George Soros

The stock exchange is a real place where dreams come true, and sometimes even those that we never dreamed of. These are not empty words, because behind them are dozens of the best traders who became not only rich, but went down in history as political figures, philanthropists and, in one way or another, influenced the course of history and the development of the future.

George Soros is one of the most famous personalities, whose success story excites the minds of our time to this day.

The most famous trader, financier, investor, politician and just a philosopher at heart, all this is not just praise, but the real hard path of a person who was walked with his head held high.

Despite all his achievements, Soros’s life path was very complex and interesting, and the story of his ups and downs became an excellent incentive for all famous traders.

She teaches how to never give up despite mistakes and circumstances.

George was born into the family of the famous lawyer Tivodart Soros in Budapest. His mother was a housewife, but as George himself stated, both of these relatives greatly influenced his future; if his mother was engaged in his internal self-development, his father, as a lawyer, taught him how to communicate with the outside world.

As a child, Soros practically did not stand out in any way; he attended a regular school, and there was no talk of high academic performance. However, already at the age of ten, he made an attempt to earn his first money by publishing his first newspaper, where all the articles were written by him personally. Of course, he couldn’t earn much, but it was hard for the people on the embankment to refuse the assertive boy, who was already trying to sell his work at that age.

At the age of 14, he had to survive the German occupation of Hungary, and since George was a Jew, almost throughout this period his seed with fake documents hid in various shelters and walked on the edge of a knife.

At the end of the war with the advent of the communist regime, George decided to leave the country, and chose England as his second homeland. Life in the UK turned out to be not so simple, so the very young Soros constantly changed various jobs, from a waiter to a fruit picker and a painter.

Realizing that without a profession he could not earn real money, he entered the London School of Economics in 1947 and successfully graduated from it. However, even after receiving a prestigious diploma, a number of failures awaited him, since in England immigrants were not very favored, so he had to grab any low-paid job.  

1953 was one of the turning points in Soros’s life, since it was then that he first got a job at Singer and Friendlander, where he was an intern in the arbitration department. However, being late for work again, he was fired.

George found himself in a difficult situation, but his friend Robert offered him a job in America, where his father’s small brokerage firm was opened. Soros, without hesitation, bought a one-way ticket and immediately flew to his new place of work.

The very young George became simply an indispensable employee in his company, since at that moment shares of European companies, which were understood by a very limited circle of people, became popular in America. As Soros said, “I could add any indicators of European companies that I needed to sell.”  

Afterwards, the successful Soros moved to a large brokerage company, where, under his leadership, two offshore funds were opened, on which he was able to show truly impressive results and earn a large sum.

Feeling a strong foundation under his feet, Soros decided to open his own hedge business together with the famous broker Jimmy Roger. The Soros Fund Management account contained $12 million, which in 11 years turned into $381 million, and George’s fortune at that time was $100 million.  

His fund grew exponentially, but there were also major losses. So, for example, Soros counted on the collapse of the Japanese economy, but in the end the collapse occurred in America itself and literally overnight 200 million dollars were lost.

Soros also went down in history thanks to the fact that he managed to collapse the banking system of England by betting on the devaluation of the pound. Everyone remembered this date as Black Wednesday, but overnight Soros became $958 million richer.

After the crisis in 1997, Soros lost 2 billion and retired, transferring the management of his funds to his right hand Stanley Druckenmiller. Today, Soros is involved in charity work, and his fortune is estimated at $26 billion.