his "Double Eagle" hedge fund in 1969, establishing a larger "Quantum Fund" by 1973. He became a prolific and successful broker, particularly in foreign currency trading. In the aftermath of the September '92 "black Wednesday" British pound crash, George Soros was called by the press the "man who broke the Bank of England," as he earned over £1 billion by short-selling (i.e., "betting against") the UK national bank.