- The Washington Times - Sunday, June 16, 2013

Shipping magnate Paul Soros, the older brother of billionaire financier George Soros, died in New York City on Saturday “after a long bout with a host of illnesses,” his son Peter Soros confirmed. He was 87.

Mr. Soros founded Soros Associates, “a world leader in the design and development of bulk handling and port facilities,” the Associated Press reported.

“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 told the AP.

The businessman did not share his younger brother’s political activism, though he considered himself a progressive, Peter Soros said.

Mr. Soros is survived by his wife, brother, two sons, a daughter-in-law, four grandchildren and a step-granddaughter, the AP reported.

A memorial service is scheduled for June 27 at Lincoln Center in New York.