Paul Soros, who was a successful innovator in shipping, a 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 number 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. The company has 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.
“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,” said Peter Soros.
Paul Soros drew upon his own immigrant biography in establishing with his wife the Paul & Daisy Soros Fellowships for New Americans in 1997.
The foundation’s $75 million (£48 million) endowment funds graduate education for immigrants and the children of immigrants.
He 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.
A talented athlete who skied for the Hungarian national team, injury kept him from competing in the 1948 Olympics, his son said, and that same year, he emigrated to the United States.
Paul Soros met his wife, Daisy, who had also fled Hungary, in New York City.
They married in 1951 and had two sons, Jeffrey and Peter. Mr Soros is survived by his wife, brother, sons, a daughter-in-law, four grandchildren and a step-granddaughter.