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Home India News George Soros: All You Need To Know About Billionaire And What He Said On PM Modi A

George Soros: All You Need To Know About

A

Billionaire And What He Said On PM Modi

The government today slammed billionaire philanthropist George Soros over his remarks criticising
Prime Minister Narendra Modi and raising questions on Hinderberg Research's report on industrialist
A
Gautam Adani's empire.
India News Edited by Amit Chaturvedi Updated: February 17, 2023 2:04 pm IST

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"Attack On India":
Government On
Billionaire George
Soros's PM Remarks A

Who Is George Soros

And What Did He Say
On PM Modi? 10
Points

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George Soros is a Hungarian-American businessman.

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The government today slammed billionaire philanthropist George Soros over his

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remarks criticising Prime Minister Narendra Modi and raising questions on
Marriage - "Failed To Hinderberg Research's report on industrialist Gautam Adani's empire.
Stop Her From
Dancing In Court"

Here are 10 points on George Soros:

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1 The 92-year-old philanthropist is one of the wealthiest men in the
Home: Report world. He was born into a prosperous Jewish family that left Hungary
(when he was 17) when the Nazis arrived, according to Encyclopaedia
Britannica. In 1947, they reached London, where Mr Soros studied
philosophy at the London School of Economics.

2 After his studies, he joined the London merchant bank Singer &
Friedlander. In 1956, Mr Soros moved to New York, where he worked
initially as an analyst of European securities, as per Encyclopaedia
Britannica.

3 Mr Soros made his mark in the financial world by making bold

investment decisions after establishing a hedge fund in 1973. He
managed client money from 1969 to 2011. As per Forbes, Mr Soros
shorted the British pound and reportedly made a profit of $1 billion. He
became known as the man who broke the Bank of England, the outlet
further said.

4 Bloomberg said Mr Soros has a net worth of $8.5 billion and is the
founder of Open Society Foundations, which gives grants to groups
and individuals that promote democracy, transparency and freedom of
speech.
. 5 After the end of the Cold War, Mr Soros established these foundations
in Czechoslovakia, Poland, Russia, and Yugoslavia. By the beginning of
this century, these Open Society Foundations were active in more than
70 countries. He has also been involved in political activism, and
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6 Mr Soros
this website followsmade the
the dnpa comments
code of ethics that have infuriated
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ndtv convergence limited 2023. all rights reserved.

during a speech ahead of the Munich security conference. He

highlighted the recent Adani Group crisis and said PM Modi "has to
answer questions" from foreign investors and Parliament on
allegations of fraud and stock manipulation against the billionaire's
companies.

7 He also said that the this will "significantly weaken Modi's stranglehold
on India's federal government" and open the door to push for much-
needed institutional reforms. “I may be naive, but I expect a democratic
revival in India," said Mr Soros.

8 Union minister Smriti Irani called it an "attack on India that would not
be tolerated” and called upon Indians to unitedly respond to "foreign
powers who try to intervene in India's democratic processes". She also
called the billionaire a "designated economic war criminal".

9 The opposition has been targeting the BJP-led government at the

Centre, accusing it of favouritism and crony capitalism. They had even
raised the issue during the budget session of Parliament demanding a
joint parliamentary committee probe. Union Home Minister Amit Shah
had said in an interview with news agency ANI that there is nothing "for
the BJP to hide or be afraid of".

10 The ports-to-energy Adani Group - controlled by billionaire Gautam

Adani, one of the world's richest people - has seen shares in its seven
companies lose billions in market value since the January 24 report by
US-based short-seller Hindenburg Research, which accused it of
improper use of offshore tax havens and stock manipulation. Mr Adani
has strongly denied the charges, calling it a "maliciously mischievous"
reputational attack.

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks

Limited, an Adani Group Company.)

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