The liberal billionaire George Soros responded to a recent Hindenburg Research report on the Adani Group and criticised Prime Minister Narendra Modi for failing to address the matter.

Who is the billionaire investor and adversary of Prime Minister Narendra Modi named George Soros?

The liberal billionaire George Soros responded to a recent Hindenburg Research report on the Adani Group and criticised Prime Minister Narendra Modi for failing to address the matter.

The remarks of billionaire investor George Soros on a recent analysis by short seller Hindenburg Research on the Adani Group and Gautam Adani's connections to Prime Minister Narendra  Modi have made headlines.

 

Soros stated, according to a Bloomberg story, "Modi is silent on the matter, but he will have to respond to inquiries from foreign investors and in parliament." This will make it much easier to press for urgent institutional reforms and dramatically weaken Modi's grip on India's federal government. Before the Munich Security Conference, the multibillionaire investor declared, "I may be foolish, but I predict a democratic renaissance in India.

In response to Soros' comments, the Bharatiya Janata Party (BJP) has already spoken out. According to news agency PTI, Union Minister Smriti Irani described Soros' statement as a "vow to destroy India's democratic processes" and stated that PM Modi was "standing between the war being mounted against India and the country's interest."

 

George Soros: who is he?

 

Hungarian-American financier, hedge fund manager, short seller, and philanthropist George Soros is worth $1 billion.

He was born in Hungary in 1930 to a wealthy Jewish family. As anti-Semitism rose in Hungary and culminated with Nazi takeover, his family changed their name from "Schwartz" to "Soros" to conceal their Jewish identity. His family bought fake identification documents to go through the Holocaust.

 

In a later statement, the millionaire recounted how "instead of accepting our fate, we opposed an evil force that was more greater than we were—yet we overcame. We not only made it through, but we also were able to assist others.

He was born in Hungary in 1930 to a wealthy Jewish family. As anti-Semitism rose in Hungary and culminated with Nazi takeover, his family changed their name from "Schwartz" to "Soros" to conceal their Jewish identity. His family bought fake identification documents to go through the Holocaust.

 

In a later statement, the millionaire recounted how "instead of accepting our fate, we opposed an evil force that was more greater than we were—yet we overcame. We not only made it through, but we also were able to assist others.

During the War, as the Communists strengthened their hold on Hungary, Soros emigrated to England, where he attended the London School of Economics and earned a degree before starting a career in investment banking. In 1969, he established Double Eagle, his first hedge fund. He established Soros Fund Management in 1973 and went on to become one of the most prosperous investors in American history.

He made a $1 billion profit during the 1992 Black Wednesday UK currency crisis by short selling $10 billion worth of pounds sterling, earning him the nickname "The Man Who Broke the Bank of England."

"The most generous giver" is George Soros.

 

The Open Society Foundations, "a network of foundations, partners, and projects in more than 100 countries," was founded by him using his riches. Karl Popper, an LSE professor, makes the case in his book Open Society and Its Enemies that "societies can only flourish when they allow for democratic governance, freedom of expression, and respect for individual rights," which is the ostensible core of the Open Society Foundations' message. This is the source of inspiration for Soros' philanthropy.

His website claims that "he has given away more than $ 32 billion of his personal fortune" to support the global initiatives of the Open Society Foundations. Because of this, Soros was dubbed "the most generous giver" by Forbes in 2020 based on the percentage of money donated — he is said to have donated more than 64% of his initial income.

According to his website, "Under his guidance, the Open Society Foundations have supported people and groups fighting for free speech, transparent politics, and societies that uphold justice and equality all across the world." Over the years, Soros' philanthropy has tackled a variety of concerns, from establishing academic ties with Communist Hungary and giving scholarships to black South Africans under the apartheid to supporting medical marijuana and same-sex unions.

Notably, George Soros has previously criticised Prime Minister Modi. "The biggest and most frightening setback occurred in India where a democratically elected Narendra Modi is creating a Hindu nationalist state, imposing punitive measures on Kashmir, a semi-autonomous Muslim region, and threatening to deprive millions of Muslims of their citizenship," Soros had said in 2020 when discussing the "frightening rise of nationalism in India."

Soros, a self-described liberal, has consistently opposed "repressive regimes" around the globe. "The biggest failing of dictatorships is that they don't know when or how to cease being oppressive when they succeed. The checks and balances that give democracies some degree of stability are absent from them. The result is an uprising of the oppressed. In 2020, Soros stated, "We see this happening today all over the world.