Robert Soros

Last updated

Robert Soros
Born
Robert Daniel Soros

1963 (age 58–59)
New York City, U.S.
EducationB.A., New York University, 1986
OccupationInvestor
Employer
Parent(s)

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.

Contents

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. [3] He later graduated in 1986 with a degree in English literature from New York University. [2] [4]

Career

Soros began his career working at his father's firm, Soros Fund Management. [5] 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] [6]

In 2000, George Soros announced that he will be rolling back his involvement in his firm [4] 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. [7] 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. [6] 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. [5]

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. [5] [8] A family office based in New York, [9] 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. [10]

Personal life

On May 5, 1992, Soros married Melissa Robin Schiff at the Temple Emanu-El in New York City. [2] They filed for divorce in 2014. [11] In June 2021, Soros married Jamie Singer Soros, the CEO and founder of Ussie. [12]

Soros is an avid competitive sailor. [13] [14]

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References

  1. ↑ Kaufman, Michael T. (2002). Soros: The Life and Times of a Messianic Billionaire. Internet Archive. Knopf. pp. 94, 128. ISBN   978-0-375-40585-3.
  2. 1 2 3 "Weddings; Melissa Schiff, Robert D. Soros". The New York Times. May 24, 1992. ISSN   0362-4331 . Retrieved March 18, 2022.
  3. ↑ Kaufman 2002, p.  148–149.
  4. 1 2 Zuckerman, Gregory; Calian, Sara (June 16, 2000). "George Soros Alters His Style, Making a Role for Son Robert". The Wall Street Journal. ISSN   0099-9660 . Retrieved March 18, 2022.
  5. 1 2 3 4 Burton, Katherine (June 26, 2017). "Robert Soros Is Stepping Down as President of Soros Family Office". Bloomberg. Retrieved March 18, 2022.
  6. 1 2 Atlas, Riva D. (October 6, 2004). "2 Soros Sons Get More Control of the Business". The New York Times. ISSN   0362-4331 . Retrieved March 18, 2022.
  7. ↑ "Soros Fund Hires Ex-Dresdner Executive". The New York Times. October 31, 2001. ISSN   0362-4331 . Retrieved March 18, 2022.
  8. ↑ Porzecanski, Katia (November 21, 2017). "Soros Sons to Back New Hedge Fund From Ex-Soros Manager". Bloomberg. Retrieved March 18, 2022.
  9. ↑ Burton, Katherine (December 6, 2018). "Robert Soros to Invest With Strategic Partners as Firm Expands". Bloomberg. Retrieved March 18, 2022.
  10. ↑ Surane, Jennifer; Reidy, Gearoid (September 7, 2021). "PayPal to Buy Japanese Unicorn Paidy in $2.7 Billion Deal". Bloomberg. Retrieved March 18, 2022.
  11. ↑ Greene, Leonard (April 5, 2017). "George Soros' son Robert must share $22M art collection with estranged wife, court rules". New York Daily News. Retrieved March 18, 2022.
  12. ↑ Macon, Alexandra (June 11, 2021). "Jamie Singer Soros Married Robert Soros in a Field of Roses at The Glass House". Vogue. Retrieved March 18, 2022.
  13. ↑ Hufstader, Louisa (September 21, 2021). "Phra Luang Takes Schooner Prize in Pat West Gaff Rig Race". The Vineyard Gazette - Martha's Vineyard News. Retrieved March 18, 2022.
  14. ↑ Times, The Martha's Vineyard (August 28, 2018). "Juno wins Opera House Cup". The Martha's Vineyard Times. Retrieved March 18, 2022.
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