George Soros

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George Soros
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Chairman of Soros Fund Management and the Open Society Foundations
Prior offices
Council on Foreign Relations Board of Directors former member
Date of birthAugust 12, 1930
Place of birthBudapest, Hungary
ProfessionFinancial speculator, stock investor, philanthropist and political activist
George Soros, (born August 12, 1930 in Budapest, Hungary) is a financial speculator, stock investor, philanthropist and political activist.[1]

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.[2]

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."[3]




  • Approveda Ohio Minimum Wage Initiative (2006). Soros gave $110,000 to the pro-committee.
  • Defeatedd 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.[5]

His insider trading conviction was upheld by the highest court in France on June 14, 2006.[6] 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.[7]

Recent news

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