George Soros
- Net Worth
- $19 B As of September 2012
At a Glance
- Age: 82
- Source of Wealth: hedge funds, self-made
- Residence: Katonah, NY
- Country of Citizenship: United States
- Education: Bachelor of Arts / Science, London School of Economics
- Marital Status: Divorced
- Children: 5
Profile:
Legendary investor George Soros retired
in 2011 and turned his hedge fund into a family office, returning just
under $1 billion in assets to outside investors. Soros also brought in a
new investment officer to help oversee the remaining assets belonging
to his family and his foundations. His fortune is down due to a reported
drop in performance but also because our new estimate subtracts sums we
believe he manages for his
foundation. Born in Budapest, Soros survived the Nazi occupation of
Hungary and went on to study at the London School of Economics before
launching storied hedge fund firm Quantum Fund Management in 1969.
Outspoken on world economic policies and an unapologetic proponent of
European integration, Soros has recently called the design of the euro
"very flawed" and described the situation as an "existential crisis" for
Europe. Since 1979 Soros has given away $8.5 billion to human rights,
education and public health groups; $6 billion has gone to international
causes and estimated $400 million to fight poverty. Among his notable
recent gifts: $160 million toward improving the lives of Europe's Roma
minority and $100 million to overcome barriers faced by African American
boys and men. Soros has also committed $150 million to combating
corruption and promoting transparency in governments around the world.
His efforts have resulted in the creation of organizations such as
Revenue Watch, which works to ensure that citizens benefit from their
country's natural resources. In August 2012, at his 82nd birthday party
at his summer home in Southampton, Soros announced that he and his
girlfriend, Tamiko Bolton, are engaged. Bolton is 42 years Soros' junior
and will become the financier's third wife. The couple plans to marry
in the summer of 2013.
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