Who is Tamiko Bolton?
Tamiko Bolton was born on 1 March 1971, in California, USA. She is an entrepreneur, pharmacist, and education consultant, but best known to the public for being the third wife of investor George Soros. Her husband is famous for being The Man Who Broke the Bank of England, profiting by $1 billion during the 1992 Black Wednesday UK currency crisis.
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The Riches of Tamiko Bolton
How rich is Tamiko Bolton? As of mid-2019, her net worth is unknown, no doubt with some wealth from her previous careers, but she primarily relies on her association with Soros, who has a net worth variously estimated to be between $10 and 20 billion, depending on the value of his investments and how much he gives away – he’s known as one of the most generous of philanthropists.
Early Life and Education
While there is very limited information about Tamiko’s family and childhood, it is known that she is of part Japanese descent through her mother, who was a nurse, as well as American descent through her father, a retired UN Navy commander.
After matriculating from high school, she enrolled at the University of Utah.
The university is located in Salt Lake City and is the flagship university of the state, offering nearly 200 degree programs for graduates and undergraduates. The school has over 30,000 students and was established in 1850, making it the oldest institution of Utah. It has been responsible for a high number of notable graduates and ranked 61st among US universities in expenditures in 2017.
Following the completion of her undergraduate degree, Tamikon furthered her studies by enrolling at the University of Miami, taking up a master’s degree in business administration.
UM is a private university in Florida, with over 17,000 students, offering numerous degree programs, and with students representing all 50 states of the US as well as around 150 foreign countries.
After completing her MBA, Bolton became a licensed pharmacist, and began working in the health and education sector, mainly as a consultant. During this period, she had the idea of her first business, and established an online-based dietary supplement and vitamin company. Later on, she became the advisor of an online-based yoga education platform. She was mostly under the radar during this period of time, but gained a lot of attention when she began a relationship with Soros.
After her marriage, she became a partner of Soros Fund Management, an American investment management firm. It was initially a hedge fund but was later structured as a family office. It was reported to be one of the most profitable firms in the hedge fund industry, with an average of 20% annual returns over four decades. She often accompanies her husband to various events around the world – he has spoken at economic events, travelled Europe, and the duo also attended UN summits. They’ve also engaged themselves in numerous charitable efforts, mostly with his philanthropic agency, the Open Society Foundation.
Husband – George Soros
Schwartz Gyorgy was born in 1930 in Budapest, and as a Jew survived the Nazi Germany occupation of Hungary. In 1947 he moved to the United Kingdom, and continued his education at the London School of Economics. Following the completion of his master’s degree, he began taking jobs at merchant banks in the UK, before moving to the US in 1956. There, he started his first hedge fund called Double Eagle which would form the basis of his second hedge fund Soros Fund Management. Double Eagle would later become Quantum Fund, and it has over $25 billion in assets, though he has contributed over $32 billion to his charity.
His investment and trading philosophy is based on an application of Karl Popper’s General Theory of Reflexivity towards capital markets. According to him, the theory gives him a clear picture of asset bubbles and market value of securities. He is also very active in support of political causes, often contributing to progressive and liberal ones. His donations aim to reduce poverty, increase transparency and for schools to offer more scholarships around the world. He is considered a big influence in the fall of communism in Eastern Europe, and provided Europe’s largest higher education endowments to Central European University in his hometown.
Open societies around the world are facing grave threats, and climate change threatens our very civilization. Global education can help us address these challenges. Watch my speech live from @Davos #WEF20 Thursday at 8pm CET/2pm EST: https://t.co/xBTOMdzKN0 pic.twitter.com/6utpWxDVh2
— George Soros (@georgesoros) January 21, 2020
For her personal life, it is known that Tamiko was married sometime during her youth, in between her college graduation and pursuit of a master’s degree, though few details have been shared, as the marriage quickly ended in divorce. Her second husband George Soros was married twice before her, to Annaliese Witschak in 1960 in a marriage which lasted for 23 years, and which produced three children. Following their divorce, he married Susan Weber in 1983 who was 25 years younger than him; they had two children, but divorced in 2005.
Tamiko and George met in 2008 – she is 42 years younger than him. They married in 2013 and their marriage had a bit of a rough patch when she became involved in a legal battle with George’s former partner actress Adriana Ferreyr, who filed a lawsuit for $50 million claiming that Soros had promised her an apartment worth $1.9 million which he later gave to Tamiko. She began slandering Soros and even physically attack him. Soros in turn filed a motion to dismiss the lawsuit. Despite all of his philanthropic efforts, he mentioned that he will provide generously for his wife.