Bloomberg Billionaires Index

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# 247 George Soros $8.50B

Random fact: Sold short 10 billion British pounds in 1992, and made $1 billion.


Soros is the founder of Soros Fund Management, a family office with about $28 billion in assets under management. The billionaire returned money to his outside investors in 2011 and changed his hedge fund into a family office. The business also handles the multi billion-dollar endowments of his philanthropic ventures.

As of :
Last change No change
YTD change No change
Biggest asset Soros Fund Management
Country / Region United States
Age 92
Industry Finance
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

George Soros's net worth of $8.50B 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 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 family office has about $28 billion under management, according to a May 2022 Bloomberg News report. This includes Soros's own assets and the assets of six Open Society foundations: the Open Society Institute, Foundation for an Open Society, Open Society Fund, Soros Fund Charitable Foundation, Soros Economic Development Foundation and the Fund for Policy Reform. The foundations have a total of about $19.5 billion in assets under management, based on the tax returns of the foundations and information on returns of the family office, and this amount is excluded from the net wealth calculation. The balance, $8.5 billion, is attributed to the billionaire as his personal assets.

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


Family: Married, 5 children

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 re-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. By 2017, his charities had assets of more than $18 billion.

  • 1930 Born as Gyorgy Schwartz in Budapest. The family later changes name to Soros.
  • 1944 Nazis invade Hungary, forcing Soros's 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.