Wednesday, 4 April 2012

22. George Soros

George Soros

Net Worth
$20 B As of March 2012
At a Glance
  • Age: 81
  • Source of Wealth: hedge funds, self-made
  • Residence: Katonah, NY
  • Country of Citizenship: United States
  • Education: Bachelor of Arts / Science, London School of Economics
  • Marital Status: Divorced
  • Children: 5
Forbes Lists

Legendary investor George Soros retired last year and turned his hedge fund into a family office, returning just under $1 billion in assets to outside investors. The move means he will not be subject to the hedge fund industry's new disclosure requirements. He also brought on a new investment officer to help oversee the remaining assets belonging to his family and his foundation. He reportedly picked up $2 billion of MF Global's European bonds last year. Outspoken on world economic policies, he recently said he thought Germany's Chancellor Angela Merkel was leading Europe in the wrong direction and said that the design of the euro was "very flawed." Soros, who traveled to Myanmar over the holidays, plans to set up a base for his charitable programs in the Southeast Asian nation. Since 1979 he has given $8.5 billion to human rights, education and public health groups. Among his notable gifts in 2011: $95 million committed to the Institute for New Economic Thinking, a $60 million matching grant to Bard College and $30 million to help black and Hispanic youth in New York City.

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