George discovered at an early age that he was very good at anticipating the various fluctuations of many different financial markets. He would be able to see an opportunity to buy a stock when it was undervalued and destined to go up in price. He could also tell when to sell a particular stock because it was about to bottom out. This type of insight made him very successful when he was just starting out as a financial and stock adviser. Although he was making very good money in this line of work, Soros knew he was destined for bigger and better things.
George’s reputation in the financial world started to spread like wildfire. People started to hear rumors about a guy named George Soros who very rarely made a bad investment. Needless to say, many investors wanted to work with George when they found out that there was a very good chance they were going to make a significant profit. Eventually, it got to the point that George had more clients than he knew what to do with. His career could not possibly be going any better. He knew the time was right for him to start controlling his own destiny. He quit his job and started a financial management company called Soros Fund Management.
Headquartered in Manhattan, Soros Fund Management got off the ground in 1969. In the more than four decades since it started, the company has developed a stellar reputation in the financial world. This is not a surprise when you consider that the company routinely gets a 20 percent return for all of its investors. Soros was able to get capital to start his company because many of the people who had invested with him previously still believed that their money was safe with him. He stayed in touch with many of his clients that he worked with while he was employed by several merchant banks. This was all part of his plan. He knew he would need their help when the time eventually came for him to start his own company. He eventually became one of Forbes’ Highest Earning Hedge Fund Managers and Traders.
Soros Fund Management is now a financial juggernaut. In recent years, George has stepped back from the daily operations of the company he founded. He now spends much of his time finding important causes to donate money to. He also gets involved in various political races by supporting certain candidates.