George Soros

George Soros is a Financier American billionaire , born in Budapest in Hungary in 1930, wire of the writer esperantist Tivadar Soros. It became famous for its activities of Spéculation on the currencies and its activities of Philanthropie. He is currently president de Soros Fund Management and of Open Society Institute.

Its youth

Soros is the son of the writer esperantist Tivadar Soros (alias Teodoro Ŝvarc) whose work Maskerado ĉirkaŭ the morto which reports its experiments during the occupation Nazi with Budapest was translated in several languages (English, Russian, German, Hungarian and Turkish). It was born in Hungary where it lived until 1946, date on which it flees the Soviet occupation while going to a congress of Esperanto.

Soros emigrated in the United Kingdom in 1947 where he off undertook studies of economy to the London School Economics. It went then to the United States in 1956 for, according to its dires, to gain enough money with Wall Street to become writer and philosopher. He worked with New York Stock Exchange as a Trader and created his clean funds of investment: Soros Fund.

“The man who made jump the bank of England”

Soros became famous, at the time of black Wednesday (September 16th 1992), while speculating against the Pound sterling. The Banque of England was forced to leave its currency the European Monetary System. The appreciation that Soros would have drawn some would be approximately 1,1 billion dollar. It was called for that “the man who made jump the Bank of England”. During the Asian Financial crisis of 1997, in similar circumstances, the Prime Minister for the time Mahathir bin Mohammad showed Soros to speculate in the currency Malaysia, the ringgit. This operation will cost two years of development Thailand.

The man has his Paradoxe S. In forty years, George Soros accumulates a fortune estimated at 7,2 billion Dollar S in 2004, according to the classification of the magazine Forbes (24e fortune of the United States). He however recognizes that the current financial system is harmful for the development of the poorest countries.

Criticisms

George Soros is a character ambiguous, suspected and sometimes condemned for offense of initiate (see for example the Affaire of the General society).

Its detractors criticize the part played by Soros through its funds of investment Quantum Fund, domiciled with Curaçao (Dutch West Indies) - a Tax shelter regularly denounced by the Action group financial on the bleaching of capital (GAFI) as being one of most important the centers of money laundering resulting from the narcotrafic. While operating starting from Curaçao, Soros solely did not avoid paying taxes, but it also hid the nature of its investors and the use of their money.

Philanthropy

Soros uses part of its fortune to philanthropic activities. In 1979, Soros financially helped the black students of the Université of the Cape in South Africa at the time of the Apartheid. At the time of the bursting of the Soviet Union, George Soros is known to have proposed with each scientist the sum of 500 dollars not to leave to sell their knowledge with highest offerer, in particular because of the risks of diffusion of technologies Nucléaire S. It developed the Open Society Institute and the Fondation Soros, whose posted objective is to promote the development of the democratic society and open. These investments are mainly intended for the Pays in the process of development or in the course of social rebuilding: country of old the Soviet Union, Africa, South America, Asia. It was also committed giving 250 million dollars to the Université of Central Europe.

Philosophy

Soros was the disciple of Karl Popper with which it maintained a correspondence.

Soros against Bush

George Soros wrote several books, whose before the last, “ The Bubble off American Supremacy ”, is a virulent criticism against the Gouvernement of George Bush. It also invested 12 million dollars to be opposed to the re-election of George Bush, which can astonish, knowing that it is him which saved George Bush Junior bankruptcy in 1990, and which it actively works with the Groupe Carlyle of George Bush father. This group manages the wallets of the families Bush and Bin Laden, and is the 11th supplier of the Pentagone.

See too

External bonds

Official site (in English)
Open Society Institute and Soros Foundation Network (in English)
Forbes: the 400 people richest of the United States in 2004 (in English)
Article criticizes network Voltaire

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