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George Soros HonFBA (born György Schwartz on August 12, 1930) is a Hungarian-American billionaire businessman, investor, and philanthropist. As of October 2023, he had a net worth of US$6.7 billion, having donated more than $32 billion to the Open Society Foundations, of which $15 billion has already been distributed, representing 64% of his original fortune.
The return on equity (ROE) is a measure of the profitability of a business in relation to its equity; where: ROE = Net Income / Average Shareholders' Equity [1] Thus, ROE is equal to a fiscal year 's net income (after preferred stock dividends, before common stock dividends), divided by total equity (excluding preferred shares), expressed as a ...
This is a return of US$20,000 divided by US$100,000, which equals 20 percent. The US$20,000 is paid in 5 irregularly-timed installments of US$4,000, with no reinvestment, over a 5-year period, and with no information provided about the timing of the installments. The rate of return is 4,000 / 100,000 = 4% per year.
The net worth of the world's billionaires increased from less than US$1 trillion in 2000 to over $7 trillion in 2015. The World's Billionaires is an annual ranking of people who are billionaires, i.e., they are considered to have a net worth of US$1 billion or more, by the American business magazine Forbes. The list was first published in March ...