⬅ # 413 Niels Peter Louis-Hansen|# 415 Alexei Kuzmichev

# 414 George Soros 

$6.84B

Real Time Net Worth
as of 5/27/2024

# 414 George Soros 

$6.84B

Real Time Net Worth
as of 5/27/2024
OccupationFounder, Soros Fund Management
Source of WealthHedge Funds
Age93
ResidenceKatonah, New York
Marital StatusMarried
Children5
EducationBS, London School of Economics
Age-Adjusted Net Worth$733.59M
George Soros
George Soros
United States
Net worth: $6.84B

Self-Made Score 

Wealth History

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Biography

Early Life

George Soros, born György Schwartz on August 12, 1930, is a Hungarian-American billionaire hedge fund manager and philanthropist.
He survived the Nazi occupation of Hungary and moved to the United Kingdom in 1947, where he attended the London School of Economics.

Investment Career

Soros's investment career began in London at Singer & Friedlander in 1954, where he worked as a clerk before moving to New York City in 1956 to work for F. M. Mayer as an arbitrage trader.
He later worked at Wertheim & Co. as an analyst of European securities, during which he developed the theory of reflexivity for capital markets.
In 1969, Soros founded the Double Eagle hedge fund with $4 million, later renamed the Quantum Fund, which became the principal firm he advised.
Soros established Soros Fund Management in 1970, serving as chairman, and had notable figures like Jim Rogers and Stanley Druckenmiller involved at various times.
He returned outside investors' money in 2011, valuing at $1 billion, and instead invested his family fortune due to changes in SEC disclosure rules.
The Quantum Fund made $5.5 billion in 2013, solidifying its position as one of the most successful hedge funds in history.

Philanthropy and Political Influence

Soros shifted $18 billion from his family office to his Open Society Foundations as of 2018.
He has donated more than $32 billion to the Open Society Foundations, with $15 billion already distributed, representing 64% of his original fortune.
Soros has been one of the Democratic Party's most generous donors, pouring $125 million into a super PAC ahead of the 2022 midterm elections.
He influenced the fall of communism in Eastern Europe and provided significant funding to the Central European University in his Hungarian hometown.
Soros's extensive funding of political causes has made him a target of criticism and conspiracy theories, particularly from European nationalists, with allegations often being labeled as antisemitic.
He founded the Institute for New Economic Thinking in 2009 to investigate new approaches to organizing the international economic and financial system.

Market Impact and Controversies

Soros famously shorted the British pound in 1992, reportedly making a profit of $1 billion and earning him the moniker 'The Man Who Broke the Bank of England'.
During the Asian financial crisis in 1997, Malaysian Prime Minister Mahathir Mohamad accused Soros of using his wealth to punish ASEAN for welcoming Myanmar, making specific references to Soros's Jewish background.
Soros has been criticized for his market impact, with economist Paul Krugman referring to investors who trigger currency crises as 'Soroi'.
In 1989, Soros faced allegations of insider trading in Société Générale shares, ultimately resulting in a conviction in 2006, although Soros denied any wrongdoing.

How long would it take you to become as rich as George Soros?

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach George Soros's net worth of $6.84B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.57% compared to 11.75% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

George Soros is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For George Soros, Hedge Funds is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey