George Soros

The stock exchange is a real place where dreams come true, sometimes even those we never dreamed of. These aren't just empty words, as they represent dozens of top traders who not only became rich, but also made 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 modern people to this day.

A renowned trader, financier, investor, political figure, and simply a philosopher at heart, all of this is not just praise, but a real, difficult path of a man that was walked with his head held high.

Despite all his achievements, Soros's life was a complex and interesting one, and the story of his ups and downs has become an excellent incentive for all renowned traders.

She teaches how to never give up no matter the mistakes and circumstances.

George was born in Budapest to the renowned lawyer Tivodart Soros. His mother was a housewife, but George himself claimed that both of these family members greatly influenced his future: while his mother nurtured his inner development, his father, a lawyer, taught him how to interact with the outside world.

As a child, Soros was virtually unremarkable, attending a regular school and not even achieving high academic results. However, at the age of ten, he attempted to earn his first money by publishing his first newspaper, in which he wrote all the articles himself. Of course, he didn't earn much, but people on the waterfront found it hard to refuse the assertive boy, who even at that age was trying to sell his work.

At the age of 14, he had to live through the German occupation of Hungary, and since George was Jewish, his family spent almost the entire period hiding in various shelters with forged documents and walking on a knife edge.

After the war ended and the communist regime came into power, George decided to leave the country, choosing England as his second home. Life in the UK proved far from easy, so the very young Soros constantly changed jobs, from waiter to fruit picker to house painter.

Realizing that he couldn't earn real money without a profession, he enrolled in the London School of Economics in 1947 and graduated with honors. However, even after receiving his prestigious diploma, he faced a series of setbacks, as immigrants were not particularly welcome in England, so he had to take any low-paying job. 

1953 marked a turning point in Soros's life, as it was then that he first took a job at Singer & Friendlander, where he worked as an intern in the arbitration department. However, after arriving late for work yet again, he was fired.

George found himself in a difficult situation, but his friend Robert offered him a job in America, where his father had opened a small brokerage firm. Without hesitation, Soros bought a one-way ticket and immediately flew to his new job.

The very young George became an indispensable asset to his firm, as European stocks, which were only understood by a very limited circle, were gaining popularity in America at the time. As Soros put it, "I could add any figures to the European companies I needed to sell.".  

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

Feeling a solid foundation beneath his feet, Soros decided to open his own hedge fund with renowned broker Jimmy Rogers. The Soros Fund Management account held $12 million, which grew to $381 million over 11 years, bringing George's net worth to $100 million. 

His fund grew exponentially, but there were also major losses. For example, Soros was betting on the collapse of the Japanese economy, but instead, the collapse occurred in America itself, and $200 million was lost literally overnight.

Soros also made history for his contrived collapse of the English banking system by betting on the devaluation of the pound. Everyone remembers this date as Black Wednesday, but overnight, Soros became $958 million richer.

After the 1997 financial crisis, Soros lost $2 billion and retired, handing over management of his funds to his right-hand man, Stanley Druckenmiller. Today, Soros is involved in philanthropy and his net worth is estimated at $26 billion.