Shipping magnate and innovator Paul Soros dies
Paul Soros, a successful innovator in shipping, philanthropist and the older brother of billionaire financier George Soros, has died in New York aged 87.
His son Peter Soros said he died after a long bout with a host of illnesses. Paul Soros, an engineer and businessman, founded Soros Associates, a world leader in the design and development of bulk handling and port facilities with operations in 91 countries.
He also held a number of patents and wrote more than 100 technical articles on the transportation of materials and related shipping design issues.
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Hide AdHe was four years older than his brother, George, and the two became very close upon arriving in the US.
Paul Soros establishing with his wife the Paul & Daisy Soros Fellowships a $75m (£48m) endowment fund for graduate education for immigrants and their children.