Who is George Soros? - BBC News
Summary
TLDRGeorge Soros, a billionaire philanthropist and speculator, is known for his significant financial maneuvers, such as 'breaking' the Bank of England. He has donated to pro-remain groups in Brexit and supports various political figures like Hillary Clinton and Barack Obama. His charity, Open Society Foundations, has donated $32 billion to promote vibrant and tolerant democracies. Despite his philanthropy, he faces criticism and conspiracy theories, especially from his native Hungary's government, which has enacted 'Stop Soros' laws against him.
Takeaways
- 💵 George Soros amassed around a billion dollars, earning the title of 'the greatest speculator'.
- 🏦 He is famously known for 'breaking the Bank of England'.
- 🗳️ Soros has been a significant political donor, supporting figures like Hillary Clinton and Barack Obama.
- 💸 In the 1980s, he played a role in undermining Hungary's communist regime.
- 🌍 His charity, Open Society Foundations, has donated over 32 billion dollars towards building vibrant and tolerant democracies.
- 🚫 His support for refugees in Europe has been controversial, with his own Hungarian government showing hostility towards him.
- 💣 He was the first target in a mail bombing campaign aimed at opponents of President Trump.
- 📰 He is often at the center of conspiracy theories on social media, many of which are anti-Semitic.
- 👶 Born as Gog Schwartz, Soros grew up in a Jewish family in 1930s Budapest and learned survival skills from his father.
- 💼 His experiences during the Nazi occupation and fleeing communism influenced his later career as a fund manager.
- 📉 In 1992, Soros earned his reputation as a ruthless financier during the Black Wednesday crisis by short-selling the British pound.
Q & A
Who is George Soros?
-George Soros is a billionaire investor, philanthropist, and known as 'the man who broke the Bank of England' due to his significant role in the 1992 Black Wednesday crisis.
What is George Soros known for in the financial world?
-George Soros is renowned for short-selling the British pound during the 1992 Black Wednesday crisis, which resulted in him making about a billion dollars and the UK government losing approximately 5.5 billion dollars.
What is the name of George Soros' charity?
-George Soros' charity is called the Open Society Foundations, which has donated 32 billion dollars towards building vibrant and tolerant democracies.
How much money has George Soros donated to pro-remain groups in the UK?
-George Soros has donated about 800,000 pounds to pro-remain groups in the UK, specifically to Best for Britain, to help launch their campaign for a second EU referendum.
What is the Hungarian government's stance on George Soros?
-The Hungarian government is openly hostile towards George Soros, having implemented legislation named 'Stop Soros' which requires organizations supporting illegal immigration to be registered.
What was George Soros' childhood like?
-George Soros grew up in a Jewish family in 1930s Budapest, survived the Nazi occupation by posing as a relative of a government official, and later fled the communist regime in Hungary to England at the age of 17.
How did George Soros' childhood experiences influence his later life?
-Soros learned survival skills from his father during his childhood, which he credits for his risk-taking and survival instincts as a fund manager.
What is the main goal of the Open Society Foundations?
-The main goal of the Open Society Foundations is to support the building of vibrant and tolerant democracies around the world.
How does George Soros view his impact on the Bank of England during Black Wednesday?
-George Soros states that his impact has been overstated, and he did not break the Bank of England. He claims it was the market that broke it, and he was just leading the charge.
What is the 'Stop Soros' legislation?
-The 'Stop Soros' legislation is a Hungarian law that targets organizations supporting illegal immigration by requiring them to be registered.
Why is George Soros a controversial figure?
-George Soros is a controversial figure due to his significant financial dealings, political donations, and philanthropic efforts, which have led to him being both admired and criticized, and often the subject of conspiracy theories.
Outlines
💵 George Soros: The Billionaire Philanthropist and Investor
George Soros, a Hungarian-American investor and philanthropist, is known for amassing a fortune estimated at around a billion dollars. He is often in the news and has been labeled as a key figure in Brexit, donating £800,000 to the Best for Britain campaign advocating for a second EU referendum. Despite his unpopularity in some circles, including Twitter where he's often the subject of conspiracy theories, Soros has been a significant political donor to figures like Hillary Clinton and Barack Obama. In the 1980s, he played a role in undermining Hungary's communist regime. His charity, the Open Society Foundations, has donated $32 billion towards building vibrant and tolerant democracies. Soros's support for refugees in Europe has been controversial, with his native Hungary enacting legislation targeting organizations supporting illegal immigration, which was seen as a direct attack on him. His early life in 1930s Budapest, including surviving the Nazi occupation by assuming a false identity, has deeply influenced his values and approach to life. His investment firm, Soros Fund Management, gained notoriety during the 1992 Black Wednesday crisis when he made a billion dollars short-selling the British pound, leading to significant financial repercussions for the UK government.
📰 The Myths and Impact of George Soros
Despite being a polarizing figure, George Soros's influence extends beyond his financial prowess. The numerous false stories and conspiracy theories surrounding him reflect his significance in contemporary politics and society. His philanthropic efforts, particularly those supporting refugees and advocating for open societies, have stirred controversy and debate. The narrative around Soros is complex, with his actions and intentions often scrutinized and misinterpreted. While some view him as a force for good, others see him as interfering in international affairs. Regardless of the myths, Soros's impact on global politics and his philanthropic endeavors continue to be a topic of discussion and contention.
Mindmap
Keywords
💡George Soros
💡Speculator
💡Brexit
💡Conspiracy Theory
💡Mail Bombing Campaign
💡Open Society Foundations
💡Refugees
💡Hungarian Prime Minister Viktor Orban
💡Black Wednesday
💡Philanthropy
💡Survival
Highlights
George Soros amassed around a billion dollars by speculating.
He is known for 'breaking the Bank of England'.
Soros has donated about 800,000 pounds to pro-remain groups in Brexit.
He is a central figure in many conspiracy theories on Twitter.
Soros was falsely linked to the March for Lives movement and Central American migrants.
He was the first target in a mail bombing campaign aimed at President Trump's opponents.
Critics see Soros as interfering in international affairs.
Soros donated to Hillary Clinton and Barack Obama.
In the 1980s, Soros helped undermine Hungary's communist regime.
His charity, Open Society Foundations, has donated 32 billion dollars.
Soros' campaign supporting refugees in Europe has caused controversy.
Hungary's Prime Minister is one of Soros' fiercest critics.
Soros traces his values back to his childhood in 1930s Budapest.
He survived the Nazis by posing as a relative of a government official.
Soros fled Hungary's communist regime to England at age 17.
He set up Soros Fund Management in 1970.
Soros earned his reputation in the 1992 Black Wednesday crisis by short-selling the pound.
He claims his impact has been overstated and it was the market that broke the Bank of England.
Soros established the Open Society Foundation to improve democratic institutions.
The false stories about Soros prove his importance as much as the real ones.
Transcripts
george hareesh public and Lawrence
Olaf's the greatest speculator Saros
amassed around a billion dollars the man
who broke the Bank of England the name
George Soros crops up in the news a lot
he's called brexit in a mentally
damaging process and has given about
800,000 pounds to pro remain group best
for britain helping to launch their
campaign for a second referendum on EU
membership
he's pretty unpopular in certain corners
of Twitter where he's at the center of
just about every conspiracy theory many
of them anti-semitic
he was also falsely linked to the March
for lives movement following the
Parkland shooting in Florida as well as
to the Central American migrants our van
heading to Mexico and the US
the liberal businessman was the first
target in a mail bombing campaign aimed
at opponents of President Trump George
Soros his critics see him as interfering
in international affairs he donated to
both Hillary Clinton and Barack Obama
and in the 1980s he helped undermine
Hungary's communist regime right before
much of services global reaches to his
charity Open Society Foundations which
is donated 32 billion dollars - he says
he founded the charity to build vibrant
and tolerant democracies George Soros
his campaign of support for refugees in
Europe has caused quite a stir his own
Hungarian government put their hostility
towards him on display here organisation
of supporting illegal immigration must
now be registered the name the
government gave to this legislation
stopped Soros Hungary's Prime Minister's
one of Soros his fiercest critics when
the murder of a journalist in
neighboring Slovakia prompted
anti-government protests there this is
how Viktor Orban responding
so the audition was a loose end as a
technical Guyot get on okay the know a
crosswalk assuming I can pass the chin
chance Ketchum O'Farrell hozier G so
we're at it we could recommend and Mac
test McMillan or comet maker God knock
we just got a comic book shock George
Soros traces his values back to his
childhood born GOG Schwartz he grew up
in a Jewish family in 1930s Budapest I
learned the art of survival from a
grandmaster and that was my father that
has certainly left its mark on me his
parents changed their surname to Soros
to avoid persecution my father arranged
for us to take false identity Soros aged
just 14 survived by posing as a relative
of a government official and during this
time he witnessed the man confiscating
property from his fellow Jews Soros
survived the Nazis but when Hungary
became a communist state he fled the
regime to England age 17 it has
influenced me as a fund manager because
I took risk but I also learned how to
survive in 1970 he set up Soros Fund
Management but it was in the 1992 Black
Wednesday crisis that George Soros
earned his reputation as a ruthless
financier this came about when
speculators put pressure on the pound
causing it to crash
Saurus made about 1 billion dollars by
short-selling britain's currency the
government lost about 5.5 billion
dollars and the pound was forced out of
the European Exchange Rate Mechanism I
did it in order to make a profit sure
and to expect market participants to be
concerned about the social consequences
of their action it's putting the
emphasis in the wrong he says his impact
has been overstated my power is greatly
overestimated I really did not break the
Bank of England it was the market that
broke it
I was just leading the charge I set up
the open society foundation in order to
improve the democratic institutions
under which we live whether or not he's
seen as a force for good with the
visions and politics as deep as ever the
false stories following George Soros can
prove his important as the real ones
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