Добавить новость
smi24.net
News in English
Март
2024

George Soros: how the former hedge-fund manager built his $7.2 billion fortune, became subject of international conspiracy theories

0
George Soros.
  • George Soros ranks in the world's 400 richest people with a $7.2 billion net worth, per Bloomberg.
  • The famed philanthropist has given away over $32 billion, according to his personal website.
  • He has purchased a sprawling network of homes in the New York area and spends big on politics.

Conspiracy theorists accuse former hedge-fund manager George Soros of aiding Nazis, conspiring to fill Budapest with refugees, and trying to start a civil war in the United States. While these theories lack support, little is actually known about how the 93-year-old billionaire passes his days. 

Soros built his fortune running what was once the world's largest hedge fund — Quantum Fund.

After he passed his hedge fund to his sons in 2011, Soros has largely focused on his personal goal of creating a more open society through giving to both his personal foundation and a variety of progressive politicians, according to his personal website.

Here's how George Soros built his fortune, how he spends it — and why.

Soros was born as Gyorgy Schwartz into a Jewish family in Budapest on August 12, 1930. They later changed their surname to Soros.

Source: Bloomberg

Soros and his family stayed in Budapest through the city's Nazi occupation from 1944–1945, using fake IDs to hide their Jewish heritage. "Instead of submitting to our fate, we resisted an evil force that was much stronger than we were — yet we prevailed. Not only did we survive, but we managed to help others,” Soros is quoted as saying on his personal website.

Source: GeorgeSoros.com

Soros' family fled Hungary for London as the Soviets swept the country in 1947. In London, he worked part-time as a waiter in a nightclub and as a railroad porter.

Source: GeorgeSoros.com

He later enrolled in the London School of Economics, graduating in 1954.

Source: GeorgeSoros.com, Bloomberg

Soros moved to New York in 1956, and got a job trading foreign stocks for F. M. Mayer.

Source: Bloomberg

Soros founded Quantum Fund in 1973. Quantum would later become the largest hedge fund in the world.
Soros and Stanley Druckenmiller, the former manager of the Quantum Fund, speak at a press conference in New York in 2000.

Source: Bloomberg

Quantum's success made Soros a billionaire. His net worth is now $7.2 billion, according to the Bloomberg Billionaires Index.

Source: Bloomberg Billionaires Index

“My success in the financial markets has given me a greater degree of independence than most other people,” Soros said.

Source: GeorgeSoros.com

He retired from managing money for clients in 2011 and passed control of his firm to his sons.

Source: Bloomberg Billionaires Index, Washington Post

Soros returned $1 billion to his investors and established a family office to manage his family's fortune and the assets of his foundation.

Source: Bloomberg Billionaires Index

Soros has been married three times, first to Annaliese Witschak from 1960 to 1983 and later to historian Susan Weber from 1983 to 2005. Soros married his current wife, Tamiko Bolton, in 2013.
George Soros and Tamiko Bolton.

Source: Biography.com

Soros has five children, although none with Bolton.
Soros's son, CEO of JS Capital Management Jonathan Soros (left), holds a picture of Albert Einstien with David Miliband and Soros in 2013.

Source: Bloomberg, The New York Times

The Soros family has several homes, including the Southampton estate where the billionaire hosted his 80th birthday party in 2010.
Shinnecock Inlet, Southampton. Soros' estate not pictured.

Source: The New York Post

Read more: Meet The Fabulously Rich And Famous Residents Of Southampton

He's also a longtime Manhattan resident. He once owned 116 East 70th St., a lavish Upper East Side townhouse, with his ex-wife Susan Weber.

Source: Bloomberg Billionaires Index, Curbed

He now owns a duplex on Manhattan's Fifth Avenue with a view of the Central Park reservoir.

Source: Chicago Tribune

Soros also owns a residential compound in Katonah, New York.

Source: AP

A pipe bomb was sent to that home on October 23, 2018.
The gate to George Soros's residential compound in the New York City suburb of Katonah, NY.

Source: AP

The bomb was later detonated by authorities in a secluded area.
Debbie Wasserman Schultz, Hillary Clinton, George Soros, Barack Obama, Eric Holder, Maxine Waters, Andrew Cuomo and James Clapper.

Prominent Democrats including Congresswoman Debbie Wasserman Schultz, former Secretary of State Hillary Clinton, George Soros, former President Barack Obama, former Attorney General Eric Holder, Congresswoman Maxine Waters, and former US Director of National Intelligence James Clapper were also sent bombs. No one was hurt.

Source: The New York Times

Soros is often vilified by conservatives for his large contributions to liberal politicians in the United States, Hungary, Russia and elsewhere.

Source: The Chicago Tribune

He identifies as an agnostic Jew.

Source: Chicago Tribune

Much of the criticism of Soros by media and political figures is anti-Semitic.

Source: Al Jazeera

Soros was featured in ads sponsored by the far-right Hungarian government that accused him of colluding to bring Muslim immigrants into Hungary.

Hungarian Prime Minister Viktor Orbán campaigned on a promise to pass a "Stop Soros" bill aimed at silencing his critics, including Soros.

Source: AP, The Chicago Tribune

Closer to home, conspiracy theorists have accused Soros of attempting to start a civil war in the US and funding the violence at the 2017 "Unite the Right" protest in Charlottesville, Virginia.

Source: Al Jazeera

Soros is often accused of collaborating with Nazis during the Holocaust. Comedian Roseanne Barr repeated this conspiracy theory on Twitter in 2018 in one of a series of tweets that resulted in the cancellation of her ABC sitcom.

Source: Al Jazeera

In response, Soros said that such allegations "annoy me greatly." He also said that they are "a total fabrication."

Source: Chicago Tribune

"The bigger the danger, the bigger the threat, the more I feel engaged to confront it," Soros said.

Source: Chicago Tribune

The controversy around Soros isn't limited to conspiracy theories, however.

Soros is sometimes called "the man who broke the Bank of England," after he made $1 billion betting against the British pound as it crashed on "Black Wednesday" in 1992.

Source: Forbes

Soros has said that his opponents fuel him to fight for what he believes in: "I'm painfully aware that they are against the ideas that I stand for."

Source: The Chicago Tribune

The billionaire spends big on causes he believes in, including politics. He spent at least $25 million on voter mobilization efforts to help Clinton and other Democrats during the 2016 elections, one of his spokespeople told the Chicago Tribune.
Soros and Hilary Clinton speak with Dr. Guy Theodore in Haiti in 1998.

Source: The Chicago Tribune

Soros was surprised by Clinton's defeat. "Apparently, I was living in my own bubble," he told The Washington Post.

Source: The Chicago Tribune

Clinton lost because "she was too much like a schoolmarm," Soros said. "Talking down to people... instead of listening to them."
Hillary Clinton greets Anastasia Somoza at a 2016 event in Orlando.

Source: Chicago Tribune

Soros also unsuccessfully supported several candidates during the 2018 midterm elections, despite donating $17 million. Several district attorney candidates he supported in California lost to incumbents.

Source: The Chicago Tribune, The Guardian

Soros has also referred to ex-president Donald Trump as a "narcissist" who "considers himself all-powerful."
President Donald Trump

Source: Chicago Tribune

Soros said he and Trump had been friendly "decades" before Trump took office. The pair spent time together at the home of a mutual friend.

Source: Chicago Tribune

"I had no idea he had political ambitions, but I didn't like his behavior as a businessman," Soros is quoted as saying in a June 2018 Chicago Tribune article.

Source: Chicago Tribune

Soros has not always been liberal, however. He supported Republican candidates until the invasion of Iraq under President George W. Bush in 2003 turned him against the party.
An American soldier runs for cover during a military operation in Tal Afar, Iraq in September 2005.

Source: The Chicago Tribune

Soros doesn't just give money to politicians. He is the founder and chair of Open Society Foundations, a non-profit that disperses grants for education, human rights, criminal justice, and journalism projects.

Source: Open Society Foundations

Soros first became active in philanthropy in 1979, when he funded scholarships for black South Africans during apartheid.
George Soros

Source: GeorgeSoros.com

Soros has donated more than $32 billion of his own money to his foundation, according to his personal website.

Source: GeorgeSoros.com

Soros named the foundation after a book by Karl Popper, titled "Open Society and Its Enemies." In it, Popper writes how societies succeed only when they are democratic and protect human rights.
Philosopher Sir Karl Poper.

Source: GeorgeSoros.com

The foundation announced its decision to relocate from Budapest to Berlin in May 2019.

"The government of Hungary has denigrated and misrepresented our work and repressed civil society for the sake of political gain, using tactics unprecedented in the history of the European Union," Open Society Foundations' then-president Patrick Gaspard said in a statement.

Source: Al Jazeera

Central European University, a graduate school founded by Soros, also plans to relocate from Budapest to Vienna due to tensions with the Hungarian government.

Source: Central European University

"It makes it very difficult for me to speak effectively because it can be taken out of context and used against me," Soros said about the conspiracy theories, according to the Chicago Tribune.
Billionaire investor George Soros is awarded the Schumpeter Prize in Vienna

Source: Chicago Tribune

Russian President Vladimir Putin pushed Soros' foundation out of Russia in 2017, where it had funded numerous projects, including an anti-torture program.
Russian President Vladimir Putin meets his Chinese counterpart Xi Jinping in Moscow.

Source: Chicago Tribune

"He intervenes in things all over the world," Putin said of Soros in a 2018 television interview in Austria. "But the State Department will tell you that it has nothing to do with that, that this is the personal business of Mr. Soros."
Russian President Putin attends a televised phone-in show in Moscow

Source: Chicago Tribune, Bloomberg

Outside of his philanthropic work, Soros has also written 14 books on a variety of topics, including the European Union and the global financial crisis.
George Soros.

Source: GeorgeSoros.com

At his 80th birthday party, Soros told his 350 guests: "I am a philanthropist. Some maybe think I’m a philanderer. My philosophy is very simple. I like to make a lot of money, so I can give away a lot of money.”

Source: The New York Post

Elon Musk took aim at Soros in May 2023, writing on X that the Jewish billionaire reminded him of the X-Men villain Magneto, and that "Soros hates humanity."
Elon Musk.

Source: X

In the summer of 2023, George Soros handed control of his $25 billion philanthropy empire to his son, Alex Soros, making him the chairman of the Open Society Foundations.

Source: The Wall Street Journal

Read the original article on Business Insider







Оркестр полиции Республики Сербской впервые выступит на фестивале «Спасская башня» в Москве

Аукцион за часть дачи Пугачевой опровергли

Состоялось открытие фотовыставки «Особенная красота»

Рэпер Баста открыл свой ресторан в Marins Park Hotel Екатеринбург


Brit Who Fought Usyk Calls For Daniel Dubois To ‘Leave The Sport’ After Staying Down In Rematch

Adil Rami carga contra Lamine: "No puedo ni verlo, que le den..."

Las 'Guerreras del Agua' se dan un baño de bronce en el Mundial de Singapur

Why Juventus spent 111m this summer for only one new player


«Деловые Линии» сократили сроки авиаперевозок по более чем 4400 направлений по России

Невозможное возможно: две подопечные фонда «Жизнь в Движении» с ограниченными возможностями покорят вершину Эльбруса

В лобовом столкновении кроссовера и грузовика погибли два человека

Снижены цены на самый дорогой кроссовер Chery в России


Краткая биографическая справка о центральных персонажах Mafia: The Old Country

The dairy industry would like Gen Z to drink more milk, so they made a Fortnite diner tycoon game

'I destroyed months of your work in seconds' says AI coding tool after deleting a devs entire database during a code freeze: 'I panicked instead of thinking'

Brütal Legend is free in honor of Ozzy Osbourne, but only for 666 minutes



«Каникулы с Росгвардией» проходят в регионах Центральной России

В Третьяковке на Кадашевской набережной открылся концертный зал

В Москве завершился сбор с руководителями финансово-экономических подразделений Центрального округа Росгвардии

Оркестр полиции Республики Сербской впервые выступит на фестивале «Спасская башня» в Москве


Работа над качеством: цифровой аудитор внедрен на горячей линии московских судов

ДельтаЛизинг продолжает раскрывать секреты успеха российских предпринимателей

Адвокат Грачева заявила, что Седокову хотят привлечь к уголовной ответственности

Игровые терминалы в ТЦ: союз ради будущего


Врач Щетинина: натуральные соки могут навредить здоровью пожилых

После ареста иномарки в Подмосковье должник погасил задолженность по алиментным платежам

В Самарской области за полгода открыто 410 вакансий для сисадминов, что на 22% меньше, чем годом ранее

Ошибка Баку: На "красивый кавказский обычай" нашлась русская пословица


Россиянин Сидоренко выиграл золото Универсиады в настольном теннисе

Соболенко сохраняет первое место в чемпионской гонке WTA.

Медведев обыграл У Ибина и вышел в 1/4 финала турнира в Вашингтоне

Алькарас рассказал, считает ли Синнера своим другом после поражения в финале Уимблдона


Врач Галлямова: сухие шампуни могут навредить коже головы

Ошибка Баку: На "красивый кавказский обычай" нашлась русская пословица

Пенсионерам с 26 июля поступит на счет разовая выплата с четырьмя нулями

Движeниe нa Зaпοpοжьe: pοccийcκиe вοйcκa ɜaшли в Ϲтeпнοгοpcκ


Музыкальные новости

VK Fest Санкт-Петербург: Детская сцена от PICCOLO и Radio Kids FM вновь покорила сердца юных зрителей!

Певец Стас Пьеха признался, что задумался о прожитой жизни из-за ухода Осборна

Скандальный Сергей Шнуров неожиданно снял стильный путеводитель по Костроме

Даже Пугачева оценила: Олег Меньшиков показал, как отдыхает в Италии


Оркестр полиции Республики Сербской впервые выступит на фестивале «Спасская башня» в Москве

Оркестр полиции Республики Сербской впервые выступит на фестивале «Спасская башня» в Москве

В Третьяковке на Кадашевской набережной открылся концертный зал

В Москве завершился сбор с руководителями финансово-экономических подразделений Центрального округа Росгвардии


Михаил Ефремов разъехался с женой на фоне новостей о разводе

«Каникулы с Росгвардией» проходят в регионах Центральной России

Невозможное возможно: две подопечные фонда «Жизнь в Движении» с ограниченными возможностями покорят вершину Эльбруса

В Москве завершился сбор с руководителями финансово-экономических подразделений Центрального округа Росгвардии


Водитель Audi сбил трех пешеходов, переходивших дорогу на западе Москвы

На МКАД в Москве произошло массовое ДТП, движение затруднено

В столичном главке Росгвардии проведён смотр спецтехники

В Москве росгвардейцы оказали помощь пострадавшей в ДТП мотоциклистке (видео)


В сентябре Путину будет представлена обновленная программа строительства кораблей для ВМФ.

Соболезнования в связи с авиакатастрофой в Амурской области выразили зарубежные лидеры

Путин дал указание рассмотреть проблемы онкологии в Архангельской области.

"Ультиматум Трампа: потенциальные последствия для Путина"


Депздрав Москвы оценил ситуацию с распространением нового штамма коронавируса

Новый штамм коронавируса "стратус" фиксируют в Москве с мая

Обнаружен новый штамм коронавируса: он очень заразный и забирает голос

Депздрав: новый штамм коронавируса «стратус» фиксируют в Москве с мая



Пластический хирург Софья Абдулаева: подтяжка груди нитями - эффективно ли это

Путин дал указание рассмотреть проблемы онкологии в Архангельской области.

Депздрав Москвы: новый штамм коронавируса "стратус" фиксируют в Москве с мая

Фитнес-марафоны на паузе: суд продлил домашний арест блогеру Лерчек


Британский журналист: Зеленский - мелкий жулик и крыса, которому «недолго осталось» в этом мире


Пять земельных участков для размещения НКО доступны на городских торгах

"Монсон о спортсменах, которые меняют гражданство в сложный период для России"

«Каникулы с Росгвардией» проходят в регионах Центральной России

Игровые терминалы в ТЦ: союз ради будущего


Лукашенко заявил, что в Белоруссии «на всякий случай» готовятся к войне

Лукашенко с иронией отнесся к санкциям, запрещающим ему въезд в Эстонию

Лукашенко поделился мнением о самой идеальной профессии.

Лукашенко посоветовал не злить его и не допускать падежа в животноводстве


Собянин: Около 10 тыс. москвичей начали переселение по реновации этим летом

Мэр Москвы: Улучшим транспортную доступность Южного и Северного Бутова

Сергей Собянин поздравил москвича — победителя международной олимпиады по физике

Сергей Собянин осмотрел Дом-музей Федора Конюхова


6 лет вместе. В Москве пройдет выставка, посвященная пандам Жуи и Диндин

Детеныш краснокнижной боливийской обезьяны появился на свет в Московском зоопарке

Исследование выявило снижение инвестиций в экологически чистую энергетику США.

В центре внимания: CorpSoft24 вошел в рейтинг крупнейших ИТ-компаний России


После ареста иномарки в Подмосковье должник погасил задолженность по алиментным платежам

Ветеринары напомнили жителям Подмосковья о необходимости вакцинации питомцев

В Самарской области за полгода открыто 410 вакансий для сисадминов, что на 22% меньше, чем годом ранее

Движeниe нa Зaпοpοжьe: pοccийcκиe вοйcκa ɜaшли в Ϲтeпнοгοpcκ


Настольный термотрансферный принтер штрих-кодов iDPRT iE4P

В Нарьян-Маре из-за холодов возобновили подачу отопления в дома

Путин дал указание рассмотреть проблемы онкологии в Архангельской области.

В Архангельске началось обучение бойцов СВО, сообщил Цыбульский.


В Симферополе на базе «Клинического госпиталя для ветеранов войн» функционирует гериатрический центр для пожилых людей с возрастными нарушениями

"Россия дала мне возможность быть счастливым": Джефф Монсон в Крыму

Лавандовое поле горит в Симферопольском районе Крыма

Прогноз погоды в Крыму на 25 июля


Пенсионерам с 26 июля поступит на счет разовая выплата с четырьмя нулями

Пир на Волге и новый штамм ковида: главные новости Ярославля за 24 июля

Ошибка Баку: На "красивый кавказский обычай" нашлась русская пословица

Врач Щетинина: натуральные соки могут навредить здоровью пожилых














СМИ24.net — правдивые новости, непрерывно 24/7 на русском языке с ежеминутным обновлением *