Bloomberg Billionaires Index

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#30 George Soros $24.4B

Random fact: His charities have donated more than $8 billion since 1979.


Soros is the founder of Quantum Fund, once one of the world's largest hedge funds with about $30 billion under management. The billionaire returned money to his outside investors in 2011 and changed the investment business into a family office. The fund also handles the multibillion-dollar endowments of his philanthropies.

As of Aug. 19, 2017:
Last change No change
YTD change -$844M (-3.3%)
Industry Finance
Biggest asset Soros Fund Management
Citizenship United States
Age 86
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

George Soros's net worth of $24.4B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

Soros's fortune is held in his Soros Fund Management, the hedge fund he turned into a family office in mid-2011 after returning less than $1 billion of its $25.5 billion in assets under management to outside investors.

The fund company has about $30 billion under management, according to Bloomberg News reports. About $22.4 billion of that comprises Soros's assets, based on performance adjustments applied since mid-2011, which are based on Bloomberg News reports or data from LCH Investments on Soros's performance when available, and on HFR Indices to reflect hedge fund performance generally, through March 2017.

Of Soros's personal assets, about $2 billion is managed by Key Square, a hedge fund he backed, according to Bloomberg News. The balance of Soros Fund Management assets is made up of charitable funds from Soros's five foundations -- the Open Society Institute, Foundation for an Open Society, Open Society Fund, Soros Fund Charitable Foundation and Soros Economic Development Foundation - and the Alexander Soros Foundation and Paul & Daisy Soros Foundation, according to the organizations' 2014 and 2015 tax returns, which indicate most of their funds are managed by the family office.

The billionaire declined to comment on his net worth through spokesman Michael Vachon.


Birthdate: 8/12/1930
Family: Married, 5 children
Education: 1954, London School of Economics & Political Science, Philosophy, Master's Degree 1951, London School of Economics & Political Science, Philosophy, Bachelor's Degree

Identifying big trends has defined the life of George Soros. His father's ability to recognize the trouble Nazis would bring to his native Hungary prompted him to create false identities in order to protect 13-year-old George and the rest of his family. Later, Soros's own ability to see macro trends would lead him to make big, successful trades -- from a $10 billion short position against the British pound in 1992 to a bearish call on the Thai baht five years later -- that made his Quantum Fund the world's largest hedge fund in the late 1990s.

The longtime Manhattan resident has distributed more than $8 billion of his earnings since 1979 to promote democracy, freedom of information and help for the underprivileged. In the five decades between dodging Nazi and Soviet troops and becoming a leader in the hedge fund world, Soros studied at the London School of Economics before making his way to New York and an arbitrage job in 1956.

Soros had raised $12 million by 1973 and eventually started what would become the Quantum Fund, which grew to $22 billion of assets under management by 1998. While his famous trades and active support of social and political causes have made him a lightning rod for criticism over the years, Soros continues to spend the majority of his time on philanthropic and democratic efforts, leaving day-to-day management of the now-named Quantum Endowment Fund to his sons.

He returned less than $1 billion to investors and turned Soros Fund Management into a family office in 2011.

  • 1930 Born as Gyorgy Schwartz in Budapest. The family later changes name to Soros.
  • 1944 Nazis invade Hungary, forcing Soros' family into hiding.
  • 1947 After surviving Nazi occupation, flees Soviet-dominated Hungary for London.
  • 1954 Graduates from the London School of Economics.
  • 1956 Sails to New York, takes job trading foreign stocks with F.M. Mayer.
  • 1973 Creates Quantum hedge fund in New York.
  • 1998 Quantum becomes the largest hedge fund in world.
  • 2011 Converts hedge fund to family office, returning less than $1B to investors.