George Soros has an amazing track record of success in the world of finance. With a childhood plagued by the Holocaust, he managed to find a way to reach success regardless of those circumstances. As decades have gone by he has built one of the largest fortunes in the world. With a net worth of $24.9 billion, George Soros is among the 30 wealthiest people in the world. His financial wit has allowed him to make money regardless of the market conditions he faces. Whether there’s an economic boom or a recession George Soros continues to bring in money.
Much of the success of George Soros revolves around his ability to predict the activity of global markets. Even some of the most challenging categories of financial investment on nybooks.com he manages to succeed at unprecedented levels. His success in currency exchanges stands as a shining example of his talent. In 1992, George Soros invested heavily into British pound sterling until September 1992 which is when he then sold his investment for $10 billion dollars. He has successfully predicted financial disasters 3 times and avoided becoming a victim of these financial disasters with near flawless moves. Central to all of Soros’ financial investments is the Soros Fund Management. Founded in 1970 it has been Soros primary means of investing into the global markets. Later renamed the Quantum Fund Soros sought to make it the most successful hedge fund in world history. He has managed to continue to hold this title even during recent financial crises such as the 2008 subprime mortgage recession.
The fact that George Soros has made his hedge fund the most successful in history speaks to his amazing talent. There are many who have attempted to best him, but he still remains ahead of all others. Even with his generous philanthropy, numbered around $11 billion in contributions, he continues to dominate his selected target. His ability to predict financial disasters time and time again separates him from the rest of his peers. Though many have made some success, his ability to do so even during the worst storms is record breaking. You can take anything from the subprime mortgage crisis on Politico or even further back some of the financial disasters of the 1990s and you will see examples of his endurance. George Soros is one of the greatest examples of a rag to riches story you can find anywhere in the world.