Soros, George
| Name |
| ||||
| Birthname | György Schwartz | ||||
| born on | 12 August 1930 | ||||
| Place | Budapest, Hungary, 47n30, 19e05 | ||||
| Timezone | MET h1e (is standard time) | ||||
| Data source |
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| Astrology data |   19°00'  
|
Biography
Hungarian-American business magnate, investor, philanthropist, political activist, and writer. He is chairman of Soros Fund Management. He is known as "The Man Who Broke the Bank of England" because of his short sale of US$10 billion worth of pounds, making him a profit of $1 billion during the 1992 Black Wednesday UK currency crisis. Soros is one of the 30 richest people in the world.
Soros is a well known supporter of American progressive and American liberal political causes. Between 1979 and 2011 Soros donated more than $11 billion to various philanthropic causes. He played a significant role in the peaceful transition from communism to capitalism in Eastern Europe (1984–89) and provided one of Europe's largest higher education endowments to the Central European University in Budapest.
In the early 1990s Soros had been building a huge position in pounds sterling for months leading up to September 1992. Soros had recognized the unfavorable position of the United Kingdom in the European Exchange Rate Mechanism. For Soros, the rate at which the United Kingdom was brought into the European Exchange Rate Mechanism was too high, their inflation was also much too high (triple the German rate), and British interest rates were hurting their asset prices. On September 16, 1992, Black Wednesday, Soros's fund sold short more than $10 billion in pounds, profiting from the UK government's reluctance to either raise its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries or to float its currency. Finally, the UK withdrew from the European Exchange Rate Mechanism, devaluing the pound. Soros's profit on the bet was estimated at over $1 billion. The estimated cost of Black Wednesday to the UK Treasury was £3.4 billion
Relationships
- opponent/rival/enemy relationship with Lamont, Norman (born 8 May 1942)
Events
- Financial : Best Period 16 September 1992 (Black Wednesday UK £ Speculation)
chart Placidus Equal_H.
Source Notes
Date and location from Wikipedia
Starkman rectifed to 01.26.25 CET Asc 11Can52'.
Dr. Bobbi Anne White a Vedic astrologer rectified to 2.35 am DST Zone 1.16 which is not correct zone time.
Categories
- Lifestyle : Financial : Philanthropist
- Lifestyle : Financial : Wealthy
- Vocation : Business : Banker/ Financier
- Vocation : Business : Top executive
- Notable : Famous : Top 5% of Profession
