George Soros Death – George Soros died early Tuesday morning, 22nd of November 2022 in Hungary. The news about the death of George Soros was confirmed in a Twitter post made on the 22nd of November 2022 by Anti Woke. The cause of death of George Soros was not mentioned in the tweet. No other reliable sources have confirmed whether the death news of George Soros is true of false. George Soros passed away at the age of 92.
George Soros HonFBA is a businessman and philanthropist who was born in Hungary and currently resides in the United States. After donating more than $32 billion to the Open Society Foundations, of which $15 billion has already been disbursed, he had a net worth of $8.6 billion as of March 2021. This figure represents 64% of his initial income.
Who was George Soros?
Soros was born into a Jewish family in Budapest, but his family did not observe their religion and he survived the Nazi takeover of Hungary. In 1947, he went to the United Kingdom. He attended the London School of Economics and received a Bachelor of Science degree in philosophy in the year 1951. Two years later, in 1954, he earned a Master of Science degree, also in the field of philosophy.
George Soros Career
Before Soros established his first hedge fund, Double Eagle, in 1969, he began his professional life in the business world by working in a variety of positions in merchant banks in the United Kingdom and the United States. Soros Fund Management was his second hedge fund, which he established in 1970 with the initial capital provided by the profits from his previous fund. Quantum Fund, formerly known as Double Eagle, was the primary investment company that George Soros advised.
Quantum Fund began with a total of $12 million in assets under management when it was first established, but by 2011 it had grown to $25 billion, representing the majority of Soros’s overall net fortune. Soros is known as “The Man Who Broke the Bank of England” due to his $1 billion profit from short selling US$10 billion in pounds sterling during the 1992 Black Wednesday UK currency crisis.
Soros is an advocate for progressive and liberal political causes, to which he donates through his foundation, the Open Society Foundations. He influenced the fall of Communism in Eastern Europe in the late 1980s and early 1990s, and he provided one of Europe’s largest higher education endowments to his Hungarian hometown’s Central European University. Because of his extensive funding of political causes, he has become a “bugaboo of European nationalists.” In October 2018, the New York Times reported that “conspiracy theories about him have gone mainstream, to nearly every corner of the Republican Party.”
George Soros Obituary and funeral arrangements will be released by the family at a later date.
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