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George Soros (born August 12, 1930) is a Hungarian-born American businessman. He is famous as a currency speculator and a philanthropist. Currently, he is the chairman of Soros Fund Management and the Open Society Institute and is also director of the Council on Foreign Relations. He is known around the world for the role he played in Georgia's Rose Revolution. In the United States he is known for donating large sums of money to organizations seeking to unseat US President George W. Bush in the 2004 United States Presidential election.1 Early Life
George Soros is the son of the Esperanto writer Tivadar Soros. Soros was born in Hungary and lived there until 1946Events January January 4 Theodore Schurch becomes the last person to be executed for offences committed under the Treachery Act of 1940 January 7 Allied recognize Austrian republic with 1937 borders the country is divided into four occupation zones Januar, when he escaped the Soviet occupation by participating in an Esperanto youth congress in the West. (Soros was taught to speak the language from birth.) As a young man, Soros traded currencies in the black marketThe black market is the sector of economic activity in a jurisdiction involving illegal activities. Depending on the sense in which the term is used, this can primarily refer to illegally avoiding tax payments, to the profits of narcotic trafficking, or p during the Nazi occupation of Hungary. Soros was fourteen when the Nazis invaded Hungary and he avoided the fate of many Jews as the grandson of a Hungarian official overseeing the confiscation of Jewish properties, who was assisted by his son-in-law, Tivadar Soros.
Soros emigrated to EnglandEngland is the largest, the most populous, and the most densely populated of the four " Home Nations" which make up the United Kingdom of Great Britain and Northern Ireland (UK). Occupying the south-eastern portion of the island of Great Britain, England in 1947Events January January 1 British mines nationalized January 1 Nigeria gains limited autonomy January 1 The Canadian Citizenship Act went into effect January 3 Proceedings of the United States Congress are televised for the first time. January 10 United Na and graduated from the London School of EconomicsThe London School of Economics and Political Science often called the London School of Economics or the LSE is one of the world's major specialist universities in economics and social sciences. It may have had a larger impact on the shape of the modern po in 1952. In 1956 he moved to the United States. He has stated that his intent was to earn enough money on Wall Street to support himself as an author and philosopher. His net worth reached an estimated $11 Billion.
2 "The Man Who Broke the Bank of England"
On Black Wednesday (September 16, 1992), Soros became instantly famous when, believing the Pound Sterling was overvalued, he speculated aggressively against it. The Bank of England was forced to withdraw the currency out of the European Exchange Rate Mechanism, and Soros earned an estimated US$ 1.1 billion in the process. He was dubbed "the man who broke the Bank of England." In 1997, under similar circumstances during the Asian financial crisis, former Malaysian Prime Minister Mahathir bin Mohamad accused Soros of bringing down the Malaysian currency, the ringgit.
Despite his carefully groomed media image, Soros is a controversial figure. Although he has become extremely wealthy as an international investor and currency speculator (his fortune in 2004 was estimated at US$ 7 billion), he freely acknowledges that the current system of financial speculation undermines healthy economic development in many underdeveloped countries.
"But it was in France that Soros got into trouble with the authorities. In 1988, he was asked to join a takeover attempt of a French bank. He declined, but he did buy the bank's stock. In 2002, a French court ruled that was insider trading."
"Soros denies any wrongdoing and says news of the takeover was public knowledge. Nevertheless, he was fined more than $2 million…roughly the amount French authorities say he made from the trades." Bill Moyers PBS
