Here’s a look at the life of one of the most successful investment financiers in the world, George Soros. An active philanthropist, Soros has donated more than $30 billion to various causes over the years.
Personal:
Birth date: August 12, 1930
Birth place: Budapest, Hungary
Birth name: György Soros
Father: Tivadar Soros, lawyer
Mother: Elizabeth (Szucs) Soros
Marriages: Tamiko Bolton (September 21, 2013-present); Susan Weber (June 19, 1983-2005, divorced); Annaliese Witscha (September 17, 1960-1981, divorced)
Children: with Susan Weber: Gregory, Alexander; with Annaliese Witschak: Jonathan, Andrea, Robert
Education: London School of Economics, B.S., 1952
Timeline:
Spring 1944 – The Soros family goes into hiding to avoid deportation to a concentration camp by the Nazis.
1947 – Leaves Hungary for Great Britain.
1956 – Immigrates to the United States.
1973 – Soros sets up his own hedge fund, which eventually becomes the Quantum Fund.
1977 – Is charged with stock manipulation. Soros eventually signs a consent decree that neither admits nor denies guilt. He also settles a $1 million lawsuit with the plaintiff, the Fletcher Jones Foundation.
1979 – Establishes the Open Society Foundations, a network aimed at shaping public policy by promoting democracy, government accountability and human rights through programs in education, public health and independent media.
September 16, 1992 – Soros bets $10 billion against the value of the British pound. After the currency collapse, known as “Black Wednesday,” Soros makes up to $1 billion and becomes known as the man who “broke the Bank of England” by the London press.
1996 – Donates $1 million to promote ballot initiatives in California and Arizona that eventually lead to the legalization of medicinal marijuana use.
December 2002 – Soros is convicted of insider trading by a French court and fined $2.25 million (2.2 million Euros) for a 1988 deal with French bank Société Générale.
2009 – The PSzAF, the Hungarian financial market regulator, fines Soros Fund Management, LLC, $2.2 million (1.6 million Euros), for attempting to manipulate the stock of Hungary’s largest bank.
October 2013 – In addition to supporting numerous Democratic candidates and causes, Soros signs on to co-chair the national finance council for Ready for Hillary, the super PAC laying groundwork for a potential Hillary Clinton presidential bid in 2016.
September 20, 2016 – Says he will invest $500 million into companies and startups founded by migrants and refugees, as well as businesses and initiatives that address the needs of refugees and their host communities.
March 2017 – Tied for number 29 on the Forbes World’s Billionaires list, with a net worth of $25.2 billion.
July 2017 – Hungary and Israel both condemn Soros for using foreign money to influence politics and immigration policies in Europe through his Open Society Foundations. Hungary has posted billboards and posters vilifying Soros for his stance on supporting refugees and immigrants. Peter Szijjarto, Hungary’s foreign affairs minister, defended the billboard campaign, labeling Soros as a “national security risk,” in a statement.
October 17, 2017 – The Open Society Foundations confirms Soros has moved $18 billion to his foundation — the majority of his estimated $24.6 billion fortune. A foundation official tells CNNMoney in an emailed statement the move “reflects an ongoing process of asset transfer that has been underway for several years.”
