Robert Daniel Soros (born 1963) is an American investor and the founder of Soros Capital Management. The eldest son of billionaire investor

George Soros George Soros (born György Schwartz; August 12, 1930) is an American investor and philanthropist. , he has a net worth of US$7.2 billion, Note that this site is updated daily. having donated more than $32 billion to the Open Society Foundat ...

, he was the deputy chairman and president of his father's firm,

Soros Fund Management Soros Fund Management is a privately held American investment management firm. It is currently structured as a family office, but formerly was a hedge fund. The firm was founded in 1970 by George Soros and, in 2010, was reported to be one of th ...

, until June 2017. He then formed Soros Capital Management, a

family office A family office is a privately held company that handles investment management and wealth management for a wealthy family, generally one with at least $50–100 million in investable assets, with the goal being to effectively grow and transfer ...

based in New York.

Early life and education

Robert Daniel Soros was born in 1963 in

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

, the eldest son of Annaliese and

, a billionaire investor who founded

. Robert attended

Choate Rosemary Hall Choate Rosemary Hall ( ) is a Independent school, private, Mixed-sex education, co-educational, College-preparatory school, college-preparatory boarding school in Wallingford, Connecticut, United States. Founded in 1890, it took its present na ...

, a boarding school in

Wallingford, Connecticut Wallingford is a town in New Haven County, Connecticut, New Haven County, Connecticut, United States, centrally located between New Haven, Connecticut, New Haven and Hartford, Connecticut, Hartford, and Boston and New York City. The town is part ...

. He later graduated in 1986 with a degree in English literature from

New York University New York University (NYU) is a private university, private research university in New York City, New York, United States. Chartered in 1831 by the New York State Legislature, NYU was founded in 1832 by Albert Gallatin as a Nondenominational ...

Career

Soros began his career working at his father's firm, Soros Fund Management. 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. 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. 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. A

based in New York, his firm was a major backer of the Japanese deferred

online payment An e-commerce payment system (or an electronic payment system) facilitates the acceptance of electronic payment for offline transfer, also known as a subcomponent of electronic data interchange (EDI), e-commerce payment systems have become increa ...

service Paidy, which was acquired by PayPal for $2.7 billion in 2021.

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. In June 2021, Soros married Jamie Singer Soros, the CEO and founder of Ussie. Soros is an avid competitive sailor.

References

{{DEFAULTSORT:Soros, Robert 1963 births 20th-century American businesspeople 21st-century American businesspeople American chief executives of financial services companies American commodities traders American financial traders Currency traders American investors American stock traders Living people New York University alumni Stock and commodity market managers