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Sunday, September 22, 2013

Billionaire Soros Marries consultant in his 3rd Marriage

Billionaire Investor George Soros married for the third time on Saturday, tying the knot in what’s being described as a lavish wedding at his estate outside New York City. Soros, 83, married 42-year-old Tamiko Bolton, an education consultant, in a nondenominational ceremony officiated by federal Judge Kimba Wood. A reception with more than 500 guests followed at the Caramoor Center for Music and the Arts, reports said. Among the guests were World Bank President Jim Yong Kim, International Monetary Fund Managing Director Christine Lagarde, the presidents of Estonia and Liberia, and Bono, frontman of the rock band

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George Soros was born in Budapest, Hungary, in 1930. His father was taken prisoner during World War I and eventually fled from captivity in Russia to reunite with his family in Budapest. Soros was thirteen years old when Hitler's Wehrmacht seized Hungary and began deporting the country's Jews to extermination camps. In 1946, as the Soviet Union was taking control of the country, Soros attended a conference in the West and defected. He emigrated in 1947 to England, supported himself by working as a railroad porter and a restaurant waiter, graduated in 1952 from the London School of Economics, and obtained an entry-level position with an investment bank.

In 1956, Soros immigrated to the United States, working as a trader and analyst until 1963. During that time, he developed his own theory of markets called 'reflexivity', which he has laid out in his recent books THE ALCHEMY OF FINANCE and THE CREDIT CRISIS OF 2008 AND WHAT IT MEANS. In 1967 he helped establish an offshore investment fund; and in 1973 he set up a private investment firm that eventually evolved into the Quantum Fund, one of the first hedge funds, through which he accumulated a vast fortune.