We continue to publish articles about the stories of the success of famous people. George Soros. - Out of doubt a famous financier and an investor. At the time of publication of this article, he also began to engage in beneficiality. George Soros is known not only as an investor (like), but also as a speculator. George Soros is among the world are ambiguous. But everyone agrees that this is an extraordinary and interesting person.
George Soros was born on August 12, 1930 in the family of Jews in Budapest. Father Tivadar Soros (Shorosh) was a lawyer and tried to engage in publishing business. Father Soros fought in the First World War against Russia and was captive by the Russians, as a result he spent three years in camps. Probably this is the reason that his son George Soros dislikes Russia and Russians. This follows from numerous media publications.
J. Soros was a talented child and learned not only native Hungarian, but also German, English and French. Also Soros was kept in childhood sports and played in capital (this is a variation on the topic "Monopoly"). Odnoklassniki remembered George Soros as a person with a tough, aggressive and powerful character.
In the second world war, Father Soros was engaged in fake documents, which was removed from many Jews from death. Those who did nothing turned out to be more threatened than those who went to the risky fake of documents. This life lesson learned Soros Jr.. As he says: Sometimes you can lose everything including your own life, if you do not risk.
After World War II, George Soros moved to England, where he worked as a waiter. It also happened that he had reached the guests food, because was completely on the mel. How many postwar years George Soros spent in poverty and performed random work. For example, worked on the collection of apples, and also something painted there.
1949 George enters the London School of Economics, where he listened to the lectures of very talented teachers. As a result, Soros not only became interested in the economy, but also philosophy. In particular, he was interested in the book "Open Society and His enemies." According to the billionaire philosophy, as it does not sound paradoxically, it can really help earn money.
At 22, Soros received a diploma of an economist and it did not strongly helped him in promotion through the career ladder. Nevertheless, he sent his resume in a number of investment companies and in one of them Soros offered a place of an intern. There's Soros there and felt the taste for trade in shares. Subsequently, the young investment banking moved to New York, where he settled in an investment company and began to engage in currency trades.
In 1963, Soros came to work at Arnold and Blekchreder, this is the leading American firm for the insetics abroad. The knowledge of J. Soros of several European languages \u200b\u200band connections in the old world was useful.
It was previously believed that economic phenomena are objective. However, according to George Soros, if we consider the economy to science, we must be objective. So, the participants in economic processes (people, households and firms - they all behave is not always rational. Therefore, Soros understood that our opinion about the markets of shares and financial markets has little in common with what is happening there.
Soon George Soros, with the support of the company "Arnold and Blekchreder", establish an offshore Insvestment Fund and entrust the management of this Fund Soros. He understood that she was much better able to invest what to work among the top leadership. Subsequently, Soros has invested both personal money and money of many of its customers through offshore. Offshore funds allowed to avoid taxes.
At the beginning of the seventies, many wolves from Wall Street Street did not go. At the same time, George Soros was an exception to the rule and his investment was sometimes for dozens percent per year. George Soros missed the shares of companies from Europe and Asia and tried for a penny to acquire real business pearls. Also, Soros became famous for having collapsed the English pound sterling. It is unclear what was the reason, and what - the investigation. In any case, we know exactly that Soros sold the British pounds on the eve of the collapse of this currency. Together with a talented financade, his investors are also rapidly. Soros Foundation by 1980 for 12 years in a row without exceptions never closed a year with losses, and in 1980 his foundation showed a growth rate of 102% per annum. But later there are also unsuccessful years. In the 1980s, Soros became more actively engaged in speculation, affecting the dynamics of markets, as well as currency courses of entire states, because The amount of managed means has become essential. At these fluctuations in shares and currencies, Soros earned considerable money.
Soros talent is difficult to deny. For example, the press passed the publication that in 1993 alone, George Soros earned more money than mcdonald's mound, in which 169 thousand employees worked at that time. Financial World writes that that year Soros earned most of all on Wall Street.
George Soros Success Secret
Analysts believe that one of the main reasons for the success of George Soros was his excellent and sharp mind. It sees well-sees causal relationships and therefore is able to make forecasts in the markets and use these knowledge.
Another important quality of George Soros is the ability to quickly take hard solutions. Active risk management in a dynamically changing situation requires decisiveness and does not tolerate long reflection. At the same time, work comes with huge amounts. According to many financiers, it is necessary to have iron eggs with such tremendous money.
At the same time, the soros temperament is such that in case of an error, it does not lose the reason, but remains in a sober mind, knows how to recognize his mistake and get out of the game on time.
Those who worked in Soros say that he has a very developed intuition. I think that this intuition developed with the experience in the market for decades. Also, many people say that George Soros is characterized by self-discipline, as well as the understanding that there are both objective and subjective factors in the markets.
Perhaps one of the reasons for the success of a talented investor was his circle of communication - heads of states that could have given valuable information for investment.
In 1997, Soros made a mistake with the Russian stock market. Investments in the Russian Svyazinvest on the eve of the financial collapse in Russia almost two billion dollars have become a serious mistake. Then there were serious miscalculations relative to the soap bubble of dotcomms. Ultimately, Soros decided that he lost the flair and moved away from the active control of large transactions.
George Soros and Charity
Soros is known as a person who is actively engaged in charity. And the first beneficial foundation in 1979. Soros has also been engaged in charity, including in Russia. Some people believe that charitable activities in Russia are a cover for some spyware or that the opposition was thus financed before. There are similar opinions about Soros Foundations and from the inhabitants of the Rogi countries.
George Soros - Enemy of Russia?
Soros also accuse that under the guise of good activities in Russia, scientific developments were taken out, created during the USSR, helped the so-called leakage of brains. Soros himself does not deny that he purposefully financed forces against the Soviet state. For some reason, Soros against the current political system of Russia. Perhaps the reason is that his father visited Russia in Russia for several years or maybe he really believes in Open Society.
In the dry residue, Soros is a talented financier and an investor, but its activities in relation to Russia cause big questions.
American billionaire George Soros (George Soros) in his 82 years found a new bride, Reports Reuters.
On the eve of the famous patron and successful businessman investor at his birthday, 40-year-old businesswoman Tamiko Bolton (Tamiko Bolton). It turned out that Soros and Tamiko were already engaged.
A billionaire Soros gave his bride a ring from the GRAFF diamond in a platinum-rim. The marriage date of Soros and Tamiko Boltenpoca is not known.
George Soros informed the present that I met my future four years ago, in the spring of 2008.
Tamiko Bolton in those days traded through the Internet by Badami, but now owns a company learning Yoga online.
In the photo: George Soros and his new bride Tamiko Bolton. © Myrna Suarez / Reuters
George Soros has five children from previous marriages. And before the meeting with Tamiko, a businessman had a close relationship with Brazilian actress Adrian Ferreir.The star of "soap operas" after parting sued Soros apartment for $ 2 million in New York, which he promised to give and did not give.
Help: George Soros (GEORGE Soros) (Eng. George Soros, Weng. Soros György, before 1936 he wore Schwartz surname; August 12, 1930, Budapest) - American financier, investor and philanthropist. Supporter of the theory of an open society and the opponent of "market fundamentalism" (in this direction close to the social ideas of Karl Popper). The creator of a network of charitable organizations, known as the Soros Foundation.
Its activity causes ambiguous assessment in different countries and various circles of society. Often it is called financial speculators, as well. It is considered "a man who broke the Bank of England."
Soros - Member of the Executive Committee of the International CRISIS Group (ICG).
Born in a Jewish family of medium wealth. His father, Tivar Schwartz, was a lawyer, a prominent leader of the Jewish community of the city, an Esperanto specialist and an Esperantist writer. In 1936, the family changed its name for the Hungarian version of the Shorosh (Soros). In 1947, Soros moved to England. He entered the London School of Economics and Political Sciences and successfully graduated from her in three years. He lectured the Austrian philosopher Karl Popper, the ideological follower of which was Soros. In England, George Soros found a job on a haberdashery factory, and then turned into a community, but did not leave job search in the bank. In 1953, he received a place in Singer and Friedlander. Work and at the same time an internship took place in the arbitration department, which was near the stock exchange.
By 1956, the beginning of the Career of Soros in the field of financier. He arrived in the United States at the invitation of the father of his London friend, a certain Mayer who had his little brokerage firm on Wall Street. Career in the US began with international arbitration, that is, buying securities in one country and sell them to another. Soros created a new trading method, calling it internal arbitration - sale separately combined securities of shares, bonds and warrants before they could be officially separated from each other. In 1963, Kennedy introduced an additional fee for foreign investment, and Soros closed his business.
In 1969, Soros becomes the leader and co-owner of the Double Needle Foundation, which has emerged later to the famous "Quantum" (QUANTUM GROUP). The fund carried out speculative operations with securities with varying success. By mid-1990, Kwantum's capital was 10 billion US dollars. A thousand dollars invested in the foundation in 1969 turned into more than 2 million dollars today, subject to the reinvesting of dividends.
- September 16, 1992 - it is believed that on a sharp fall of the English pound against the German brand Soros earned more than a billion dollars a day. Soros began to call this Wednesday "White". And the Soros himself began to call the "man who broke the Bank of England", although his role in the fall of the pound was clearly exaggerated (see "Black Wednesday").
After that, the "black stripe" began in Soros's life. In 1997, he together with Potanin created an Offshore Mustcom, which was paid for 25% of Svyazinvest OJSC for 25% billion, but after the 1998 crisis, the stock price fell more than twice. Soros in the hearts called this purchase "the worst investment of money for life." After long attempts in 2004, he sold the shares of Svyazinvest OJSC for $ 625 million, headed by Leonard Blavatnik - part-time by the TNK-BP shareholder. At the end of 2006, Blavatnik sold the Blockpocket for $ 1.3 billion of Komstar-UTS company, which is part of the Sistema AFC.
Gradually, Soros depart from financial speculations and declares charitable activities, including in the field of education and research. Speakers with statements about the need and usefulness of restrictions in the financial sector, including to reduce the investment opportunities of large financial structures.
On July 26, 2017, made a statement on the closure of his investment fund and returning to third-party depositors of their investments in the amount of about one billion dollars. Depositors were informed about this decision of the Foundation chapter by a special letter, in which it was, in particular, it was said:
"We thank everyone who invests money to the fund over the past 40 years. We hope that over time you have been rewarded for your contributions to the Fund. "
As Soros himself said on July 26, 2017, - starting next year, he will be engaged in multiplying only the personal capital and means of his family. Further, in a letter to investors outlines the reason for the termination of the activities of the Soros Fund Management LLC. Deputy Chairman of the Board of the Fund, Son Soros Jonathan and Robert explained that the decision to close the Fund is associated with changes in the US law, which are developed within the framework of the US financial reform. We are talking about the new law of Dodda - Frank, known by his developers - Congressmen Chris Dodd and Barney Frank, which imposes a number of significant restrictions on the HEJ fund:
- until March 2017, all Country Funds operating on the territory of the country must be registered with the US Securities and Exchange Commission (SEC)
- hege-funds are charged to reveal all information about their investors, assets, investment policies, as well as possible conflicts of interest.
Financial activities George Soros
There are two main points of view regarding the financial success of SOROS. According to the first point of view, Soros is obliged to the gift of financial foresight. Another states that in making important decisions George Soros uses insider information provided by high-ranking individuals from the political and financial circles of the largest countries of the world.
The main speculations in the global financial markets Soros carried out through the Quantum Fund NV hedge fund, registered as an offshore company on the Caribbean Island of Curaçao owned by the Netherlands. This is the largest fund inside the QUANTUM GROUP OF FUNDS controlled by Soros.
The famous Soros began after the "black environment" on September 16, 1992. It is believed that in one day its profit amounted to more than a billion dollars. On the eve, Soros congently talked with Helmut Schlesinger, President of Bundesbank, and found out that the decline in Germany's accounting rates does not plan.
Subsequently, Soros tried to explain the grand success with the use of its "theory of reflexiveness of stock markets." According to this theory, the decisions on purchases and sales of securities are made on the basis of price expectations in the future, and since expectations - a category psychological, it can be an object of information impact. Attack on the currency of any country consists of consecutive information strikes through the media and analytical publications, combined with real actions of currency speculators, separating the financial market.
In 2002, the Paris court recognized George Soros guilty of obtaining confidential information in order to extract profits and sentenced to a fine of 2.2 million euros. According to the court, thanks to this information, the millionaire earned about $ 2 million on the shares of the French bank Societe Generale. Subsequently, the penalty was reduced to 0.9 million euros. Soros appealed to the European Court of Human Rights, but in 2017 he did not see the condemnation of violations, four voices against three.
In 1979, George Soros created his first Open Society Charitable Foundation in the USA (English Open Society Fund). Currently, Soros spends annually on its non-commercial projects on average about 300 million dollars.
Now more than 25 countries have created charitable funds. In 1988, the USSR Soros organized the Foundation "Cultural Initiative" in support of science, culture and education, but the foundation was later closed, since the money was used for personal purposes of certain persons [who?]. In 1995, it was decided to organize a new Open Society Foundation in Russia. From 1996 to 2001, the Soros Foundation has invested about $ 100 million to the project "University Internet Centers", as a result of which 33 Internet centers appeared on the territory of Russia.
Soros is not interested in Russian education at all, but only the part of its part, which is important for the formation of the socio-political views of the new generation of Russians: the Megaproekt "Development of Education in Russia" is connected exclusively with the teaching of social sciences. Within the framework of the program, the textbook "History of Russia", which was subjected to sharp criticism.
They wrote a lot about them in the press. And the Russian historical society even conducted a special conference dedicated to this topic. On it, the textbooks of the Soros Foundation were not criticized, but a crushing defeat. The textbook of cultural studies was written by Dr. Chemical Sciences, first decided to speak on public topics. And the materials for studying history turned out to be crowded with an insane amount of grammatical errors, fictions, speculations and reverses. Some experts frankly stated: they are designed to inspire to schoolchildren that all residents of Russia - people are flawed that the whole history of Russia is a chain of failures and shame, and a model for imitation is, of course, Western civilization.
Alena Mironova. "Western bureaucracy defeated"
At the end of 2003, Soros officially turned financial support to their charitable activities in Russia. Already in 2004, the Open Society Institute stopped issuing grants. But created with the assistance of the Soros Foundation of the structure and are now actively working without directly participation. Such projects [Source not specified 1182 days] include the Moscow Higher School of Social and Economic Sciences, Culture and Art Foundation Institute "About Arte", International Charitable Foundation named after D. S. Likhachev, Non-Profit Foundation for Support Budded, Education and New Information Technologies " Pushkin library. "
The Fund of the famous financier was expelled from the Republic of Belarus in 1997.
By November 2009, George Soros's condition is estimated at $ 11 billion. According to the assessments of the Business Week magazine, he donated more than $ 5 billion for the charity goals, and one billion from these five came to Russia.
In the political region, Soros showed itself as a sponsor and an influential lobbyist. Since 1979, Soros has actively financed democratic movements in Socialist countries of Eastern Europe - Polish solidarity, the movement of the Charter 77 in Czechoslovakia, as well as Soviet dissidents who were grouping around Andrei Sakharov. He played an important role in the fall of communist regimes in Eastern Europe during the "velvet" revolutions of 1989. He played a prominent role in the preparation and holding of the Georgian "Rose Revolution" of 2003, although Soros himself argued that his role was extremely exaggerated by the press.
Mikhail Kasyanov recalled how in obtaining Russia's support for IMF in the difficult situation of 1998, on August 13, "George Soros made a statement that Russia needs devaluation and that the IMF underestimates all the seriousness of the problem. The market opened and immediately "died." The next day, on Friday, President Boris Yeltsin swore that the devaluation would not be ... "
In the US, Soros showed great activity during the 2004 presidential campaign, while spending more than 23 million dollars in order to prevent the re-election of the Bush president, which was failed. Since 2005, he contributed to the creation and financing of the Democratic Alliance (Eng. Democracy Alliance) - an organization that unites and guide American progressors inside the Democratic Party.
One of the leaders of the militants of the Caucasus Doku Umarov said that the money for the "Chechen Congress" in Poland, the head of the government of the Unrecognized Republic of Ichkeria, Akhmed Zakayev, allocated an American billionaire George Soros.
George Soros is considered to be in the US "The main lobbyist on the legalization of the drug business in Congress". So, in 2008, he donated $ 400 thousand for passing in the Senate and the Chamber of Massachusetts Representatives Act on liberalization and mitigating punishments for possession and consumption of marijuana (Eng. Massachusetts Sensible Marijuana Policy Initiative). In October 2010, Soros donated one million dollars of the DPA organization (Eng. Drug Policy Alliance), which seems to legalize in the US marijuana. Previously, he regularly financed their predecessors of Lindesmith Center and Drug Policy Foundation, who merged in 2000 in DPA.
Drugs and George Soros
George Soros stands for the legalization of marijuana, and is also a supporter of methadone-heroin treatment methods.
England, Philanthrop and Potna, openly fantastic with the communist regime.
Biography
Differ Schwartz, born on August 12 in Budapest in 1930 in a wealthy family of Hungarian Jews. Father Tivadar after the military captivity on the fronts of the First World and Career of the Lawyer managed the inheritance of his wife, Erzebet Szv.
Soros Boy got the surname from his father who replaced it in 1936. The presence of funds helped the family to live the second world war, avoiding the persecution of the fascists, thanks to fake documents.
The economy is the future genius investment mastered in London School of Economics, where he was sent by the Father two years after the end of World War II.
After graduating from an educational institution (1949-1952) with a bachelor's degree, the future financier moves to the United States, where the father had connections to Wall Street.
Having settled in 1956 to work (New York USA), Soros held a way from a simple trader to the Foundation Manager for 13 years, becoming a co-owner of the Foundation in 1969.
To the significant facts of the biography, as an investor and the manager, include a series of losses at the beginning and end of the nineties, the policy of "minimal risk" introduced in Quantum Fund, and the refusal to make money to third-party investors on the slope of years.
The charitable activity of Philanthropian-Financier began from the beginning of the 70s, as soon as the money began to "be found", subsequently ordered under the roof of the Open Society Foundation, with the time of the growing start, originated since 1979.
Despite the reproaches of the media in the gaggages of donations, in fact, the list of programs awarded soros grants is quite wide and diverse, but the geographical bias of the active development of the funds opened since 1984 in Eastern Europe and the USSR was obvious. According to the investor's colleagues, billions of dollars spent on the opening of this network, funds went from Soros Fund Management under the personal control of the foundation creator.
In 2001, the financier entered the open controversy with the Bush-Jr. administration, accusing the course of graduation to democracy. The peak of confrontation fell on the election of 2004, when to oppose the re-election of US President George Soros was spent the amount of 27 million dollars. Being an opponent George Bush, Soros did not welcome the opponent in the form of a democratic party.
The ideas grabbed by Karl Popper, on the protection of the "Open Society" from Tiracy, Pouring Democracy of Heads of State, George Soros carried through all his life. With the election of the US President Donald Trump, now nursing more politicians than the investor, has begun a "new crusade".
George Soros does not stop the years and failures, gradually losing the impact of the funds of the funds, some of which are closed (in Russia since 2003), the part is under threat of closure, even at the Mother's Mother's homeland, in Hungary.
For a 70-year-old career, the investor managed to be led by $ 25 billion capital, huzzling influential enemies in the old and new light. What will end in the struggle for democratic values \u200b\u200baccording to George Soros, still have to see. The confrontation between the newly elected president and the financier begins.
Trader path
The experience of currency species Fifteen-year-old Soros first received in England, working around the "changeable currency" in the black market. The family by that time lost the state in the Communist Hungary and Soros was forced to earn independently "for life."
The first step of climbing Soros to the glory of the currency speculator and the successful manager is considered to be the work in the Brokerage Office of the United States, but the strategy of the state debt of various countries, which he began to promote, was drawn to them for a short time in the UK. The investment firm "Singer and Friedlander" provided the opportunity to the trader to comprehend the subtleties of arbitration operations before emigration into the United States.
Mayer, owner of a brokerage company in New York on Wall Street, put the young Soros to work in the department of international arbitration.
In 1956, the purpose of the novice trader was the earnings of half a million dollars. Working on the Arbitration of State Bonds, he came up with "internal arbitration" - buying warrants and bonds against the sale of shares of "local" enterprises that are preparing for additional compliance until this event.
With these ideas of internal and external arbitration, the future outstanding investor was in the investment company Wertheim & Co, which after the death of senior partners in 1950 reoriented its business from investment and consulting services (real estate objects) on analytics and speculation with shares.
Having learned over the 14 years to develop economic forecasts, building curves and noting the plots of real market movements, which do not coincide with the forecast, George Soros highlighted them as the cycles "good rise cycles and vicious recess cycles".
Putting the latest point in the tests of the reflexive strategy, in 1966 the financier opens an investment fund with a capital of 100,000 US dollars. Making a name in 1969, becoming a co-founder of the Double Eagle hedge fund, Soros introduces $ 250,000 to four million funds of investors. This fund, "discerning" to 12 million, lay down the basis of the long-term cooperation of George Soros and Jim Rogers.
Personal Fund Soros Fund Management Investor opens in 1979. At the helm of the hedge fund, the partners of Soros and sons are alternately.
Currently, the financier retrained the Foundation to the "Family", distributing the means of co-investors, but until 2010, until the fund reporting was public, the average investment profitability was 20% (40 years).
The creation of Soros Fund Management caused a "conflict of interests". Double Eagle Hedge Foundation was affiliated with Arnhold and S.blechroeder. George Soros is forced to leave the leadership posts, offering investors Double Eagle Options on Soros Fund Management Pails, luring them to yourself.
In 1973, George Soros and partner Jim Rogers separated from Arnhold and S.blerieder, renaming the fund to Quantum. Successes on the trader's field made Soros recognizable, half of the funds of the Foundation consisted of the capital of the Rothschilds, which invested $ 6 million at the "Start".
Since 2011, the Foundation is engaged in the management of only Soros family capital, investing in stock currency and producing venture capital investments. QUANTUM financial result for 2013 is a profit of 5.3 billion US dollars. For all the time the fund listed on investors' accounts more than 40 billion US dollars.
Partners registered a hedge fund in offshores, setting a bid of a premium for managing investors in the amount of 20%. The main part of premium walked to reinvestment and increase the share of own funds.
The peak of investors who trusted Quantum came in 1981 - the capital of the Foundation was $ 400 million, after a 22% loss of funds decreased to 200 million US dollars.
In the history of trading George Soros and Quantum entered, violating the laws of the market. According to the rules, it is believed that the state or one trader cannot oppose itself to the market. No matter how much money has, the market will be able to crush the trader with any amount trading against the crowd.
According to the theory of reflexivity, the Bank of England, which joined the European currency binding system of ERM, was mistaken in the percentage rate of binding to ECU (euro predecessor). Using the duty of the Bank of England to maintain the pound of sterling in a certain corridor of maximum abnormalities from the European currency basket, Soros played in a short position, several months selling a British currency for huge amounts.
On Wednesday, September 16, 1992, the shortage of the pound reached 10 billion pounds. The United Kingdom refused to maintain interest binding to European courses and was removed from the ERM system, devaling the pound. The profits of Soros amounted to 1 billion US dollars. UK losses were estimated at 3.5 billion pounds sterling.
George Soros calls himself an atheist, unlike many ethnic Jews never helped, as it was accepted, Jewish communities and the state of Israel, despite the fact that spending for charitable purposes make up half of the state.
This fact is associated with an incident in adolescence when the Soros residing in the need was denied the help of the local Jewish community on the basis of "betrayal of faith." On the territory of the UK, young George came with fake documents, in which he was as a Christian.
The ideas of the fight against the communist regime Soros learned from the teacher of the philosophy of Karl Popper - the philosopher of the world values, the author of the labor "Open Society and his enemies" recognized by the greatest scientific book of the 20th century.
The more interesting is the fact of the presence of two options for choosing a place of study between Moscow and London. According to the financier himself, he insisted in Moscow, choosing the ideas of socialism, while his father chose London.
To work in Singer and Friedlander, according to George Soros, he was taken from pity, the managing director turned out to be a Hungarian compatriot. The companies and banks followed the refusal or humiliation of interviews. The main career of the bachelor in economics was built on a foggy albion in the positions of the commivoy and the seller of haberdashery products.
The currency speculator and the investor from the first steps in the United States perceived the opportunities for personal enrichment as a tool for earning accumulations, allowing you to return to England and do philosophy.
It so happened that the obsession with the ideas of Karl Popper helped to develop the theory of "market reflexivity", which was adapting to financial markets and became the basis of an investment strategy for life.
Malaysian Prime Minister Mahathir Mohamad openly accused the financier in the "man-makers" of the Asian crisis of the late 90s, but later, in 2000, apologized and recognized his mistake.
The investor's response to permanent crises was the creation of the INET - "Institute of New Economic Thinking" to prepare economists of new thinking. According to George Soros theory, the perception of the crisis was constantly becoming the erroneous perception of the economic reality and the action of the state economic block.
A family
George Soros was married twice and divorced, has children from different marriages.
The first marriage with Annaliz Vitchek presented two sons and daughter: Robert, Jonathan and Andrea.
The second wife, Susan, in Maiden Weber, gave birth to two sons: Alexander and Gregory.
Bibliography
This bestseller is considered "alchemy finance", re-delivered several times. In this book, the financier reflected the essence of the theory of investment.
"The soap bubble of American superiority. What should be able to send American power "is the echo controversy with a white house.
Throughout his life, the financier and the failed philosopher cherished the dream about the implementation of the ideas of teacher Karl Popper. "Open Society. Reforming global capitalism "is reflections and protection of ideas and a matter of life.
George Soros (Eng. George Soros, Weng. Soros György), real last name - Schwartz. Born on August 12, 1930 in Budapest. American financier, investor. Supporter of the theory of an open society and the opponent of "market fundamentalism" (in this direction close to the social ideas of Karl Popper). The creator of a network of charitable organizations, known as the Soros Foundation. Member of the Executive Committee of the International CRISIS GROUP.
Its activity causes ambiguous assessment in different countries and various circles of society. Often it is called financial speculators, as well as a supporter of the legalization of marijuana for medical purposes. It is considered "a person who ruined the Bank of England", on his behalf, the scientific term "SOROS" is formed to designate large speculators that launch currency crises for "profit and pleasure" (Paul Krugman, 1996).
Born in a Jewish family of medium wealth. His father, Tivar Schwartz, was a lawyer, a prominent leader of the Jewish community of the city, an Esperanto specialist and an Esperantist writer. In 1936, the family changed its name for the Hungarian version of the Shorosh (Soros). Elder brother - engineer, entrepreneur and philanthropist Gender Soros (1926-2013).
In 1947, Soros moved to England, where he entered the London School of Economics and Political Sciences and successfully graduated from her in three years. He lectured the Austrian philosopher Karl Popper, who had a great influence on him, the ideological follower of which he became. In England, found work on a haberdashery factory, and then turned into a community, but did not leave job search in the bank. In 1953 received a place in Singer and Friedlander. Work and at the same time an internship took place in the arbitration department, which was near the stock exchange.
By 1956, the beginning of the Career of Soros in the field of financier. He arrived in New York at the invitation of the father of his London friend, a kind of Mayer who had his small brokerage firm on Wall Street. Career in the US began with international arbitration, that is, buying securities in one country and sell them to another. Soros created a new trading method, calling it internal arbitration - sale separately combined securities of shares, bonds and warrants before they could be officially separated from each other. In 1963, Kennedy introduced an additional fee for foreign investment, and Soros closed his business. By 1967, he served as Head of Research in Arnhold and S. Bleichroeder, a famous brokerage company specializing in European stock markets.
In 1969, Soros becomes the leader and co-owner of the Double Eagle Foundation, which emerged later in the famous qUANTUM Foundation. Soros called the Foundation in honor of Charles Heisenberg, German Physics-theorient, one of the creators of quantum mechanics, and its principle of uncertainty. The fund carried out speculative operations with securities with varying success.
It is believed that on a sharp drop in the English pound against the German brand on September 16, 1992, Soros earned more than a billion dollars a day. Soros began to call this day, known as the "Black Wednesday" - "White Medium", and he himself is noted as "a man who broke the Bank of England", although his role in the fall of the pound is clearly exaggerated.
After that, the "black stripe" began in Soros's life. In 1997, he together with Potanin created an Offshore Mustcom, which was paid for 25% of Svyazinvest OJSC for 25% billion, but after the 1998 crisis, the stock price fell more than twice. Soros in the hearts called this purchase "the worst investment of money for life." After long attempts in 2004, he sold the shares of Svyazinvest OJSC for $ 625 million, headed by Leonard Blavatnik - part-time by the TNK-BP shareholder. At the end of 2006, Blavatnik sold the Blockpocket for $ 1.3 billion of Komstar-UTS company, which is part of the Sistema AFC.
Gradually, Soros depart from financial speculations and declares charitable activities, including in the field of education and research. Speakers with statements about the need and usefulness of restrictions in the financial sector, including to reduce the investment opportunities of large financial structures.
On July 26, 2011, made a statement on the closure of his investment fund and returning to third-party depositors of their investment in the amount of about one billion dollars. Depositors were informed about this decision of the Foundation Chapter with a special letter. As Soros said on the same day, - starting next year, he will be engaged in the increase in only the personal capital and means of his family. Deputy Chairman of the Board of the Fund, Son Soros Jonathan and Robert explained that the decision to close the Fund is associated with changes in the US law, which are developed within the framework of the US financial reform. We are talking about the new Law of Dodda - Frank, known by his developers - Congressmen of Chris Dodda and Barney Frank (English Barney Frank), which imposes a number of significant restrictions on hedge funds: until March 2012, all operating on the territory of the country hedge funds Must be required to register with the US Securities and Exchange Commission, as well as hedge funds imputed to the duty to disclose all information about their investors, assets, investment policies, as well as possible conflicts of interest.
In September 2013, he married the third time, his chosen was the 42-year-old Tamiko Bolton, they met five years ago, and in August they announced the engagement.
Famous became after the "black environment" on September 16, 1992 - a day of a significant fall in the cost of pound sterling relative to the German brand. It is believed that in one day its profit amounted to more than a billion dollars. It is known that on the eve Soros talked with Helmut Schlesinger, President of Bundesbank, and found out the intentions of Germany, which allowed him to act more confidently.
The main speculations in the global financial markets carried out through the Quantum Fund NV hedge fund, registered on the Caribbean Island owned by the Netherlands due to offshore conditions. This is the largest fund inside the QUANTUM GROUP OF FUNDS controlled by Soros.
There are two main points of view regarding the financial success of SOROS. According to the first point of view, Soros is obliged to the gift of financial foresight. Another says that in making important decisions SOROS uses insider information provided by high-ranking individuals from the political and financial circles of the largest countries of the world.
Soros himself tried to explain the grandiose success with the use of his theory of the reflexivity of stock markets, according to which the decisions on purchases and sales of securities are made on the basis of price expectations in the future, and since expectations are a category psychological, it may be an informational object. Attack on the currency of any country consists of consecutive information strikes through the media and analytical publications, combined with real actions of currency speculators, separating the financial market.
In 2002, the Paris court recognized George Soros guilty of obtaining confidential information in order to extract profits and sentenced to a fine of 2.2 million euros. According to the court, thanks to this information, the millionaire earned about $ 2 million on the shares of the French bank Societe Generale. Subsequently, the penalty was reduced to 0.9 million euros. Soros appealed to the European Court of Human Rights, but in 2011 he did not see the condemnation of violations, four voices against three.
In the political area showed itself as a sponsor and an influential lobbyist. He played an important role in the fall of communist regimes in Eastern Europe during the "velvet" revolutions of 1989. He played a prominent role in the preparation and holding of the Georgian "Rose Revolution" of 2003, although Soros himself argued that his role was extremely exaggerated by the press.
Mikhail Kasyanov recalled how in obtaining Russia's support for IMF in the difficult situation of 1998, on August 13, "George Soros made a statement that Russia needs devaluation and that the IMF underestimates all the seriousness of the problem. The market opened and immediately "died." The next day, on Friday, the president swore that the devaluation would not be ... ".
In the United States showed great activity during the 2004 presidential campaign, since he considered Bush's politician dangerous for the United States and the world. He spent $ 27 million to promote changes in American politics. Since 2005, it has contributed to the creation and financing of the Democratic Alliance (Democracy Alliance) - an organization that unites and guide American progressors inside the Democratic Party. Soros will support Hillary Clinton's candidacy in the US presidential elections in 2016.
It is considered one of the main sponsors of the campaigns for reforms in the legislative regulation of drug circulation, including movement for the legalization of marijuana and the decreeminalization of drug use. In his opinion, the legalization of marijuana will simultaneously increase the budget revenues and reduce the number of crimes that accompany drug trafficking.
From 1994 to 2014, Soros sacrificed about $ 200 million to support reforms in this industry. The largest recipient of his donations is the alliance on drug policies. In 2007, sent 400 thousand dollars to support the passage in the Senate and the Chamber of Representatives of Massachusetts Act on liberalization and mitigating punishments for possession and consumption of marijuana), in 2008 this law was adopted. In 2010, Soros sacrificed $ 1 million for a similar initiative in California, but the referendum ended with its deviation.
In early January 2015, Soros spoke with a call to provide urgent financial assistance in the amount of 20 billion euros to support the "warring party". "German Economic News" quote Soros, who said that "Russia's attack on Ukraine is a direct attack on the EU and its principles."
George Soros. (Weng. Soros György - Dieord Shorosh, English. George Soros, a real name - Schwartz (Schwartz)) - American trader, financier, patron, investor, philosopher. Supporter of the theory of an open society and an opponent of "market fundamentalism". The successor of the ideas of Karl Popper. Congenital Esperantist. The creator of a network of charitable organizations known as the "Soros Foundation". Member of the Executive Committee of the International CRISIS GROUP. For 2016, his condition is estimated at $ 24.9 billion.
Place of Birth. Education. Born on August 12, 1930 in Budapest, Hungary. Born in a Jewish family of medium wealth. His father Tivar Schwartz is a lawyer, an outstanding figure of the Jewish community of the city, an Esperanto specialist and an Esperantist writer. In 1936, the family changed her surname to the Hungarian Soros (Soros) version.
In 1947, Soros moved to England, where he entered the London School of Economics and Political Sciences and successfully graduated from her in three years. He lectured the Austrian philosopher Karl Popper, who had a great influence on him, the ideological follower of which he became. At the same time he worked as an assistant manager on a haberdashery factory.
Career. In 1953-1956 - Work in the company Zinger and Friedlander (Singer & Friedlander) in London.
In 1956 - moving to New York, USA.
In 1956-1963 - Broker and Financial Analyst in Wetheim & Co. Engaged in international arbitration. Founded a new trading method - internal arbitration.
In 1963-1966 - work on the philosophical dissertation "Heavy Nosa Consciousness".
In 1967, from the capital of the company ARNHOLD & S.BLEICHROEDER at $ 100 thousand. Created an investment fund with a capital of $ 4 million.
In 1969 - Head and co-owner of the Double Eagle Foundation (Double Eagle).
In 1970, he created an investment company, which later became the famous Quantuum (QUANTUM GROUP).
In 1979 - created in the United States the first charitable foundation "Open Society".
In 1984, he opened a charity foundation in Hungary.
In 1988 - organized the Foundation in the USSR "Cultural Initiative to Support Science, Culture and Education." However, soon the Foundation was closed, because money was not intended.
In 1990, he founded the Central European University in Budapest, Prague and Warsaw.
September 16, 1992 - earned a billion dollars at the fall of Pound Sterling, because of which he received the nickname "The man who ruined the Bank of England."
In 1995, the capital of the Fund Group of Funds quantum was assessed by more than $ 10 billion, and the size of the personal income of Soros was approximately a third of this amount.
In 1997, during the economic crisis of a number of countries of the Asia-Pacific region: Malaysia, Indonesia, Singapore and the Philippines Malaysian Prime Minister Mahathir Mohamad accused George Soros in the attack on the currencies of Asian countries. Soros shall accusations and shifted responsibility to the state financial structures of Asian countries in which the loans grew too quickly.
In 2000 - the fall of the NASDAQ index caused Soros of damage in the amount of almost $ 3 billion. After that, Quantum was reorganized and the transition to a less risk strategy was proclaimed.
In 2002, the Paris court recognized Soros guilty of profit due to the knowledge of confidential information (insider). According to the court, thanks to this information, the millionaire earned about $ 2 million on the shares of the French bank Société Générale. Sentenced to a fine of 2.2 million euros.
In 2006 - ranks 27th in the list of the richest US people. Its income according to Forbes magazine is estimated at $ 8.7 billion.
He is an honorary doctor of a new school of social research (New York), Oxford and Yale Universities.
Financier. In 1956 he moved to the United States, created an international investment fund, which began to bring profit to him. Today, he heads the Foundation, which bears his name.
Philanthropist. The first fund - the Open Society Foundation - Soros founded in New York in 1979, the First Eastern European Foundation - in Hungary in 1984. Today, he finances a network of funds working in 31 countries of Central and Eastern Europe and the former Soviet Union, as well as in South Africa, Haiti and the United States. The activities of the funds are aimed at developing and supporting the infrastructure of an open society. In Ukraine, the Sorosovsky International Revival Foundation was established.
Today, the Soros Foundations network covers more than 100 countries in Eastern Europe, the former USSR, Africa, Latin America and the United States. These funds are aimed at creating and supporting the infrastructure and institutions of an open society. In 1992, he founded the Central University with the student town in Budapest. Every year, a network of Soros Foundations spends approximately $ 400 million to support projects in the field of education, health, civil society development, etc.
Soros and Ukraine. On June 17, 2014, a meeting of the President of Ukraine with Soros was held, which, through his Revival Foundation, initiated the creation of a strategic group of advisers to help the Ukrainian authorities in conducting reforms and informed the head of state to prepare a strategic reform plan for Ukraine.
Resolutely supports the support of Ukraine and the United States.
In 2015, Soros stayed in Ukraine for six days and in a conversation with journalists stated that he was not in one country in which his foundation works, he was not so long. In addition, he said that he intends to engage in stimulating Ukrainian immigrants to do business.
On May 14, 1995 he was elected by a foreign member of the National Academy of Sciences of Ukraine in the specialty Economics, Finance.
November 12, 2015 was awarded the Order of Freedom - for significant personal merits in strengthening the international authority of the Ukrainian state, a significant contribution to the implementation of socio-economic reforms, long-term fruitful charitable activities.
Books. Author of numerous articles and books: "Age of mistakes: the consequences of war with terrorism" (The War On Terror (Publicaffairs, July 2006), "American Benefits", "George Soros about globalization" (2002 ), "Alchemy Finance" (1987), "Opening Soviet System" (1990), "Providing democracy" (1991), "Soros about Soros": the vision of development processes "(1995)," Crisis of Global Capitalism: Open Society in danger "(1998)," Open Society: Reforming Global Capitalism "(2000). In 2011, a collection of his lectures" Lectures at the Central European University "(K.: Spirit and Letter, 2011) was published in the Ukrainian language. His articles and Essays about politics, society and economics are regularly printed in leading newspapers and magazines in the world.
A family. Twice divorced. Soros has three children from the first marriage and two from the second: Robert, Andrea, Jonathan (from the first wife analyzing Vitchak), Alexander and Gregory (from the second wife Susan Weber Soros).
Loading...
