Philanthropist Paul Soros, innovator in shipping, dies at age of 87
Philanthropist Paul Soros, a successful innovator in shipping and the older brother of billionaire financier George Soros, has died in New York after a long bout with a host of illnesses, his son Peter Soros said. He was 87.
Paul Soros 1926-2013
Philanthropist Paul Soros, a successful innovator in shipping and the older brother of billionaire financier George Soros, has died in New York after a long bout with a host of illnesses, his son Peter Soros said. He was 87.
Soros, an engineer, founded Soros Associates, a world leader in the design and development of bulk handling and port facilities. The company operates in 91 countries. Soros also held a number of patents and wrote more than 100 technical articles on the transport of materials and related shipping design issues.
"His genius, which was really reflected in his work, was really a function of seeing what everyone was seeing and finding new ways to solve interesting problems," Peter Soros said.
Soros drew on his immigrant biography in establishing with his wife the Paul & Daisy Soros Fellowships for New Americans in 1997. The foundation's US$75 million endowment funds graduate education for immigrants and the children of immigrants.
Soros was born Paul Schwartz in Hungary in 1926. His father changed the family name to Soros a decade later, in response to growing anti-Semitism.