It is well known that George Soros is one of the most famous expert of small trade, just under Priceonomics. It was suspected by Britain, that it would be devalued, and that no amount of interest in currency purchasing and rate hikes. What is known at this point is that the sentiment would be that Britain will exit ERM and this would devalue the currency of the company, this being a self-fulfilling prophecy. If there was believed to be enough to put the money behind, then this would eventually come true. The history of the British financial is referred to as September 17, 1992, also known as Black Wednesday. Now George Soros‘ refers to the day as Awesome Wednesday. When Great Britain did float it’s currency, the currency fell 15% to the Deutschmark, and 25% to US Dollar. Out of Soros’ Quantum Fund, they bet approximately $15 billion that the pound would fall. When the pound floated, it almost instantly went from $15 to $19 billon, and just a few months later, it was worth almost $22 billion. Since this was a hedge fund, Soros and his partners earned at least 20% of a $7 billion upside, which was worth at least $1.4 billion. These facts and numbers were published by ValueWalk.
George Soros is chairman and founder of Open Society, which is a network of partners, foundations and projects to over 100 countries. He is simply commented to the development and ideas of open society, this includes the government is accountable, rights are respected, and there is no one who has the monopoly when it comes to the truth. With all these aspects, it would seem that Open Society Foundations is unlike any of the other private philanthropic effort. Soros has expanded his philanthropy to the United States, as well as Africa and Asia, and lawyers and paralegals have been supported through Open Society Foundations. Along with this, they have been represented by thousands of individuals who had been unlawfully held, sometimes without any type of legal representation and even for years at times. Along with his other activities on www.project-syndicate.org/columnist/george-soros, Soros has also helped in establishing a international system that has helped to bring accountability and transparency in the natural extraction industries.
In addition to being a chairman and founder of Open Society Foundations, George Soros is also the founder and chair of the Soros Fund Management. In his early life, Soros was born in 1930, he is a survivor of the Nazi occupation that occurred during World War II and had fled the communist-dominated Hungary for England in 1947. He has been an active philanthropist since 1979, this came when he began to provide funds to help black students be able to attend Cape Town University in South Africa. George Soros is the author of more than a dozen books and his essays and articles on politics, economics and society have regularly appeared in magazines and major newspapers world wide.
Within the Open Society Foundations he has worked in promoting human rights, open society and transparency.