[247] In his acceptance address Soros said: "In my native Hungary, the government of [Prime Minister] Viktor Orbn has turned me into the super villain of an alleged plot to destroy the supposed Christian identity of the Hungarian nation [I] donate the prize money associated with this award to the Hungarian Spectrum, an online English-language publication that provides daily updates on Hungarian politics. A professor there, Karl Popper, transfixed Soros with his "open society" philosophy. Search . "[114], In June 2009, Soros donated $100million to Central Europe and Eastern Europe to counter the impact of the economic crisis on the poor, voluntary groups and non-government organisations. [citation needed], In September 2006, Soros pledged $50million to the Millennium Promise, led by economist Jeffrey Sachs to provide educational, agricultural, and medical aid to help villages in Africa enduring poverty. April 18, 2013, 4:23 PM Thomson Reuters thinks the 82-year-old billionaire philanthropist George Soros is dead. Mistaken obituary labels George Soros as 'predatory' billionaire Denver, Colo., Apr 22, 2013 / 11:07 am A mistakenly-published article erroneously announcing the death of George Soros. We planned to sell more than that. George Soros, "On Israel, America and AIPAC". "This has George Soros . [190] Soros is opposed to Brexit and donated 400,000 to the anti-Brexit 'Best for Britain' group. [69], In 2013, the Quantum Fund made $5.5billion, making it again the most successful hedge fund in history. On September 28, 2004, he dedicated more money to the campaign and kicked off his own multistate tour with a speech, "Why We Must Not Re-elect President Bush",[185] delivered at the National Press Club in Washington, D.C. Double Eagle was renamed to Quantum Fund and was the principal firm Soros advised. One prominent Soros-related conspiracy theory is that he is behind the European migrant crisis or importing migrants to European countries. In 1999, economist Paul Krugman was critical of Soros's effect on financial markets. The Transnational Norms of the Open Society Institute", https://en.wikipedia.org/w/index.php?title=George_Soros&oldid=1133307484, Investor, hedge fund manager, author, philanthropist, Reflexivity is best observed under special conditions where investor bias grows and spreads throughout the investment arena. It [Hungarian Spectrum] deserves to be better known and supported. In 2003, former Federal Reserve chairman Paul Volcker wrote in the foreword of Soros's book The Alchemy of Finance: George Soros has made his mark as an enormously successful speculator, wise enough to largely withdraw when still way ahead of the game. As of November 2022, he has a net worth of US$6.7billion, according to Forbes. I took this piece of paper to my father. A statement on Reuters website reads: Reuters erroneously published an advance obituary of financier and philanthropist George Soros. [85] However, the case was reopened a few years later, and the French Supreme Court confirmed the conviction on June 14, 2006,[86] although it reduced the penalty to 940,000. I basically have survived by recognizing my mistakes. With a history of antisemitic remarks, Mahathir made specific reference to Soros's Jewish background ("It is a Jew who triggered the currency plunge")[79] and implied Soros was orchestrating the crash as part of a larger Jewish conspiracy. Now 92, George Soros' net worth is still significant at an estimated $8.5 billion according to Bloomberg, which ranks him as the 227th wealthiest people in the world. He has been the target of multiple conspiracy theories and misinformation on social media ( here ).. In 2008, Soros donated $400,000 to help fund a successful ballot measure in Massachusetts known as the Massachusetts Sensible Marijuana Policy Initiative which decriminalized possession of less than 1oz (28g) of marijuana in the state. The elder Soros's . [74] The estimated cost of Black Wednesday to the UK Treasury was 3.4billion. "George Soros, who died XXX at age XXX, was a predatory and hugely successful financier and investor, who argued paradoxically for years against the same sort of free-wheeling capitalism that. Soros's philanthropic funding includes efforts to promote non-violent democratization in the post-Soviet states. In October 2011, a Reuters story, "Soros: Not a funder of Wall Street Protests," was published after several commentators pointed out errors in an earlier Reuters story headlined "Who's Behind the Wall St. shelved 33,144 times Showing 30 distinct works. He blames many of the world's problems on the failures inherent in what he characterizes as market fundamentalism.[156]. [71], Soros had been building a huge short position in pounds sterling for months leading up to the Black Wednesday of September 1992. [173], During an award ceremony for Imre Kertsz, Soros said that the victims of violence and abuse were becoming "perpetrators of violence", suggesting that this model explained Israel's behavior towards the Palestinians, which led to walkouts and Soros being booed. At 5:41 p.m. Eastern on Thursday afternoon, the 162-year-old news agency. The New York Times termed this endeavor a "departure" for Soros whose philanthropic focus had been on fostering democracy and good government, but Soros noted that most poverty resulted from bad governance. "George Soros, who died XXX at age XXX, was a predatory and hugely successful financier and investor, who argued paradoxically for years against the same sort of free-wheeling capitalism that. He worked as a clerk and later moved to the arbitrage department. [172] Soros called Steinmetz's suit "frivolous and entirely false" and said that it was "a desperate PR stunt meant to deflect attention from BSGR's mounting legal problems across multiple jurisdictions". He has donated much of the fortune he earned working in finance. [201][202] Soros also criticized the newest 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 people of China. Born in Budapest to a non-observant Jewish family, Soros survived the Nazi occupation of Hungary and moved to the United Kingdom in 1947. "[76][77], On October 26, 1992, The New York Times quoted Soros as saying: "Our total position by Black Wednesday had to be worth almost $10billion. "[198] In July 2015, Soros stated that a "strategic partnership between the US and China could prevent the evolution of two power blocks that may be drawn into military conflict". [111], Some Soros-backed pro-democracy initiatives have been banned in Kazakhstan and Turkmenistan. Abraham Foxman, national director of the Anti-Defamation League later said that Soros's comments held a simplistic view, were counterproductive, biased and a bigoted perception of the situation, and "blamed the victim" when holding Jews responsible for antisemitism. Later that year at age 14, Soros posed as the Christian godson of an official of the collaborationist Hungarian government's Ministry of Agriculture, who himself had a Jewish wife in hiding. He studied at the London School of Economics and was awarded a BSc in philosophy in 1951, and then a Master of Science degree, also in philosophy, in 1954. George Soros is a celebrated hedge fund tycoon who managed client money in New York from 1969 to 2011. Suburb, Explosive Device Is Found in Mailbox", "Explosive Devices Found in Mail Sent to Hillary Clinton and Obama", "Bomb suspect arrest: What we know about Cesar Sayoc", "Cesar Sayoc, who sent pipe bombs to Trump critics, gets 20 years in prison", "Complexity economics: a different framework for economic thought", "Soros's Reflexivity Concept in a Complex World: Cauchy Distributions", "Why do we need an Institute for New Economic Thinking at Oxford? The people at Reuters are very sorry. They divorced in 2005. He was born into an Orthodox Jewish family in Nyrbakta, Hungary, near the border with Ukraine. ", "The Open Society Foundations in North Macedonia", "After Trump Win, Anti-Soros Forces Are Emboldened in Eastern Europe", "George Soros foundation to close office in 'repressive' Hungary", "Soros foundation to close office in Budapest over Hungarian government's 'repressive' policies", "Open Society Initiative for Southern Africa", George Soros: Kosovo Should Be Independent, Rebellious Diplomat Finds Work as Envoy of the Voiceless, Soros behind Mass. George Soros, founder and chairman of the Open Society Foundations, at an award ceremony in Vienna in 2019 . His 2003 book, The Bubble of American Supremacy[187], was a forthright critique of the Bush administration's "War on Terror" as misconceived and counterproductive, and a polemic against the re-election of Bush. [4] [14] [15] As a prominent political activist and supporter of left-wing causes, Hungarian-born billionaire financier George Soros has frequently been the target of smear campaigns, and none more odious. These further encouraged house purchases, leading to further price rises and further relaxation of lending standards. Soros was an initial donor to the Center for American Progress, and he continues to support the organization through the Open Society Foundations. Thus they lent out more money because their balance sheets looked good, and prices rose higher still. Billionaire describes use of AI to control citizens as 'mortal threat' to open society. [17] Based on his early studies of philosophy, Soros formulated the General Theory of Reflexivity for capital markets, which he says renders a clear picture of asset bubbles and fundamental/market value of securities, as well as value discrepancies used for shorting and swapping stocks. Neither Israel's policies nor the critics of those policies should be held responsible for anti-Semitism. At the same time, I do believe that attitudes toward Israel are influenced by Israel's policies, and attitudes toward the Jewish community are influenced by the pro-Israel lobby's success in suppressing divergent views. [129], Soros has funded worldwide efforts to promote drug policy reform. He's one of the great hedge fund managers and is arguably the most successful currency speculator in history; he is a major political donor; and he has given billions to his charity, the Open. Former Milwaukee County Sheriff David Clarke on Friday said that George Soros has "hijacked" the Black Lives Matter organization in order to promote anti-capitalism. "[212], As of March2020[update], Forbes magazine listed Soros as the 162nd richest person in the world, with a net worth of $8.3 billion. Ideas and events influence each other in reflexive feedback loops. The White House and OSF did not reply to . So it's three books predicting disaster. 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