Robert Soros Explained

Robert Soros
Birth Name:Robert Daniel Soros
Birth Place:New York City, U.S.
Education:B.A., New York University, 1986
Occupation:Investor
Father:George Soros
Spouse:

Robert Daniel Soros (born 1963) is an American investor and the founder of Soros Capital Management. The eldest son of billionaire investor George Soros, he was the deputy chairman and president of his father's firm, Soros Fund Management, until June 2017. He then formed Soros Capital Management, a family office based in New York.

Early life and education

Robert Daniel Soros was born in 1963 in New York City, the eldest son of Annaliese and George Soros, a billionaire investor who founded Soros Fund Management.[1] [2] Robert attended Choate Rosemary Hall, a boarding school in Wallingford, Connecticut. He later graduated in 1986 with a degree in English literature from New York University.[3]

Career

Soros began his career working at his father's firm, Soros Fund Management.[4] His first employment at the firm was brief and he left to work at a variety of other organizations, including the German bank Schröder, Münchmeyer, Hengst & Co. He returned to work at his father's firm in 1994.[5]

In 2000, George Soros announced that he will be rolling back his involvement in his firm and appointed Robert Soros as interim chief executive. In October 2001, William Stack was appointed chief executive of Soros Fund Management to replace Robert Soros, who was named deputy chairman.[6] In 2004, Soros was named chief investment officer (CIO) in addition to deputy chairman of the firm which at the time managed $12.8 billion in assets. Soros was in charge of the Quantum Endowment Fund, an investment portfolio managing $8.3 billion in assets. He held the CIO position for two years while continuing to make personal investments as well as trade stocks, bonds, currencies and commodities. Soros stopped trading for the firm in 2012 and continued to manage his own investments.

Soros Fund Management had $26 billion in assets under management by June 2017 when Soros stepped down as deputy chairman and president to start Soros Capital Management.[7] A family office based in New York,[8] his firm was a major backer of the Japanese deferred online payment service Paidy, which was acquired by PayPal for $2.7 billion in 2021.[9]

Personal life

On May 5, 1992, Soros married Melissa Robin Schiff at the Temple Emanu-El in New York City. They filed for divorce in 2014.[10] In June 2021, Soros married Jamie Singer Soros, the CEO and founder of Ussie.[11]

Soros is an avid competitive sailor.[12] [13]

Notes and References

  1. Book: Kaufman, Michael T. . Soros: The Life and Times of a Messianic Billionaire . 2002 . Knopf . Internet Archive . 978-0-375-40585-3 . 94, 128 . en-US.
  2. News: May 24, 1992 . Weddings; Melissa Schiff, Robert D. Soros . en-US . The New York Times . March 18, 2022 . 0362-4331.
  3. News: Zuckerman . Gregory . Calian . Sara . June 16, 2000 . George Soros Alters His Style, Making a Role for Son Robert . en-US . The Wall Street Journal . March 18, 2022 . 0099-9660.
  4. Web site: Burton . Katherine . June 26, 2017 . Robert Soros Is Stepping Down as President of Soros Family Office . March 18, 2022 . Bloomberg.
  5. News: Atlas . Riva D. . October 6, 2004 . 2 Soros Sons Get More Control of the Business . en-US . The New York Times . March 18, 2022 . 0362-4331.
  6. News: October 31, 2001 . Soros Fund Hires Ex-Dresdner Executive . en-US . The New York Times . March 18, 2022 . 0362-4331.
  7. Web site: Porzecanski . Katia . November 21, 2017 . Soros Sons to Back New Hedge Fund From Ex-Soros Manager . March 18, 2022 . Bloomberg.
  8. Web site: Burton . Katherine . December 6, 2018 . Robert Soros to Invest With Strategic Partners as Firm Expands . March 18, 2022 . Bloomberg.
  9. Web site: Surane . Jennifer . Reidy . Gearoid . September 7, 2021 . PayPal to Buy Japanese Unicorn Paidy in $2.7 Billion Deal . March 18, 2022 . Bloomberg.
  10. Web site: Greene . Leonard . April 5, 2017 . George Soros' son Robert must share $22M art collection with estranged wife, court rules . March 18, 2022 . New York Daily News.
  11. Web site: Macon . Alexandra . June 11, 2021 . Jamie Singer Soros Married Robert Soros in a Field of Roses at The Glass House . March 18, 2022 . Vogue . en-US.
  12. Web site: Hufstader . Louisa . September 21, 2021 . Phra Luang Takes Schooner Prize in Pat West Gaff Rig Race . March 18, 2022 . The Vineyard Gazette - Martha's Vineyard News . en.
  13. Web site: Times . The Martha's Vineyard . August 28, 2018 . Juno wins Opera House Cup . March 18, 2022 . The Martha's Vineyard Times . en-US.