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George Soros

9 questions · Economics

George Soros, born in Budapest, Hungary in 1930, survived the Nazi occupation as a child and later became one of the best-known investors in the world. With his hedge fund he speculated on currencies and markets in the billions. He became famous in 1992 as „the man who broke the Bank of England“, when a huge bet against the British pound earned him over a billion dollars. He gave much of his fortune, through his Open Society foundations, to democratic causes. Good to know: He bet billions on rising or falling prices. His fund achieved enormous returns over decades. The bet forced Britain to devalue the pound. Soros made over a billion dollars from it. The title stands for his most famous speculation. A single investor beat an entire central bank. As a Jewish child he survived the Nazi occupation. Later he studied in London and moved to the USA. He gave them many billions of dollars. They promote open societies and civil rights worldwide. This lowered his personal fortune considerably. In total he donated over 30 billion dollars.

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How did George Soros make his fortune?

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with a hedge fund

He bet billions on rising or falling prices.

💡 Did you know? His fund achieved enormous returns over decades.

Against which currency did Soros bet with huge success in 1992?

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the British pound

The bet forced Britain to devalue the pound.

💡 Did you know? Soros made over a billion dollars from it.

Which institution did Soros famously break in 1992?

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the Bank of England

The title stands for his most famous speculation.

💡 Did you know? A single investor beat an entire central bank.

From which city and country does Soros come?

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from Budapest, Hungary

As a Jewish child he survived the Nazi occupation.

💡 Did you know? Later he studied in London and moved to the USA.

What are Soros's charitable networks for democracy and civil rights called?

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Open Society Foundations

He gave them many billions of dollars.

💡 Did you know? They promote open societies and civil rights worldwide.

What did Soros do with most of his fortune?

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he gave it away

This lowered his personal fortune considerably.

💡 Did you know? In total he donated over 30 billion dollars.

What is remarkable about Soros’s role?

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he is politically controversial

His work for open societies makes him a bogeyman for many autocrats.

💡 Did you know? Fact-checkers have debunked countless false claims about him.

Which market theory of his own does Soros advocate?

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reflexivity

It holds that investors’ expectations themselves change the markets.

💡 Did you know? This idea shaped his whole investment style.

George Soros

Foto: Niccolò Caranti · CC BY-SA 4.0 · Wikimedia Commons

Which billionaire is shown here?

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George Soros

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