Tuesday, March 13, 2012

George Soros

George Soros ( /ˈsɔroʊs/ or /ˈsɔrəs/; Hungarian: Soros György; Hungarian: [ˈʃoroʃ]; born August 12, 1930, as Schwartz György) is a Hungarian-American business magnate, investor, and philanthropist. He is the chairman of Soros Fund Management. Soros supports progressive-liberal causes. He is known as "The Man Who Broke the Bank of England" because of his US$1 billion in investment profits during the 1992 Black Wednesday UK currency crisis.

Between 1979 and 2011, Soros gave away over $8 billion to human rights, public health, and education causes. He played a significant role in the peaceful transition from communism to capitalism in Hungary (1984–89), and provided Europe's largest higher education endowment to Central European University in Budapest. Soros is also the chairman of the Open Society Institute.

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