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The fund had at that time averaged over 20% per year compound returns. It was later renamed the Quantum Fund, after the physical theory of quantum mechanics. By that time the value of the fund had grown to $12m, only a small proportion of which mr.bet 10€ was Soros’s own money. He and Jim Rogers reinvested their returns from the fund, and also a large part of their 20% performance fees, thereby expanding their stake. From 1963 to 1973, Soros’s experience as a vice president at Arnhold and S.

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• Born in Budapest, Soros survived the German occupation of Hungary and moved to the United Kingdom in 1947.
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On November 11, 2003, in an interview with The Washington Post, Soros said that removing President George W. Bush from office was the “central focus of my life” and “a matter of life and death”. He said he would sacrifice his entire fortune to defeat Bush “if someone guaranteed it”. Soros gave $3 million to the Center for American Progress, $2.5 million to MoveOn.org, and $20 million to America Coming Together. These groups worked to support Democrats in the 2004 election. Soros argues that the current system of financial speculation undermines healthy economic development in many underdeveloped countries.

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Most of these books were published with funds donated by Soros’s charities. In January 2016, at an economic forum in Sri Lanka, Soros predicted a financial crisis akin to 2008 based on the state of the global currency, stock and commodity markets as well as the sinking Chinese yuan. Although the primary manifestation of the reflexive process that Soros discusses is its effects in the financial markets, he has also explored its effects in politics. He has stated that whereas the greatest threats to the “open society” in the past were from communism and fascism , the largest current threat is from market fundamentalism.

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His mother Erzsébet came from a family that owned a thriving silk shop. His father Tivadar (also known as Teodoro Ŝvarc) was a lawyer and a well-known Esperanto-speaker who edited the Esperanto literary magazine Literatura Mondo and raised his son to speak the language. Tivadar had also been a prisoner of war during and after World War I until he escaped from Russia and rejoined his family in Budapest.

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Soros has also funded similar measures in California, Alaska, Oregon, Washington, Colorado, Nevada and Maine. Among the drug decriminalization groups that have received funding from Soros are the Lindesmith Center and Drug Policy Foundation. According to the Heritage Foundation, the letter expressed specific concern about Soros’ influence on Macedonian politics, a concern which has also been expressed by members of the conservative Macedonian government. In the same context, the conservative group Judicial Watch has filed a Freedom of Information Act lawsuit against the U.S. Department of State and USAID compelling them to release records regarding $5 million transferred from USAID to Soros’ Open Society branch in Macedonia.

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