# Soros (DD-535)

> George Soros is a Hungarian-American investor and philanthropist. He made his fortune in hedge funds, notably the Quantum Fund, and became famous on September 16, 1992 ('Black Wednesday'), when his short bet against the British pound earned about $1 billion as the U.K. left the European Exchange Rate Mechanism. Through his Open Society Foundations he has given more than $32 billion, the Reel says, to causes such as democracy, human rights and education. He is also a prominent, and often debated, political donor. The footage, credited to Bloomberg Originals, shows Soros.

- Department: People
- First published: 2025-04-05
- Last updated: 2025-04-05
- Permalink: https://detailenjoyer.com/case/soros/
- Author: Marcus Easterling (DetailEnjoyer), The Detail Department

## On the timeline

- **Sept. 16, 1992**: Black Wednesday

Full timeline: https://detailenjoyer.com/timeline/?case=soros

## Quick facts

- **DD-535-F01**: Hungarian-American. _(Write-up · Exhibit A (Background))_
- **DD-535-F02**: Quantum Fund. _(Write-up · Exhibit B (Fund))_

## Write-up

In 1992, George Soros's fund bet against the British pound and won. He is known as the man who broke the Bank of England.

1. **Background**: Hungarian-American.
2. **Fund**: Quantum Fund.
3. **1992**: Shorted the pound.
4. **Giving**: Over $32 billion, per the Reel.
5. **Foundations**: Open Society.

## Reel vs. record

- **Note**: None needed.

## Video: Soros: In 1992, George Soros's Fund Bet Against the British Pound and Won

- Duration: 28.7 s · Published: 2025-04-05
- File: https://detailenjoyer.com/assets/videos/DIEUQLaxHP9.mp4

### Transcript

Did you know George Soros is a Hungarian-American billionaire investor, philanthropist, and political activist best known for his work in finance and his global influence through philanthropy and political engagement. He made his fortune through hedge fund management, most notably with the Quantum Fund, and became famous for breaking the Bank of England in 1992 by shorting the British Pound. Soros has donated over 32 billion dollars through his open society foundations, supporting causes such as democracy, human rights, education, and criminal justice reform across the globe. NOW YOU KNOW!

## Questions & answers

**Q: Famous 1992 trade?**  
A: Black Wednesday. _(Source: Write-up · Exhibit A (Background) · Wikipedia: George Soros)_

**Q: Fund?**  
A: Hedge fund. _(Source: Write-up · Exhibit B (Fund) · Wikipedia: George Soros)_

**Q: Foundations?**  
A: Philanthropy. _(Source: Write-up · Exhibit C (1992) · Wikipedia: George Soros)_

**Q: Born in?**  
A: Budapest. _(Source: Write-up · Exhibit D (Giving) · Wikipedia: George Soros)_

**Q: Nickname?**  
A: 1992. _(Source: Write-up · Exhibit E (Foundations) · Wikipedia: George Soros)_

## Sources

- [Wikipedia: George Soros](https://en.wikipedia.org/wiki/George_Soros)

## Cite this case file

Easterling, Marcus. "Soros." The Detail Department (DetailEnjoyer), case file DD-535, last updated Apr 5, 2025. https://detailenjoyer.com/case/soros/