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Andrea Soros is an American financial expert and businesswoman. She is famous for being the daughter of billionaire George Soros.
Surname
Andrea Soro
birthday
June 11, 1965
Age
55 years old
gender
Feminine
Height
N / A
nationality
American
ethnicity
Hungarian
profession
fund manager
parents
George Soros and Annaliese Witschak
siblings
4: Jonathan, Alexander, Robert and Gregory Soros
net worth
Under review
Married single
Married
Husband
Eric Columbel
education
University of New York
Andrea was born and raised in New York City, America. She grew up with her four brothers. As the daughter of a billionaire, she had everything she wanted. She was also her family’s favorite child.
She talks about her career and is the founder of the Open Society Foundation. The cooperative was once criticized worldwe. Andrea was also sued for failing to pay real estate bills. The company shut down after pledging $130 million.
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As the story progresses, her private life becomes much more secretive. She is married to a philanthropist. However, the couple’s love life and personal details are not shared.
10 Facts About Andrea Soros
Andrea Soros (born June 11, 1965) is an American fund manager. She currently works at the Trace Foundation. Andrea and her husband founded the organization in the early 1990s. She is 55 years old. Also, her zodiac sign is Gemini. She is about 5 feet and a few inches tall. However, the exact dimensions are not on board. Her net worth for the current year 2020 is estimated to be around $4 million. She comes from a billionaire family. Her father George Soros worth around $8.3 billion. Her parents are called George Soros and Annaliese Witschak. She completed her undergraduate studies at a high school. She also went to the University of New York for her further studies. She is currently married to Eric Colombel. The couple have a self-founded organization called the Trace Foundation. She doesn’t seem to have a child yet. However, she is also quite secretive about her family. After all, she currently has no social media accounts.
Who is Andrea Soros husband?
How much is George Soros worth?
Does George Soros own Costco?
The first Costco Wholesale trade was made in Q2 2000. Since then George Soros bought shares six more times and sold shares on three occasions. The investor sold all their shares in Q1 2013 and doesn’t own any shares in Costco Wholesale anymore.
Where did George Soros get his money?
Soros began his business career by taking various jobs at merchant banks in the United Kingdom and then the United States, before starting his first hedge fund, Double Eagle, in 1969. Profits from his first fund furnished the seed money to start Soros Fund Management, his second hedge fund, in 1970.
Does George Soros own NetFlix?
George Soros NetFlix Inc
The first NetFlix trade was made in Q2 2010. Since then George Soros bought shares fourteen more times and sold shares on twenty occasions. The investor sold all their shares in Q2 2019 and doesn’t own any shares in NetFlix anymore.
Does George Soros own CVS?
WASHINGTON, Feb 14 (Reuters) – Billionaire investor George Soros said on Wednesday he bought 2.1 million shares of CVS Corp CVS.
How much gold does George Soros own?
Therefore, it was no surprise when investors around the world took notice this week, after financial disclosure forms revealed that Soros recently acquired a $264 million stake in the world’s largest gold producer Barrick Gold, along with $123 million of the SPDR Gold Trust.
Billionaire George Soros says the $10 billion a year proposed by rich nations to help the poor adapt
Images related to the topicBillionaire George Soros says the $10 billion a year proposed by rich nations to help the poor adapt
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Andrea Soros Net Worth – How Rich is Billionaire George …
Andrea Soros is an American Financer and businesswoman. She is famous as the daughter of billionaire George Soros. Name, Andrea Soros. Birthday, June 11, 1965.
Source: 44bars.com
Date Published: 6/13/2022
View: 8865
Andrea Soros Net Worth, Wiki, Bio, George Soros’s Daughter …
Andrea Soros is a well known American financier and professional business woman. She is most popular for daughter of the billionaire George Soros. Andrea.
Source: www.650.org
Date Published: 9/15/2021
View: 6468
Who is Andrea Soros Colombel? Wiki, Net Worth, Biography …
Andrea Soros Colombel is George Soros’ daughter. Right-wing punching bag George Soros, a Hungarian billionaire, and liberal megadonor have been the go-to …
Source: www.walikali.com
Date Published: 9/7/2021
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George Soros – Wikipedia
At its founding, Quantum Fund had $12 million in assets under management, and as of 2011 it had $25 billion, the majority of Soros’s overall net worth.
Source: en.wikipedia.org
Date Published: 1/24/2022
View: 8563
Who is Andrea Soros Colombel Wiki, Net Worth, Biography, Age, Husband
Andrea Soros Colombel is the son of George Soros. Right-wing punching bag George Soros, a Hungarian billionaire, and liberal megadonor has long been targeted. Although many conspiracy theories surround him and his socioeconomic initiatives, nothing is known about his children.
However, as the controversial Hungarian-born Jewish financier approaches his 90th birthday, his five children-sons Alexander, Jonathan, Robert, Gregory, and son Andrea-appear to be carving out their own identities as they leave under the long shadow of their father. .
Who is Andrea Soros Colombel?
Andrea Soros is Soros’ only daughter. He completed his primary education before continuing his studies at New York University. He went on to earn a B.A. in literature from the University of Chicago and a certificate from the Bard Center for Environmental Policy.
She is currently married to Eric Colombel, with whom she formed the Trace Foundation, which advocates for social justice and human rights. Andrea, who currently works as a fund manager, is one of the founders of the Open Society Foundation.
Eric Colombel is her husband, and they both formed the Trace Foundation, which focuses on social justice and human rights. Andrea Soros Colombel aims to create a just, sustainable, and compassionate society. He is a member of the Open Society Foundations ’Global and U.S. Boards.
Colombel also serves on the board of Acumen, a charity that invests in individuals and businesses that use entrepreneurship and moral imagination to fight poverty. In addition, he supports various initiatives to tackle climate change and reorganize capitalism and democracy to work better for all.
Colombel formed the Trace Foundation, which promotes the sustainability, growth, and vitality of Tibetan communities, focused on those in China, and has been involved with it for over 20 years. The Tsadra Foundation, which develops wisdom and compassion through the collaborative study and practice of Tibetan Buddhist traditions in the West, has her co-founder and administrator. He is also a board member of the French American School of New York and a consultant for Scenic Hudson and the Bard MBA program.
Who is Andrea Soros Colombel?
Andrea Soros Colombel was born on June 11, 1965, and in the USA, she is 56 years old. He was the son of George Soros and Annaliese Witschak.
Who is Andrea Soros Colombel Husband?
Andrea Soros Colombel is married to Eric Colombel. The Trace Foundation, dedicated to social justice and human rights, was formed by the two.
How rich is Andrea Soros Colombel?
Andrea Soros Colombel’s estimated Net Worth is between $ 3 Million to $ 6 Million USD.
(Photo Source: OSF, Influence Watch, CelebFamily)
George Soros
Hungarian-American investor and philanthropist (born 1930)
“Soros” redirects here. For other uses, see Soros (disambiguation)
George Soros [a] (born György Schwartz, August 12, 1930) [1] [2] was an American -born Hungarian [b] businessman and philanthropist. [8] [9] In March 2021, he had a net worth of US $ 8.6 billion, [10] [11] donating more than $ 32 billion to the Open Society Foundations, [12] of which $ 15 billion had already been shared, representing 64% of his original destiny. Forbes called him the “most generous giver” (in terms of percentage of net worth). [13]
Born in Budapest to an unobtrusive Jewish family, Soros survived the Nazi occupation of Hungary and moved to the United Kingdom in 1947. He studied at the London School of Economics and was awarded a BSc in philosophy in 1951, then a Master of Science degree, as well as in philosophy, in 1954. [4] [14] [15]
Soros began his business career by taking various jobs at merchant banks in the United Kingdom and then in the United States, before starting his first hedge fund, Double Eagle, in 1969. The earnings from his first fund provided seed money to start Soros Fund Management, his second hedge fund, in 1970. Double Eagle was renamed the Quantum Fund and the parent company that Soros advised. At its inception, the Quantum Fund had $ 12 million in assets under management, and in 2011 it had $ 25 billion, most of Soros’ total net worth. [16]
Soros is known as “The Man Who Broke the Bank of England” for his short sale of US $ 10 billion worth of pounds sterling, which earned him $ 1 billion during the 1992 Black Wednesday UK currency crisis. [17] Based on his early studies of philosophy, Soros developed the General Theory of Reflexivity for capital markets, which he says provides a clear picture of the asset bubble and fundamental/market value of securities, as well as differences in value used for shorting and swapping stocks. [18]
Soros is a supporter of progressive and liberal political goals, for which he makes donations through his foundation, the Open Society Foundations. [19] Between 1979 and 2011, he donated more than $ 11 billion to various philanthropic causes; [20] [21] in 2017, his donations “to civil initiatives to reduce poverty and increase transparency, and in scholarships and universities around the world “reached $ 12 billion. [22] He influenced the collapse of communism in Eastern Europe in the late 1980s and early 1990s, [23] and provided one of largest endowment of higher education in Europe at the Central European University in its Hungarian hometown. [24]
His extensive funding for political purposes made him a “bugaboo of European nationalists”. [25] The New York Times reported in October 2018 that “conspiracy theories about him have become mainstream, in almost every corner of the Republican Party”. [26] Many American conservatives have promoted false statements identifying Soros as a uniquely dangerous “puppet master” behind many alleged global schemes. [26] [27] [28] [29] Conspiracy theories targeting Soros, who is of Jewish descent, have often been described as antisemitic. [30] [31] [32]
Early life and education
Soros was born in Budapest in the Kingdom of Hungary into a thriving disobedient Jewish family, who, like many upper-middle class Hungarians at the time, were uncomfortable with their background. Soros described his home as an anti -Semitic Jewish home. [33] Her mother Erzsébet (also known as Elizabeth) came from a family that owned a thriving silk shop. His father Tivadar (also known as Teodoro Ŝvarc) was a lawyer [34] and a well-known Esperanto-speaker who edited the Esperanto literary magazine Literatura Mondo and raised his son to speak the language. [35] Tivadar also served as a prisoner of war during and after the First World War until he fled Russia and rejoined his family in Budapest. [36] [37] The two married in 1924.In 1936, the Soros family changed their name from the German-Jewish “Schwartz” to “Soros”, as a protective disguise in increasingly anti-Semitic Hungary. [38] [39] Tivadar liked the new name because it was a palindrome and because of its meaning. In Hungarian, soros means “next in line,” or “designated successor”; in Esperanto it means “to soar”. [40] [41] [42]
Soros was 13 years old in March 1944 when Nazi Germany occupied Hungary. [43] The Nazis banned Jewish children from attending school, and Soros and the other students were made to report to the Judenrat (“Jewish Council”), which was established during the occupation. Soros later described this time to writer Michael Lewis: “The Council of the Jews asked the little children to give the exile notices. I was told to go to the Council of the Jews. And there it was given to me. these little pieces of paper … I brought this paper to my father. He immediately recognized it. It was a list of Hungarian Jewish lawyers. He said, ‘You will deliver the pieces of paper and tell people who if they report they will be exiled. ‘ I’m not sure to what extent he found out they could be gassed. I did what my father said. “[44] [45]
Soros did not return to that job; his family survived the war by buying documents to say they were Christians. Later that year at the age of 14, Soros pretended to be the Christian godson of an official of the Collaborationist Hungarian government’s Ministry of Agriculture, with a hidden Jewish wife. On one occasion, instead of leaving the 14-year-old alone, the officer accompanied Soros while completing an inventory of the confiscated property of a Jewish family. Tivadar saved not only his immediate family but also many other Hungarian Jews, and Soros later wrote that 1944 was “the happiest [year] of his life,” because it gave him opportunity to witness his father’s heroism. [46] [46] 47] In 1945, Soros survived the Siege of Budapest, during which Soviet and German forces fought from house to house through the city. George and his mother also spent some time hiding with Elza Brandeisz’s family and even attended their Lutheran church with them. [48]
In 1947, Soros moved to England and became a student at the London School of Economics. [49] While a student of the philosopher Karl Popper, Soros worked as a train porter and as a waiter, and once received £ 40 from a Quaker charity. [50] Soros once stood in the Speakers’ Corner teaching about the virtues of internationalism in Esperanto, which he learned from his father. [51]
From the London School of Economics, Soros graduated with a Bachelor of Science in philosophy in 1951, and a Master of Science in philosophy in 1954. [4]
Investment career
Early business experience
In a discussion at the Los Angeles World Affairs Council in 2006, Alvin Shuster, former foreign editor of the Los Angeles Times, asked Soros, “How does someone go from an immigrant to a financier? … When did you find out? that you know how to earn? ” Soros replied, “Well, I had different jobs and I ended up selling fancy goods at the seaside, souvenir shops, and I thought, that’s not really what I cut to do. So, I wrote to each. managing director at every merchant bank in London, only got one or two responses, and eventually that’s how I got a job at a merchant bank. “[52]
Singer and Friedlander
In 1954, Soros began his financial career at London’s merchant bank Singer & Friedlander. He worked as a clerk and later moved to the arbitrage department. A fellow employee, Robert Mayer, suggested that he apply to his father’s brokerage house, F.M. Mayer of New York. [53]
F. M. Mayer
In 1956, Soros moved to New York City, where he worked as an arbitrage trader for F. M. Mayer (1956–59). He specializes in European stocks, which have become popular with U.S. institutional investors. following the formation of the Coal and Steel Community, which later became the Common Market. [54]
Wertheim and Co.
In 1959, after three years at F. M. Mayer, Soros moved to Wertheim & Co.He planned to stay for five years, enough time to save $ 500,000, after which he intended to return to England to study philosophy. [55] He worked as a European securities analyst until 1963.
During this time, Soros developed the theory of reflexivity to extend the ideas of his educator at the London School of Economics, Karl Popper. Reflexivity assumes that market values are often driven by the misconceptions of participants, not just the economic fundamentals of the situation. Ideas and events influence each other in reflexive feedback loops. Soros argued that this process leads to markets with a procyclical “virtuous” or “vicious” cycle of boom and bust, in contrast to the equilibrium predictions of more common neoclassical economics. [56] [57]
Arnhold and S. Bleichroeder
From 1963 to 1973, Soros ’experience as a vice president with Arnhold and S. Bleichroeder produced little enthusiasm for the work; business weakened following the introduction of the Interest Equalization Tax, which weakened the viability of Soros ’European trading. He spent the years from 1963 to 1966 with his main focus on the revision of his dissertation in philosophy. In 1966 he started a fund with $ 100,000 of company money to experiment with his trading strategies.
In 1969, Soros set up the Double Eagle hedge fund with $ 4m of investor capital plus $ 250,000 of his own money. [58] It is based in Curaçao, Dutch Antilles. [59] Double Eagle itself was a branch of Arnhold and S. Bleichroeder’s First Eagle fund founded by Soros and the chairman of that company Henry H. Arnhold in 1967. [60] [61] In 1973, the Double Eagle Fund had $ 12 million and became the basis of the Soros Fund. George Soros and Jim Rogers received returns on their share of capital and 20 percent of revenues per year. [54]
Soros Fund Management
In 1970, Soros founded Soros Fund Management and became its chairman. Among those who held senior positions there at various times were Jim Rogers, Stanley Druckenmiller, Mark Schwartz, Keith Anderson, and Soros’s two sons. [62] [63] [64]
In 1973, due to alleged conflicts of interest limiting his ability to operate the two funds, Soros resigned from managing the Double Eagle Fund. He then founded the Soros Fund and gave investors in the Double Eagle Fund the option to move there or stay with Arnhold and S. Bleichroeder.
Later, it was renamed the Quantum Fund, after the physical theory of quantum mechanics. By that time the value of the fund had grown to $ 12m, only a small portion of which was Soros ’own money. He and Jim Rogers reinvested their earnings from the fund, as well as a large portion of their 20% performance fees, and thus expanded their stake. [53]
In 1981, the fund grew to $ 400m, and then a 22% loss that year and the large redemption of some of the investors lowered it to $ 200m. [65]
In July 2011, Soros announced that he had returned funds from the money of outside investors (worth $ 1 billion) and instead invested funds from his $ 24.5 billion family fortune, due to changes to U.S. disclosure rules Securities and Exchange Commission, which he thinks will be compromised. his duties of confidentiality to his investors. The fund at that time averaged more than 20% per year compound returns. [66]
In 2013, the Quantum Fund made $ 5.5 billion, making it once again the most successful hedge fund in history. Since its inception in 1973, the fund has generated $ 40 billion. [67]
The fund announced in 2015 that it would inject $ 300 million to help fund the expansion of Fen Hotels, a hotel company in Argentina. The funds will build 5,000 rooms over the next three years in various countries in Latin America. [68]
Economic crisis in the 1990s and 2000s
George Soros at a session on the redesign of the international financial system at the World Economic Forum Annual Meeting 2011.
Soros was building a large short position in pounds sterling in the months before Black Wednesday of September 1992.Soros acknowledged the United Kingdom’s poor position on the European Exchange Rate Mechanism. For Soros, the rate at which the United Kingdom was brought into the European Exchange Rate Mechanism was too high, their inflation was too high (triple the German rate), and British interest rates were detrimental to their prices. asset. [69]
By September 16, 1992, the day of Black Wednesday, Soros’s fund had sold short of more than $ 10 billion in pounds, [62] profiting from the UK government’s reluctance to raise interest rates. its at levels comparable to other European Exchange Rate Mechanism countries or float its currency.
Finally, the UK withdrew from the European Exchange Rate Mechanism, lowering the value of the pound. Soros’ stake income is estimated at more than $ 1 billion. [70] He has been called “the man who broke the Bank of England”. [71] The estimated value of Black Wednesday in the UK Treasury is £ 3.4 billion. [72] Stanley Druckenmiller, who traded under Soros, originally saw the weakness in the pound and said: “[Soros’s] contribution pushed him to take a massive position.” [73] [74]
On October 26, 1992, The New York Times quoted Soros as saying: “Our total position on Black Wednesday must be worth nearly $ 10 billion. We plan to sell more of that. In fact, when Norman Lamont said before the devaluation that he borrowed nearly $ 15 billion to defend sterling, we were glad because that was about how much we wanted to sell. ”
Soros is believed to have traded billions of Finnish markkas on February 5, 1996, in hopes of selling them short. The markka was placed floating as a result of the early 1990s depression. The Bank of Finland and the Finnish Government commented at the time that they believed a “conspiracy” was impossible. [75]
In 1997, during the Asian financial crisis, Malaysian prime minister Mahathir Mohamad accused Soros of using the wealth under his control to punish the Association of Southeast Asian Nations (ASEAN) for accepting Myanmar as member. In the history of antisemitic speeches, Mahathir made particular reference to Soros ’Jewish origins (“ It was a Jew who triggered the collapse of money ”) [76] and indicated that Soros orchestrated the crash as part of a larger Jewish conspiracy. Nine years later, in 2006, Mahathir met with Soros and then said he accepted that Soros was not responsible for the crisis. [77] In The Crisis of Global Capitalism: Open Society Endangered in 1998, Soros explained his role in the crisis as follows:
The financial crisis that erupted in Thailand in 1997 was particularly troubling because of its scope and severity … At the beginning of 1997, it was clear to Soros Fund Management that the distinction between the trade account and the capital account was becoming unsustainable . We sold short Thai baht and Malaysian ringgit in early 1997 with maturities ranging from six months to a year. (That is, we entered into contracts to deliver at future dates the Thai baht and Malaysian ringgit that we do not currently hold.) Subsequently, Malaysia’s Prime Minister Mahathir accused me of causing the crisis, an absolute no basis accusation. We did not sell money during or months before the crisis; on the contrary, we are consumers when currencies start to go down — we buy ringgits to realize the profits of our previous conjecture. (Much too soon, as it turned out. We left most of the potential gains on the table because we feared that Mahathir would impose controls on capital. He did so, but eventually.) [78]
In 1999, economist Paul Krugman was critical of Soros ’impact on financial markets.
Anyone who has read a business magazine in recent years may not know that these days there are actually investors who are not only circulating money in anticipation of the money crisis, but are actually doing their best to be able to. trigger that crisis for pleasure and income. . These new actors on the scene don’t have a common name yet; my suggested term is “Soroi”. [79]In an interview about the recession in the late 2000s, Soros described it as the worst crisis since the 1930s. According to Soros, market fundamentalism with the assumption that markets will correct themselves without requiring government intervention in financial matters is “a kind of ideological excess.” In Soros’s view, the mood of the markets — a “mood” of the markets that is a dominant bias or optimism/pessimism in which markets view reality— “can really strengthen themselves to have them in the first place. self -reinforcing but eventually unsustainable and self -defeating boom/bust sequences or bubbles. “[80]
In reaction to the recession in the late 2000s, he founded the Institute for New Economic Thinking in October 2009. It is a think tank composed of international economic, business, and financial experts, tasked with investigating radicals. that new approach to organizing the international economy. and financial system.
Société Générale insider trade
In 1988, Soros contacted a French financier named Georges Pébereau, who asked him to participate in an effort to bring together a group of investors to buy a large number of shares in Société Générale, a leading bank in France. part of a privatization program. (something established by the new government under Jacques Chirac). [81] Soros later decided not to participate in the group’s effort, choosing to personally advance his strategy of accumulating shares in four French companies: Société Générale, as well as Suez, Paribas, and the Compagnie Générale d ‘Electricity.
In 1989, the Commission des Operations de Bourse (COB, the French stock exchange regulatory authority) conducted an investigation into whether Soros ’transaction with Société Générale should be considered insider trading. Soros has received no information from Société Générale and no insider knowledge of the business, but he has knowledge that a group of investors is planning an acquisition attempt. Preliminary investigations found Soros innocent, and no charges were filed. [82] However, the case was reopened a few years later, and the French Supreme Court confirmed the ruling on June 14, 2006, [83] although it reduced the penalty to € 940,000. [83]
Soros denied any wrongdoing, saying the news of the acquisition was public knowledge [84] and it was documented that his intent to acquire shares of the company preceded his own awareness of the acquisition. [83] In December 2006, he appealed to the European Court of Human Rights for a variety of reasons, including a 14 -year delay in bringing the case to trial that prevented a fair hearing. [85] On the basis of Article 7 of the European Convention on Human Rights, which states that no person may be punished for an act that is not a criminal offense at the time it is committed, the court agreed to hear the appeal. [81] In October 2011, the court rejected his appeal in a 4–3 decision, stating that Soros was aware of the risk of violating insider trading laws. [86] Political involvement.
Until the 2004 presidential election, Soros was not a major donor to U.S. political campaigns. According to OpenSecrets, during the 2003–2004 election cycle, Soros donated $ 23,581,000 to various 527 Groups (tax-exempt groups under the United States tax code, 26 U.S.C. § 527). The groups aimed to defeat President George W. Bush. After Bush’s re -election, Soros and other donors supported a new political fundraising group called the Democracy Alliance, which supported progressive goals and building a stronger progressive infrastructure in America. [ 87]
In August 2009, Soros donated $ 35 million to the state of New York to set aside for poor children and give to parents with benefit cards at a cost of $ 200 per child ages 3 to 17, with no limit on number of children qualified. An additional $ 140 million was placed in New York state funds from money they received from the 2009 federal recovery act. [50]
Soros is an initial donor to the Center for American Progress, and he continues to support the organization through Open Society Foundations.In October 2011, a Reuters story, “Soros: Not a funder of Wall Street Protests,” was published after some commentators pointed out mistakes in an earlier Reuters story with the headline “Who’s Behind the Wall St. Protests? ” with a lead stating that the Occupy Wall Street movement “may not have directly benefited from the trend of one of the richest people in the world [Soros].” The Reuters follow-up article also reported a Soros spokesman and Adbusters ’co-founder Kalle Lasn both saying that Adbusters — the recognized catalyst for the first Occupy Wall Street protest — never received of any contribution from Soros, contrary to an earlier Reuters story that reported that “indirect financial links” existed between the two in late 2010. [88] [89]
On September 27, 2012, Soros announced that he had donated $ 1 million to the super PAC supporting President Barack Obama’s re-election to Priorities USA Action. [90] In October 2013, Soros donated $ 25,000 to Ready for Hillary, who became co-chairman of the super PAC’s national finance committee. [91] In June 2015, he donated $ 1 million to Super PAC Priorities USA Action, which supported Hillary Clinton in the 2016 presidential race. He donated $ 6 million to the PAC in December 2015 and $ 2.5 million in August 2016. [92] Soros launched a new super PAC called the Democracy PAC for the 2020 election cycle. In July 2019, he donated $ 5.1 million to it. [93]
Since 2016, Soros has donated amounts in excess of $ 1 million to the campaigns of progressive criminal justice reform advocates through the Safety and Justice PAC in local district attorney elections. In many districts, such large contributions have not yet occurred and the campaign strategy is “turned on its head” with a focus on incarceration, police misconduct and the bail system, according to the Los Angeles Times. [94] [95] Larry Krasner was elected as the Philadelphia District Attorney with the help of a $ 1.5 million Soros -funded ad campaign in 2017. [96] Soros was the largest donor supporting George Gascón’s campaign for Los Angeles County District Attorney in 2020, contributing $ 2.25 million to superPACs in favor of Gascón. [97] Soros donated $ 2 million to a PAC that supported Kim Foxx’s campaign for Cook County State’s Attorney in 2020. [98]
In the second quarter of 2020, Soros donated at least $ 500,000 to presumed Democratic presidential nominee Joe Biden, who became one of the campaign’s largest donors. [99]
Central and Eastern Europe
According to Waldemar A. Nielsen, an American philanthropic authority, [100] “[Soros] undertook … nothing less than to open the formerly closed communist societies of Eastern Europe to a free flow of ideas and scientific knowledge from the outside world. “[101] From 1979, as an advocate of ‘open societies’, Soros financially supported dissidents including the Polish Solidarity movement, Charter 77 in Czechoslovakia and Andrei Sakharov in the Soviet Union. Union. [102] In 1984, he founded his first Open Society Institute in Hungary with a budget of $ 3 million. [103]
Since the collapse of the Soviet Union, Soros ’funding has played an important role in newly independent countries. A 2017 study found that a George Soros grant program that provided funding to more than 28,000 scientists in former Soviet republics shortly after the end of the Soviet Union “more than doubled margin publications, which significantly motivated scientists to stay in the science sector, and had long-term [beneficial] effects. ”[104] His funding of pro-democratic programs in Georgia was considered important by Georgian nationalists. on the success of the Rose Revolution, although Soros said his role was “greatly exaggerated.” [105] Alexander Lomaia, secretary of the Georgian Security Council and former Minister of Education and Science, was a former executive director of the Open Society Georgia Foundation ( Soros Foundation), which oversees a staff of 50 and a budget of $ 2.5 million. [106]Former Georgian foreign minister Salomé Zourabichvili wrote that institutions like the Soros Foundation are the cradle of democratization and all the NGOs that revolve around the Soros Foundation have undeniably brought about the revolution. He assumed that after the revolution the Soros Foundation and NGOs were brought to power. [107]
Some initiatives for democracy supported by Soros have been banned in Kazakhstan and Turkmenistan. [108] Ercis Kurtulus, head of the Social Transparency Movement Association (TSHD) in Turkey, said in an interview in 2006 that “Soros carried out his will in Ukraine and Georgia through the use of these NGOs … Last year Russia has passed a special law prohibiting NGOs from taking money from foreigners. I think it should also be banned in Turkey. “[109] In 1997, Soros closed his foundation in Belarus after it was fined $ 3 million by the government for “tax and money violations.” According to The New York Times 1997, Belarusian president Alexander Lukashenko has been widely criticized in the West and in Russia for his efforts to control the Belarus Soros Foundation and other independent NGOs and to suppress civil rights and human. Soros called the fines part of a campaign to “destroy free society.” [110]
In June 2009, Soros donated $ 100 million to Central Europe and Eastern Europe to combat the impact of the economic crisis on the poor, voluntary groups and non-governmental organizations. [111]
Since 2012, the Hungarian Fidesz government has branded George Soros as an enemy of the state, because of his humanitarian and political involvement in the refugee crisis in Europe. The government attacked OSF, the international civil support foundation created by George Soros, and tried to revoke the license of Central European University (Budapest) (which mostly failed due to public outrage). [112] In response, Soros called the government “a mafia state”. [113]
At the start of the 2018 election season, the government introduced public posters with a picture of Soros [114] to create general public hatred of him, using statements such as “Soros wants millions to live migrants to Hungary ”, and“ Soros wants to dismantle the border fence ”. The government also prepared a three -part legislative plan called the “Stop Soros package” (which followed various other changes in the law [115] in the same year, which hindered the work of some international NGOs in Hungary) , which will include various measures against NGOs. doing voluntary work related to the refugee crisis.
Anti George Soros sentiment graffiti in Resen, Macedonia (2018). It says: #Stop Soros #I will profit
In March 2017, six U.S. senators sent a letter to then secretary of state Rex Tillerson [116] requesting that he look into some grants provided by the State Department and the U.S. Agency for International Development (USAID). in groups funded by the “left wing.” Soros. In the same context, the conservative group Judicial Watch has filed a Freedom of Information Act (FOIA) lawsuit against the U.S. Department of State and USAID urging them to release records about the $ 5 million transferred from USAID to the Soros Open Society branch in Macedonia. The lawsuit alleges that the money was deliberately used to undermine the stability of the Macedonian government. [117] The Open Society Foundation says its activities in Macedonia have aimed at ethnic reconciliation with the Albanian minority and other forms of assistance since the fall of Yugoslavia. [118]
In January 2017, the “Stop Operation Soros” (SOS) initiative was launched in Macedonia. SOS seeks to present “questions and answers about the way Soros operates around the world” and invites citizens to contribute to the research. At a press conference held the same month, Nenad Mircevski, one of the founders of the initiative, said the SOS would work towards the “de-Soros-ization” of Macedonia. [119]
On May 16, 2018, the Open Society Foundations of Soros announced that they would move its office from Budapest to Berlin, blaming the move to an “increasingly repressive” environment in Hungary. [120] [121] [122]
Africa
The Open Society Initiative for Southern Africa is an organization affiliated with Soros. [123]Diplomacy
In November 2005, Soros said: “My personal opinion is that there is no alternative but to give Kosovo independence.” [124] Soros helped fund the non-profit group Independent Diplomat, founded by former British diplomat Carne Ross. [125]
Drug policy reform
Soros funded efforts around the world to advance drug policy reform. In 2008, Soros donated $ 400,000 to help fund a successful Massachusetts ballot measure known as the Massachusetts Sensible Marijuana Policy Initiative that decriminalized possession of less than 1 oz (28 g) of marijuana in state. Soros also funded similar measures in California, Alaska, Oregon, Washington, Colorado, Nevada and Maine. [126] Among the drug decriminalization groups that have received funding from Soros are the Lindesmith Center and Drug Policy Foundation. [127] Soros donated $ 1.4 million to publicity efforts to support California’s Proposition 5 in 2008, a failed ballot measure that would expand drug rehabilitation programs as prison alternatives for people convicted of nonviolence. drug -related offenses. [128]
In October 2010, Soros donated $ 1 million to support California’s Proposition 19. [129]
According to statements in an October 2009 interview, Soros is of the opinion that marijuana is less addictive [compared to?] But not suitable for use by children and students. He himself has not used marijuana for many years. [130] Soros has been a major financier of the Drug Policy Alliance – an organization that promotes cannabis legalization – with approximately $ 5 million in annual contributions from one of its foundations. [131]
Death and death
The Project on Death in America, active from 1994 to 2003, [132] was one of the Open Society Institute’s projects, which sought to “understand and change the culture and experience of death and bereavement.” [133] In 1994, it was delivered. Soros gave a speech in which he reported that he offered to help his mother, a member of the right-to-die advocacy organization Hemlock Society, commit suicide. [134] In the same speech, he also endorsed the Oregon Death with Dignity Act, [135] which helped fund its advertising campaign. [136]
Theories and threats of conspiracy
Because of his identity as a Jew, wealth, and philanthropy, Soros has been described as “the perfect code word” for conspiracy theories that unify antisemitism and Islamophobia. A well-known conspiracy theory associated with Soros is that he was behind the European migrant crisis or importation of migrants to European countries. The Hungarian government has spent millions of dollars on a poster campaign that demonizes Soros. According to anthropologist Ivan Kalmar, “Many of his most outspoken enemies inside and outside Hungary saw him as leading an international immunity that included other Jews such as the Rothschilds, as well as Freemasons and Illuminati. “[137] [138]
Attempted murder
A pipe bomb was placed in the mailbox at Soros ’home in Katonah, New York, on October 22, 2018, as part of the October 2018 U.S. mail bombing attempt. The package was discovered by a guardian, [139] who removed it and informed the authorities. It was photographed and blown up by the FBI, which launched an investigation. [140] [141] A few days later, similar bombs were sent to Hillary Clinton, Barack Obama, and other Democrats and liberals. [142]
On October 26, 2018, Cesar Sayoc was arrested in Aventura, Florida, on suspicion of sending bombs. [143] In August 2019, Sayoc was sentenced to 20 years in prison for sending 16 pipe bombs to 13 victims. None of the devices exploded badly. [144]
Political and economic perspectives
Reflexivity, financial markets, and economic theory
Soros’s writings are highly focused on the concept of reflexivity, where the biases of individuals enter into market transactions, which are likely to change on economic fundamentals. Soros argues that different principles apply to markets depending on whether they are in a “near equilibrium” or a “far from equilibrium” state.He argues that, when markets rise or fall rapidly, they are often marked by disequilibrium rather than equilibrium, and the conventional market economic theory (the “good market hypothesis”) does not apply to these situations. Soros popularized the concepts of dynamic disequilibrium, static disequilibrium, and near-equilibrium conditions. [57] He said his own financial success was attributed to the edge provided by his understanding of reflexive effect action. Reflexivity is based on three main ideas: [57]
Reflexivity is best observed under special conditions where investor bias grows and spreads throughout the investment arena. Examples of factors that can cause this bias include (a) equity leveraging or (b) the trend-following practices of speculators. Reflexivity appears repeatedly because it is likely to manifest under certain conditions; that is, the nature of the equilibrium process is best considered in terms of probabilities. Investors ’observation and participation in capital markets can sometimes influence estimates and key conditions or outcomes.
A recent example of reflexivity in modern financial markets is the debt and equity of the housing markets. [57] Lenders began to make more money available to more people in the 1990s to buy homes. More people are buying houses with larger amounts of money, so the prices of these houses are rising. Lenders looked at their balances which not only showed that they made more loans, but the collateral that supported the loans – the value of the homes – increased (because more money was chasing the same). cost of housing, relatively). So they lent more money because their balances looked good, and prices still went up.
This is further fueled by public policy. In the US, home loans are guaranteed by the Federal government. Many national governments saw home ownership as a positive outcome so introduced grants for first home buyers and other financial subsidies, such as the exemption of a primary residence from capital gains taxation. These will further encourage home purchases, leading to further price increases and further relaxation of lending standards.
The concept of reflexivity attempts to explain why markets moving from one equilibrium state to another tend to overshoot or undershoot. Soros’s theories were originally rejected by economists, [145] but received more attention after the 2008 crash including being the focus of an issue of the Journal of Economic Methodology. [146]
The notion of reflexivity provides an explanation for the theories of complexity economics, developed at the Santa Fe Institute, although Soros did not publish his views at the time the discipline was originally developed there in the 1980s. [147] [ 148] [149] ] [150]
Political reflexivity
Although the main manifestation of the reflexive process that Soros discusses is its effects on financial markets, he also explores its effects on politics. He said that although the biggest threat to “open society” in the past has come from communism and fascism (as discussed in The Open Society and Its Enemies by his mentor Karl Popper), the biggest current threat comes from market fundamentalism.
He suggested that the contemporary domination of global politics and trade in the United States is a reflexive phenomenon, in which the success of military and financial coercion returns to encourage the increasingly intense application of the same policies to the point where they are it will be too late. unsustainable. [151]
Look at the problems with the free market system
Soros argues that the current system of financial speculation is undermining healthy economic growth in many underdeveloped countries. He blames many of the world’s problems on failures inherent in what he characterizes as market fundamentalism.[152]
Market predictions
Soros ’book The New Paradigm for Financial Markets (May 2008), described a“ superbubble ”that had formed over the past 25 years and was ready to collapse. This is the third in a series of books he has written that foretold disaster. As he said:
I have a record of the crying wolf … I first did it in The Alchemy of Finance (in 1987), then in The Crisis of Global Capitalism (in 1998), and now in this book. So these are three books that predict disaster. [Then] the child cried wolf three times … the wolf actually came. [153]
He attributes his own success to the ability to recognize if his predictions are wrong.
I’m just rich because I know when I’m wrong … I basically have survived by recognizing my mistakes. I often have back pain because of my mistakes. Whenever you are wrong you have to fight or [run away]. When [I] decide, the back pain disappears. [153]
In February 2009, Soros said the global financial system was fragmented, adding that there was no hope of a near-term resolution to the crisis. [154] “We’ve witnessed the collapse of the financial system … It’s been put on life support, and it’s still on life support. There’s no sign that we’re near the bottom.”
In January 2016, at an economic forum in Sri Lanka, Soros predicted a financial crisis similar to 2008 based on the state of the global currency, stock and commodity markets as well as the declining Chinese yuan. [155] [156]
Views on antisemitism and IsraelWhen asked about what he thinks about Israel, in The New Yorker, Soros replied: “I don’t deny Jews the right to a national existence – but I don’t want to be a part its. ”[157] According to hacked emails released in 2016, the Soros Open Society Foundation has its own described goal of“ challenging Israel’s racist and anti-democratic policies ”in international forums , in part by questioning Israel’s reputation as a democracy. [158] He funded NGOs actively opposed to Israeli policies [159] [160] [161] including groups campaigning for the Boycott, Divestment and Sanctions movement against Israel. [159]
Speaking before a 2003 conference of the Jewish Funders Network, Soros said that George W. Bush administrations in the U.S. and Ariel Sharon in Israel, and even the unintended consequences of some of her own actions, are partly contributing to a new European antisemitism. Soros, who cited accusations that he was one of the “Jewish financiers” who, in antisemitic terms, “led the world by proxy”, suggested that if we change the direction of those policies, the anti-Semitism will also decrease. Abraham Foxman, national director of the Anti-Defamation League, said Soros’s comments had a simplistic perspective, were counterproductive, biased and a fanatical perception of what was outside, and “blamed the victim” when handled Jews responsible for antisemitism. Jewish philanthropist Michael Steinhardt, who arranged for Soros’ appearance at the conference, clarified, “George Soros doesn’t think Jews should be hated more than they deserve.” [in] being a tribe “. [163]
In a subsequent article for The New York Review of Books, Soros emphasized that
I do not subscribe to myths propagated by the enemies of Israel and I do not blame the Jews for anti-Semitism. Anti-Semitism predates the birth of Israel. Israeli policies or the critics of those policies should not be held accountable for anti-Semitism. At the same time, I believe that attitudes in Israel are influenced by Israeli policies, and attitudes in the Jewish community are influenced by the success of the pro-Israel lobby in suppressing differing views. [164]
In 2017, Israeli businessman Beny Steinmetz filed a $ 10-million lawsuit against Soros, alleging that Soros influenced the Guinean government to freeze Steinmetz’s company BSG Resources from iron ore mining contracts. in the African country because of the “long -term animus towards the state of Israel”.[165] [166] [167] Steinmetz states that Soros was engaged in a “smear” campaign against him and his companies and blames Soros for the investigation into him by American, Israeli, Swiss authorities. and Guinean. [168] Soros called Steinmetz’s suit “trivial and completely untrue” and said it was “a desperate PR stunt meant to divert attention from BSGR’s growing legal problems in many jurisdictions”. [169]
At an award ceremony for Imre Kertész, Soros said that victims of violence and abuse are becoming “perpetrators of violence”, suggesting that this model explains Israel’s behavior towards Palestinians, who led to walkouts and booing of Soros. [170]
In July 2017, a Hungarian billboard campaign supported by Prime Minister Viktor Orbán, considered anti-Semitic by the country’s Jewish groups, denounced Soros as an enemy of the state, using the slogan “Let’s not let Soros be have one last laugh “. [171] The campaign was estimated to cost 5.7bn forints (then US $ 21 million). [172] According to the Israeli ambassador, the campaign “produces sad memories but also sows hatred and fear”, a reference to Hungary’s role in the exile of 500,000 Jews during the Holocaust. [173] Lydia Gall of Human Rights Watch asserted that it was reminiscent of Nazi posters during World War II featuring “‘the laughing Jew'”. [174] Orbán and his government representative said they had “zero tolerance” on antisemitism, explaining that the posters were aimed at persuading voters that Soros was a “national security risk”. [171]
Hours later, in an apparent attempt to ally with Israel in Hungary, Israel’s Ministry of Foreign Affairs issued a “clarification”, denouncing Soros, stating that “he continues to undermine democratically elected governments. of Israel by funding organizations that destroy the Jewish state and seek to deny it. the right to self -defense “. [175]
Soros’ son Alexander said in an interview that his father cared about Israel, and that “he wanted to see Israel in the image of Yitzhak Rabin. His views were more or less typical of Meretz’s views. and to the Labor Party. ” According to Alexander, Soros supports a two-state solution. The younger Soros recounted that after his bar mitzvah in 1998, his father told him: “If you are serious about being Jewish, you may want to consider moving. in Israel. “[176]
In a 2018 interview with The New York Times, Alex Soros, the son of George Soros, when asked about why his father fought for an open society, Soros replied that in a non -Jewish state, a Jews can only feel safe when other minorities. is protected, which is one of the most important driving forces why his father became active in his philanthropy:
But he was always “identified first as a Jew,” and his philanthropy was ultimately an expression of his Jewish identity, which he felt a solidarity with other minority groups and also because of his recognition of being a Jew. can only be really safe in a world where all minorities are protected. Explaining his father’s motives, he said, “The reason you are fighting for an open society is because that is the only society you can live in, as a Jew — unless you become a nationalist and only fight for your own rights in your own state. “[177]
U.S. views
On November 11, 2003, in an interview with The Washington Post, Soros said that removing President George W. Bush from office was the “central focus of my life” and “a matter of life and death”. He said he would dedicate his entire fortune to defeating Bush “if anything could guarantee it”. [178] [179] Soros donated $ 3 million to the Center for American Progress, $ 2.5 million to MoveOn.org, and $ 20 million [180] to America Coming Together. These groups worked to support the Democrats in the 2004 election.On September 28, 2004, he donated more money to the campaign and began his own multistate tour with a speech, “Why We Must Not Re-elect President Bush”, [181] delivered at the National Press Club in Washington, D.C. The online transcript of this speech received a lot of views after Dick Cheney accidentally referred to FactCheck.org as “factcheck.com” in the vice presidential debate, which caused the owner of that domain to redirect all traffic to Soros’s site. [182]
His 2003 book, The Bubble of American Supremacy [183], was an outright critique of the Bush administration’s “War on Terror” as delusional and counterproductive, and a polemic against Bush’s re -election. He explains the title in the final chapter by pointing out parallels in this political context to the self-reinforcing reflexive processes that generate bubbles in stock prices.
When Soros was asked in 2006 about his statement in The Age of Fallibility that “the main obstacle to a stable and just world order is the United States”, he replied that “it happens to coincide with existing opinion on world.And I think that’s pretty surprising for Americans to hear.The United States has set the agenda for the world.And the rest of the world has to respond to that agenda.By declaring ‘war on terrorism’ ‘after September 11, we set the wrong agenda for the world … When you go to war, you inevitably create innocent victims.’ [184]
In 2017, Soros described Donald Trump as a deceiver, and predicted Trump would fail because he believed Trump’s ideas were self -contradictory. [185] Soros also said he believed Trump was preparing for a trade war and expected that the financial markets would not do well. [186]
European views
In October 2011, Soros drafted an open letter entitled “As concerned Europeans, we urge Eurozone leaders to unite”, [187] in which he called for a stronger economic government. for Europe using federal means (Common EU treasury, common fiscal supervision, etc.) and warning against the risk of nationalist solutions to the economic crisis. The letter was jointly signed by Javier Solana, Daniel Cohn-Bendit, Andrew Duff, Emma Bonino, Massimo D’Alema, and Vaira Vīķe-Freiberga.
Soros criticized Hungarian Prime Minister Viktor Orbán and his handling of the European migrant crisis in 2015: “His plan treats the protection of national borders as a goal and refugees as an obstacle. Our plan treats the protection of refugees as a goal and national borders as an obstacle. “[188]
Soros expected Brexit to fail and Theresa May’s Premiership to last only a short time. [186] Soros opposed Brexit and donated £ 400,000 to the anti-Brexit group ‘Best for Britain’. [189] Soros also hosted a dinner for Conservative donors at his London home to encourage them to follow his lead. The Soros Open Society Foundations also donated a total of £ 303,000 to two pro-EU organizations, the European Movement UK and Scientists for the EU, and a center-right think-tank, Bright Blue. [190]
In 2018, Soros highlighted that Europe faces major challenges related to immigration, austerity, and countries leaving the EU. [191] He believed that Europe was facing an existential crisis, due to rising populism, the refugee crisis and a growing conflict between Europe and the United States. [192] Soros also said that “the euro has many unresolved problems” that “should not be allowed to destroy the European Union”. He proposed replacing the idea of a multi-speed Europe with the goal of a “multi-track Europe” that would allow member states a wider variety of options. [193]
Perspectives on relations between Europe and Africa
Given the possibility of further increasing the number of refugees from Africa to Europe, Soros suggested that the European Union develop a “Marshall Plan for Africa” (see Marshall Plan), which promotes education and work in Africa to reduce immigration. . [191] [193]
Views of ChinaSoros expressed concern about the growth of China’s economic and political power, saying, “China has developed rapidly by looking after its own interests … They now have to accept responsibility for the order of world and in the interests of other people. ” Regarding the political gridlock in America, he said, “Today, China is not only a more vibrant economy but a better functioning government than the United States.” [194] In July 2015, Soros said it was a “strategic partnership between the US and China could prevent the evolution of two power blocs that could lead to military war ”. [195] In January 2016, in an interview at the World Economic Forum (WEF) in Davos, Soros said that “[a] hard landing is almost inevitable”. The Chinese state media responded by saying “Soros’ challenge to the RMB and Hong Kong dollar will surely fail, without any doubt.” [196]
In January 2019, Soros used his annual speech at the World Economic Forum, in Davos, to label Xi Jinping, General Secretary of the Communist Party of China and President of China, as “the most dangerous opponent of open societies” , which says: “China is not only the authoritarian regime in the world but it is the richest, most powerful and most technologically advanced.” He also urged the United States not to allow Chinese technology companies Huawei and ZTE to dominate the 5G telecommunications market because it would present an “unacceptable security risk for the rest of the world”. [197] [198] Soros also criticized the latest form of China’s Big Brother-like system of mass surveillance called the Social Credit System, saying it would give Xi “total control” over the Chinese people. ignoring Chinese human rights violations for business reasons, for example, criticized BlackRock’s decision to invest heavily in China as detrimental to global democracy and U.S. national security. [200]
Perspectives on Russia and Ukraine
In May 2014, Soros told CNN’s Fareed Zakaria: “I built a foundation in Ukraine before Ukraine became independent from Russia. And the foundation has been working since then and has played an important part in today’s events.” [201]
In January 2015, he said that “Europe needs to wake up and recognize that it is being attacked from Russia” and urged Western countries to expand economic sanctions against Russia for its support of separatists in eastern Ukraine. . [202]
In January 2015, Soros called on the European Union to provide $ 50 billion in bailout money to Ukraine. [203]
In July 2015, Soros said Putin’s annexation to Crimea was a challenge to the “ruling world order,” specifically the European Union. He assumed that Putin wanted to “destabilize the whole of Ukraine by inciting a financial and political collapse for which he could deny responsibility, while avoiding occupation of a part of eastern Ukraine, which was rely on Russia for economic support. “[195] In November 2015, Russia banned the Open Society Foundations (OSF) and the Open Society Institute (OSI) —two pro-democracy charities founded by Soros — stating that they posed a “threat to the foundations of the constitutional system of the Russian Federation and the security. of the state.” [204] [205] In January 2016, 53 books related to Soros’s “Renewal of Humanitarian Education” program were removed from Vorkuta Mining and Economic College in the Komi Republic, with 427 additional books seized for slicing. A Russian intergovernmental letter released in December 2015 states that Soros ’charities“ form a twisted understanding of history and make ideological directives popular, foreign to Russian ideology ”. Most of these books were published with funds donated by Soros charities. [206] [207]
In May 2022, Soros said that Russia’s invasion of Ukraine could be the beginning of the “third world war” and that Putin should be defeated “as soon as possible” .He also said that “Other issues related to all of humanity-fighting pandemics and climate change, preventing nuclear war, maintaining global institutions-had to return to that struggle.So I say that civilization may not survive. “[208]
Wealth and philanthropy
George Soros speaks at the LSE alumni society in Malaysia.
In March 2020, Forbes magazine listed Soros as the 162nd richest person in the world, with a net worth of $ 8.3 billion. [209] He also donated 64% of his original wealth, and distributed more than $ 15 billion through his Open Society Foundations (an international grantmaking network that supports the advancement of justice, education, public health and independent media). Forbes called him the most generous giver (when measured as a percentage of net worth). [13]
Soros has been active as a philanthropist since the 1970s, when he began providing funds to help black students attend the University of Cape Town in apartheid South Africa, [102] and began funding dissident movements in the background. of the Iron Curtain.
Soros ’philanthropic funding includes efforts to advance nonviolent democratization in post-Soviet states. These efforts, mostly in Central and Eastern Europe, occur mainly through Open Society Foundations (originally the Open Society Institute or OSI) and national Soros Foundations, which are sometimes under other names (such as Stefan Batory Foundation in Poland). In 2003, PBS estimated that he gave a total of $ 4 billion. [84] OSI says it has spent about $ 500 million annually in recent years.
In 2003, former Federal Reserve chairman Paul Volcker wrote in the preface to Soros ’book The Alchemy of Finance:
George Soros made his mark as a hugely successful speculator, smart enough to back off more when still ahead of the game. The bulk of his massive victory is now focused on encouraging transitional and emerging countries to become “open societies”, open not only in the spirit of commercial freedom but — more importantly — tolerant of new ideas and others. different ways of thinking and behaving. [210]
Time magazine in 2007 cited two specific projects — $ 100 million for Internet infrastructure for regional universities in Russia, and $ 50 million for the Millennium Promise to eradicate extreme poverty in Africa — noting that Soros provided $ 742 million in projects in the U.S., and provided a total of more than $ 7 billion. [211]
Other notable projects include assistance to scientists and universities throughout central and eastern Europe, assistance to civilians during the siege of Sarajevo, and Transparency International. Soros also pledged an endowment of € 420 million to the Central European University (CEU).
According to National Review Online [212] the Open Society Institute donated $ 20,000 in September 2002 to the Defense Committee of Lynne Stewart, the lawyer who defended controversial, difficult, and often unpopular defendants in court and was sentenced to 21/3 years in prison for “providing material support for a terrorist conspiracy” through a press conference for a client. An OSI spokesperson said that “it appeared to us at the time that there was an issue with the right to counseling entitled to our support” but later insisted that requests for support were denied. [Citation needed]
In September 2006, Soros pledged $ 50 million to the Millennium Promise, led by economist Jeffrey Sachs to provide educational, agricultural, and medical assistance to help villages in Africa endure poverty. The New York Times called this effort a “departure” for Soros whose focus of philanthropy was on the development of democracy and good government, but Soros noted that most of the poverty came from bad governance. [213 ]
Soros played a role in the peaceful transition from communism to democracy in Hungary (1984–89) [23] and gave a large endowment to the Central European University in Budapest. [214] Open Society Foundations has active programs in more than 60 countries around the world with total spending currently averaging approximately $ 600 million per year. [3] [215]
On October 17, 2017, it was announced that Soros had transferred $ 18 billion to the Open Society Foundations. [216]In October 2018, Soros donated $ 2 million to the Wikimedia Foundation through the Wikimedia Endowment program. [217]
In July 2020, Soros’s Foundations announced plans to provide $ 220 million in grants for racial justice groups, criminal justice reform and civic engagement. [218]
Personal life
Soros has been married three times and separated twice. In 1960, he married Annaliese Witschak (born January 3, 1934). Annaliese was an ethnic German immigrant, orphaned during the war. Although she was not Jewish, she was greatly liked by Soros’ parents because she also experienced the loss and displacement caused by World War II. [219] They separated in 1983. They had three children:
Robert Daniel Soros (born 1963): The founder of the Central European University in Budapest, as well as a network of foundations in Eastern Europe. In 1992, he married Melissa Robin Schiff in the Emanu-El Temple in New York City. Led by Rabbi Dr. David Posner officiated the ceremony. [220]
Andrea Soros Colombel (born June 11, 1965): The founder and president of the Trace Foundation, founded in 1993 to promote the cultural continuity and sustainable development of Tibetan communities within China. She is also a founding partner and member of the board of directors of the Acumen Fund, a global venture fund that uses an entrepreneurial approach to addressing the problems of global poverty. [221] She is married to Eric Colombel (born October 26, 1963).
She is married to Eric Colombel (born October 26, 1963). Jonathan Tivadar Soros (born September 10, 1970): A hedge fund manager and political donor. In 2012, he founded Friends of Democracy, a super PAC dedicated to reducing the influence of money in politics. In 1997, he married Jennifer Ann Allan (born November 26, 1969). [222]
In 1983, George Soros married Susan Weber. They separated in 2005. They have two children:
Alexander Soros (born 1985): Alexander gained fame for his donations to social and political causes, focusing his philanthropic efforts on “progressive causes for which there may be no widespread support.” [223] Alexander topped the list of student political donors in the 2010 election cycle. [224]
Alexander topped the list of donors to student politics during the 2010 election cycle. Gregory James Soros (born 1988), actor.
In 2008, Soros met Tamiko Bolton; [225] they were married on September 21, 2013. [226] Bolton was the son of a Japanese-American nurse and a retired naval commander, Robert Bolton. He grew up in California, earned an MBA from the University of Miami, and runs an Internet -based dietary supplement and vitamin sales company. [227]
Soros’ older brother Paul Soros, a private investor and philanthropist, died on June 15, 2013. [228] Also an engineer, Paul headed Soros Associates and founded the Paul and Daisy Soros Fellowships for Young Americans. [229] [230] He married Daisy Soros (née Schlenger), who, like his wife, was a Hungarian Jewish immigrant, [231] and with whom he had two sons, Peter and Jeffrey. [232] Peter Soros was married to former Flora Fraser, daughter of Lady Antonia Fraser and the late Sir Hugh Fraser and stepdaughter of the last 2005 Nobel Laureate Harold Pinter. Fraser and Soros separated in 2009. [233]
In 2005, Soros was a minority partner in a group that tried to buy the Washington Nationals, a Major League baseball team. Some Republican lawmakers have suggested they could move to revoke Major League Baseball’s antitrust exemption if Soros bought the team. [234] In 2008, Soros ’name was associated with AS Roma, an Italian association football team, but the club was not sold. Soros is a financial backer of Washington Soccer L.P., the group that owns the operating rights to Major League Soccer club D.C. United when the league was founded in 1995, but lost these rights to the group in 2000. [235] On August 21, 2012, the BBC reported SEC filings showing that Soros had acquired approximately 1.9 per cent stake in English football club Manchester United by buying 3.1 million Class-A shares of the club. [236]
In a 1998 interview with CBS News, Soros said he was not religious and did not believe in God. [237]
Awards and honors
Soros received an honorary doctoral degree from the New School for Social Research (New York), University of Oxford in 1980, Corvinus University of Budapest, and Yale University in 1991. He received an honorary degree in economics from the University of Bologna in 1995 . [238]
In 2008, Soros was inducted into the Institutional Investors Alpha’s Hedge Fund Manager Hall of Fame along with Alfred Jones, Bruce Kovner, David Swensen, Jack Nash, James Simons, Julian Roberston, Kenneth Griffin, Leon Levy, Louis Bacon, Michael Steinhardt, Paul Tudor Jones, Seth Klarman and Steven A. Cohen. [239]
In January 2014, Soros was ranked number 1 on LCH Investments ’list of top 20 managers with posts earning nearly $ 42 billion since launching its Quantum Endowment Fund in 1973. [240]
In July 2017, Soros was elected as an Honorary Fellow of the British Academy (HonFBA), the United Kingdom’s national academy for the humanities and social sciences. [241] Soros was the Financial Times Person of the Year for 2018, which is described he hailed the FT as “a standard bearer for liberal democracy, an idea under siege by populists”. [242]
In April 2019, Soros was awarded the Ridenhour Prize for Courage. [243] In his inaugural speech, Soros said: “In my native Hungary, the government of [Prime Minister] Viktor Orbán made me a super villain of an alleged plot to destroy the alleged Christian identity of the Hungarian nation. … [I] have donated the prize money associated with this award to Hungarian Spectrum, an online English publication that provides daily updates on Hungarian politics.It provides valuable service through of exposing to the world [in English] what Prime Minister Viktor Orbán is saying to his own people [in Hungarian]. This [Hungarian Spectrum] deserves more recognition and support. “[244]
Publications and scholarships
Books written or co -authored
Prominent op-eds
Television
A half -hour television Opinion lecture by Soros was broadcast by Channel 4 on 1 August 1993, and published in The Times the following day as “Why Appeasement Must Not Have Another Chance” [245]
See also
Explanatory notes
Sources
Further reading
Biographies
Journalism
Andrea Soros Bio, Wiki, Age, Husband (George Soros’ daughter), and Net Worth.
Biography of Andrea Soros
Andrea Soros was born on June 11, 1965, (age 55 years) is an American philanthropist and liberal donor. Soros is known for being the son of financier and liberal political donor George Soros.
He even sat on the global board of his father’s Open Society Foundations and on the board of the foundation-associated lobbying group Open Society Policy Center.
10 Facts About Andrea Soros
Name: Andrea Soros Age: 56 years old in 2021 Birthday: 11 June Height: Average Weight: Average Nationality: American Occupation: Philanthropist, Liberal donor Marital Status: Married Salary: Update. Networth: $ 10 million – $ 50 million
Andrea Soros Age Now
Andrea is 56 years old in 2021, she was born on June 11, 1965, in the United States of America. She celebrates her birthday on June 11 every year and the sign of her birth is Gemini.
Andrea Soros Height and Weight
Andrea stands at medium height and medium weight. She looks pretty tall if her photos, associated with her surroundings, are anything to go by. However, details about his actual height and other body measurements are currently not available to the public. We are monitoring and we will update this information when it comes out.
Andrea Soros Parents and Siblings
Soros was born in the US to his billionaire father George Soros and his mother Annaliese Witschak. His mother was an ethnic German immigrant, orphaned in the second world war. Although he was not Jewish, he was greatly liked by Soros ’parents because he experienced more the loss and displacement caused by World War II. Her parents separated in 1983.
Andrea Soros Wife
Soros is a married woman, she is married to her husband Eric Colombel. Our efforts to find out more about her Husband were unsuccessful because there was no such information available to the public. It is also not known if she has children. However, this section will be updated once it is available.
Andrea Soros Age of Wife
Eric was born in the United States of America, the exact date of his birth is not available in any online publication so it is difficult to know when he was born and when he celebrates his birthday.
Andrea Soros Measurements and Facts
Here are some interesting facts and body measurements you should know about Soros.
Andrea Soros Bio at Wiki
Full Name: Andrea Soros
: Andrea Soros Gender: Female
Female Profession: Philanthropist and Liberal Donor
: Philanthropist and Liberal Donor Nationality: American
: American Race/ Ethnicity: White
: White Religion: Unknown
: Unknown Sexual Orientation: Straight
Andrea Soros Age and Birthday
Age: 55 years (2020)
: 55 years (2020) Zodiac Sign: Leo
: Leo Date of Birth: June 11, 1965
: June 11, 1965 Place of Birth: United States of America
: United States of America Birthday: June 11
Andrea’s Body Dimensions
Body Dimensions: To be updated
: To be updated Height: Medium
: Medium Weight: Medium
: Moderate Bra Cup: To be updated
To update Body Shape: To update
To update Hair Color: Black
Andrea Soros Family and Relationships
Father (Father): George Soros
: George Soros Mother: Annaliese Witschak
: Annaliese Witschak Siblings (Brothers): To be updated
: To be updated Marital Status: Married
: Married Wife: Eric Colombel
Andrea Soros Net Worth and Salary
Net Worth: $ 1 million – $ 5 million dollars (estimated 2020)
: $ 1 million-$ 5 million dollars (estimated 2020) Salary: To be updated
: To be updated Source of Income: Inheritance
Soros’s Houses and Cars
Place of residence: US
: Cars in the US: Vehicle Brands to be updated
Andrea Soros Net Worth
Soros’ net worth is not available to the public. With his various sources of income, we believe Soros has amassed a good net worth but he prefers to keep it private. We will update this section when this information is available.
Frequently Asked Questions About Andrea Soros
Who is Andrea Soros?
Andrea is an American philanthropist and liberal donor. Soros is known for being the son of financier and liberal political donor George Soros.
How old is Andrea Soros?Andrea was 55 years old in 2020, she was born on June 11, 1965, in the United States of America.
How tall is Soros?
Andrea stands at medium height and medium weight. She looks pretty tall if her photos, associated with her surroundings, are anything to go by.
Is Andrea already married?
Soros is a married woman, she is married to her husband Eric Colombel. Our efforts to find out more about her Husband were unsuccessful because there was no such information available to the public.
How much is Andrea Soros worth?
Soros’ net worth is not available to the public. Through his various sources of income, we believe that Soros has accumulated a good net worth but he prefers to keep it private.
Where does Soros live?
Andrea currently resides in the United States. He did not share his exact location of residence. We will update this information immediately if we get the location and photos of his house.
Is Andrea dead or alive?
Andrea is alive and in good health. There were no reports that he was ill or had any health -related issues.
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