|Chairman of Soros Fund Management and the Open Society Foundations|
|Council on Foreign Relations Board of Directors former member|
|Date of birth||August 12, 1930|
|Place of birth||Budapest, Hungary|
|Profession||Financial speculator, stock investor, philanthropist and political activist|
Currently, he is the chairman of Soros Fund Management and the Open Society Foundations and is also a former member of the Board of Directors of the Council on Foreign Relations.
Soros is famously known for "breaking the Bank of England" on Black Wednesday in 1992. With an estimated net worth of $9 billion, he is ranked by Forbes as the 97th-richest person in the world.
Ballot initiative activism
A profile in the Phoenix New Times in 2000 said, "Business tycoons George Soros, John Sperling and Peter Lewis use the initiative process as their own private laboratory, funding campaigns around the country -- including Arizona's two medical marijuana initiatives -- to the tune of millions."
- California Proposition 27, Elimination of Citizen Redistricting Commission (2010), $100,000 as of October 11, 2010.
- California Proposition 5 (2008), $1,400,000 as of September 6, 2008.
- California Proposition 82 (2006), $25,000 in support.
- California Proposition 66 (2004), $500,000 in support.
- California Proposition 36 (2000), $1,193,005 in support.
- Massachusetts Sensible Marijuana Policy Initiative (2008), $400,000 through May 2008.
- Ohio Minimum Wage Initiative (2006). Soros gave $110,000 to the pro-committee.
- Ohio Issue 4 (2005). Soros gave $300,000 to a campaign committee seeking to pass a ballot measure to re-structure how Ohio residents define state legislative districts. The measure lost, with 33% in favor.
Insider trading charges
In 1988, he was asked to join a takeover attempt of the French bank Société Générale. He declined to participate in the bid, but did later buy a number of shares in the company. French authorities began an investigation in 1989, and in 2002 a French court ruled that it was insider trading as defined under French securities laws and fined him $2 million which was the amount that he made using the insider information.
Punitive damages were not sought because of the delay in bringing the case to trial. Soros denied any wrongdoing and said news of the takeover was public knowledge.
His insider trading conviction was upheld by the highest court in France on June 14, 2006. In December, 2006 he appealled to the European Court of Human Rights, claiming that the 14 year delay in bringing the case to trial precluded a fair hearing.
This section displays the most recent stories in a Google news search for the terms "George Soros."
- Some of the stories below may not be relevant to this page due to the nature of Google's news search engine.
- Ballot Initiative Strategy Center
- America Coming Together
- Ralph Nader v. Democratic National Committee
- Secretary of State Project
- George Soros official site and blog
- Open Society Institute and Soros Foundations Network
- George Soros' Political Campaign Contributions
- George Soros's current stock holdings
- "Turning Dollars into Change," Time Magazine, September 1, 1997
- Forbes List of Billionaires, March 2008
- Phoenix New Times, "Autograph Hound," April 13, 2000
- This list is not complete.
- David Brancaccio interviews George Soros, Now, PBS, September 12, 2003, accessed Feb. 8, 2007.
- Insider trading conviction of Soros is upheld (International Herald Tribune) (dead link)
- Soros appeals conviction for insider trading, Billionaire takes French conviction to European court (International Herald Tribune)December 14, 2006