How did he make all that money?

The Week (US) - - News -

First, he and his Jewish fam­ily had to sur­vive the Nazis. As an­ti­Semitism swept Hun­gary in the 1930s, his fa­ther changed the fam­ily name from Schwartz and dis­persed fam­ily mem­bers—who pre­tended to be Chris­tians—to sym­pa­thetic Hun­gar­i­ans. The teenaged Soros was sent to live with a Hun­gar­ian gov­ern­ment of­fi­cial, and once ac­com­pa­nied the man in his du­ties to in­ven­tory con­fis­cated Jewish prop­erty. Soros has freely dis­cussed this in re­cent years, giv­ing rise to the false smear that he had been a Nazi col­lab­o­ra­tor who sent his fel­low Jews to the gas cham­bers. After sur­viv­ing the war, he fled now-com­mu­nist Hun­gary for the U.K., where he grad­u­ated from the Lon­don School of Eco­nomics and headed to Wall Street. There he raised $12 mil­lion from in­vestors and dis­cov­ered his ge­nius for cur­rency spec­u­la­tion through hedge funds. In 1992, his Quantum Fund made $1.5 bil­lion in a sin­gle month by bet­ting that the Bri­tish pound would fall against the Ger­man mark. The pound plum­meted and Soros cleaned up, earn­ing the nick­name “the man who broke the Bank of Eng­land.” Soros went on to make bil­lions bet­ting against cur­ren­cies in Thai­land, Malaysia, and Ja­pan, among oth­ers.

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