Who is billionaire financier George Soros?

EPA

The Hungarian-American businessman George Soros is one of the most famous in the world, and the philanthropic, financial investors.

Earning his fortune through shrewd financial speculation, has spent billions of its own money for the funding of projects related to human rights and liberal-democratic ventures throughout the world.

In recent years, that funding has made him a target of the world, the nationalists, and populists, who have portrayed as a master manipulator of democracy.

Much of the criticism directed towards the 87-year-old has been criticized as having anti-Semitic undertones.The early years

Born in 1930 in Budapest to a Jewish lawyer father, he and his family survived the Hungarian Nazi-occupation of the fractionation and the acquisition of forged documents that hid their religion.

He emigrated to England at the age of 17 years, the attainment of an undergraduate degree and Phd at the London School of Economics (LSE), working part-time as a railway porter and a nightclub waiter.
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While there, he studied under the philosopher Karl Popper, who is best known for his battle cry for the liberal democracy the West in the post-war period. The concept of “open society” would be deeply influenced Mr. Soros ideology, financial, and career. Investment career

After initially working in investment banking in London, emigrated to the United States in 1956.

He spent time at several firms in New York city, before founding his hedge fund in 1970.

Soros Fund Management, which would later become the Quantum Fund, was known for its aggressive investment and high returns for investors.

The company has gained notoriety for its short-term and flexible the speculation in the global financial markets. This success made Mr. Soros, one of the richest men in the world and cemented him as a legend within the investment market.

He became known as “the man who broke the Bank of England” in September 1992, when he made $ 1 billion betting against or “shorting” of the UK currency, the pound sterling.

On the 16th of September, a day dubbed “Black Wednesday”, the Treasury has lost billions of dollars in reserves, forcing the pound to the European Exchange rate Mechanism (ERM).

This investment gamble is probably Mr. Soros’s best-known, consolidating his reputation as the world’s premier currency of the investor.

The financial single-mindedness that later led to accusations that he had helped to design the Asian financial crisis of 1997, when the thai baht collapsed, triggering widespread financial contagion throughout the region.

At the time, Malaysian Prime Minister Mahathir Mohamad shots at the “profiteers without scruples,” and called “immoral” currency trading to be banned.

Mr. Soros has his ire in particular, but also other investors had made even heavier betting against the Thai currency, which his company had. Philanthropic work

The hedge fund manager, has started to ease away from the day-to-day control of his company during the years 1980 and 1990, paying more and more attention to philanthropy venture instead.

Already from the beginning, providing scholarships for black students during the apartheid in South Africa, has spent billions and billions the progressive support of free market projects around the world.

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He focused on the opening of cultural exchange with Eastern Europe during the collapse of communism, before the expansion of investment in other regions around the world.

Mr Soros’s Open Society Foundations (OSF) now has programs in more than 100 countries around the world, and 37 regional offices.

The organization says that its goal is to build “vibrant and tolerant democracies whose governments are accountable and open to participation of all people”.

In 2017, while he was ranked as the 29th richest person in the world by Forbes magazine, showed that he had transferred $18 billion (£13.5 billion), or about 80% of his personal wealth in the organization.

According to his website, his goal is to use her financial independence to fight some of the most difficult problems to solve.”

The OSF continues to support a number of human rights initiatives around the world, including campaigns for LGBT people and for the rights of the Roma. The policy and the critical

Mr. Soros has been very vocal about the world economy and of world politics. This has drawn flak from the 21st Century, nationalist politicians, who have depicted him as a left-wing bogeyman of sorts.

In Europe, he openly criticized the management of the debt crisis, while during the peak of the region’s refugee crisis, has confirmed generous support for aid groups supporting migrants.

This policy, in particular, has put him in collision course with the Prime Minister, Viktor Orban, in his native country.

The Hungarian government has also funded the distribution of giant posters vilifying the financier in 2017.
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Mr. Soros foundation, finally, has decided to withdraw its offices from Hungary, blaming an “increasingly repressive” environment.

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His foundation has donated hundreds of thousands of pounds for the Best for Britain group, which aims to stop the UK departure from the EU. This support has made him a focus of criticism for the pro-Brexit supporters, activists, and newspapers within the country.

In 2015, the foundation has been prohibited in Russia, that is labeled as “undesirable” because of his perception of the risk to Russian security and the constitutional order. Attacks and conspiracies

Mr. Soros was a major donor to the US Democratic Party. He supported the presidential campaign of Barack Obama and Hillary Clinton, and has also labeled the american President Donald Trump “an impostor”.

The US-based right conspiracy theorists, and web sites have accused Mr. Soros of secretly engineering a series of recent events in US and global politics.

They have declared that has been involved in the recruitment of the crowd for the anti-Trump the Women of the March and the organization of violence in Charlottesville to undermine the policy of the country and the right wing.

These conspiracies, and negative coverage of its foundation, are often accused of being anti-Semitic, echoing the period of the Nazi conspiracy theories about the Jewish bankers conspiracy to create a “new world order”. Personal life

George Soros has been married three times.

He had two sons and a daughter with his first wife, German-born Soros Witschak, whom he married in 1960.

The couple divorced in 1983, when he wed his second wife Susan Weber. The couple stayed together until 2005, having two children during their marriage.

He married third wife tamiko from Bolton – 42 years young – in 2013.

Distance from hedge funds and philanthropy, Mr. Soros has also dabbled with investing in sports teams all over the world.

In 2012, it was reported that he had purchased a significant minority stake in UK-based football team, Manchester United.