Money On the 90th birthday of George Soros: How the star investor and benefactor became an enemy

11:45  12 august  2020
11:45  12 august  2020 Source:   tagesspiegel.de

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George Soros , Hon FBA (born Schwartz György; August 12, 1930) is a Hungarian-American billionaire investor and philanthropist. As of May 2020, he had a net worth of .3 billion, having donated more than billion to the Open Society Foundations.

How George Soros Made His Money. In his early life, Soros worked part time as a railway porter and nightclub waiter while studying at Soros bases much of his financial acumen on the philosophy of reflexivity, which measures objective reality with subjective reactions in order to gauge market behavior.

George Soros earned billions and donated a lot of money, today he is 90. For Donald Trump he is considered an enemy. How it came about.

George Soros ist US-Milliardär und Philanthrop. © Photo: dpa George Soros is a US billionaire and philanthropist.

He brought the Bank of England to its knees, asked Germany to leave the euro and warned the world about Donald Trump. George Soros, the old master among financial speculators , turns 90 this Wednesday. The star investor is considered to be one of the most successful but also most controversial figures in the financial world. As a ripped off investment strategist, he speculated on a grand scale against entire economies, and as a philanthropist he donated immense sums. And again and again he interferes in political discussions.

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George Soros , chairman, Soros Fund Management. The billionaire has wielded extensive political influence through the charitable organization he controls. Apart from the ease with which the Soros group's computer system was breached, what we're learning so far fills in the troubling details of how

Because Soros grew to prominence on the U.S. political scene when he spent more than million trying to defeat President Bush in the 2004 If you win all of your seats 90 percent to 10 percent, and the other guy wins all of his seats 52 percent to 48 percent, you can win the national popular vote by a

The hedge fund manager, born in Budapest in 1930, who first emigrated to Great Britain in 1947 and to the USA in 1956, polarized during the euro crisis with the suggestion that Germany and not highly indebted Greece should leave the currency area. “Europe is saving itself instead of doing something for growth”, Soros exclaimed at the time. The "bureaucrats at the Bundesbank" with their obsession with stability and order are to blame.

In the past few years, Soros spoke to with warning calls against nationalist tendencies for word . For example, he had no good hair on US President Trump and China's President Xi Jinping. The two tried to stretch their power to the limit and beyond. "President Trump is a fraud and the ultimate narcissist who wants the world to revolve around him," said Soros in January 2020 at the World Economic Forum in Davos.

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George Soros , the billionaire investor , has denounced a campaign waged against him by the Hungarian government, accusing Viktor Orban, the prime minister, of casting him as an “external enemy ” in an attempt to mislead voters and cling to power. Mr Soros , who has allocated billions of

The philanthropist George Soros recently published a letter in the Wall Street Journal entitled, 'Why These activists who support immigrants inadvertently become part of this international Soros -backed activists are at the center of that network. Soros continues: “Our collective failure to develop and

Soros' word seldom carries weight

But even if the voice of the New York multi-billionaire is heard in public - Soros ’word seldom carries weight. Because even at an advanced age, as a retired fund manager, his image as a hardened speculator always hangs behind him. You never really know which financial bet your “advice” and opinions are currently serving. It's no wonder, given the coups on which his reputation as an investor legend is based.

In 1992, Soros successfully speculated against the British pound. He made a fortune as Britain fell under pressure from the financial markets and removed its currency from the European fixed exchange rate system. Soros made financial history as "the man who cracked the Bank of England". With his hedge funds, Soros earned fantastic returns for decades, although the methods were sometimes controversial, and not just for his currency bets.

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On the opposite end of the spectrum, Aldous Huxley laid out the infantilizing future of those societies that don’t fit the Orwellian mold in ‘Brave New World’, in which the elevation of the mindless pursuit of pleasure to the focus of life makes totalitarian repression almost beside the point, keeping citizens

Especially when it comes to Europe, Soros ’role conflicts have become clear again and again. The businessman on the hunt for returns and the age-old man of the world who wants to support governments with words and deeds - that only fits under one hat to a limited extent. On the one hand, Soros loudly considered investing in Greece or in troubled banks in the euro area. Then he emerged as a suspect that Europe could perish from individual interests and a lack of support for debtor states.

Forbes estimates his fortune at 8.6 billion dollars.

Soros himself, however, repeatedly asserts that the disdainful Mammon interests him at best marginally. Rather, the money guru, whose fortune "Forbes" recently estimated at 8.6 billion dollars (7.3 billion euros), sees himself committed to philosophy and longs to be taken seriously in this field. But so far that has not really worked out. As many books come onto the market with Soros ’sometimes quite abstract thoughts - he has not yet come close to being a speculator as an author.

On the contrary, Soros ’" theory of reflexivity ", with which he believed he could explain no less than the whole world, was rather ridiculed in specialist circles. His feverish attempt to make a name for himself as a thought leader and great theorist in the tradition of the philosopher Karl Popper, whom he greatly admired, earned him little credit. In return, the major investor, like many other super-rich in the USA, is known for his patronizing patronage.

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"Hoping your 90 th birthday , like your lifetime, is full of love from family and friends, unbridled joy, unforgettable moments “Congratulations on the celebration of your 90 th birthday ! May your days be filled with the warmth of “Happy birthday to someone who can teach a 20 year old how to be young.”

When George Soros ’s Open Society Foundations (OSF) was accused last year of funding Black Lives Matter (BLM), Ken Zimmerman, the director of U.S. programs at OSF, flatly denied it and claimed it Soros and his ilk must live in the world of George Orwell's 1984 where war is peace and peace is war.

As an American with Hungarian origins, Soros attaches great importance to his European roots. The philanthropist has been pouring out a cornucopia over Eastern Europe for decades - in the early 1990s he decided to use his wealth for humanitarian purposes in the former Eastern Bloc. Year after year Soros donates billions to various institutions and organizations.

However, this also causes a lot of suspicion: Critics do not take the charity idea from him and see Soros as a kind of gray eminence in the background who buys influence with enormous financial expenditure. There are numerous conspiracy theories on the Internet about Soros' foundations and initiatives that use right-wing populists to target him . US President Trump, for example, portrayed Soros in his 2016 election campaign as a symbol of a corrupt financial elite, although his Treasury Secretary Steven Mnuchin and Soros have a close relationship as former business partners. (dpa)

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