George Soros was born in 1930 in Budapest, Hungary. Soros was born to a jewish family, which proved difficult during Nazi occupation. When World War II ended, the Nazi occupation did as well. However, they were replaced with a communist regime. At the age of 17, Soros fled Hungary and went to London. He worked as a waiter and railroad porter in order to get through school at the London College of Economics. After graduation, Soros worked in London for a year but then immigrated to the United States.
Soros worked for over a decade for various investment firms around New York, including Arnhold & S. Bleichroeder, Wertheim & Company and F.M. Mayer. In 1973, Soros decided it was time to start his own fund, Soros Fund Management, which is now known as the Quantum Fund. It was with this hedge fund that Soros made billions of dollars for himself and for his clients. His fund reported returns of between 30 percent and 100 percent on an annual basis.
In the 1980s, Soros decided it was time for him to step back from his position and pursue his other interests in philanthropy. Soros founded the Open Society Foundations. The goal of the foundation is to create more open societies around the world, more human rights for individuals and more transparent governments. Most recently, Soros has been concerned about the future of the European Union.
In an article that was published by Project Syndicate. In the article, Soros explains his fear that the European Union will fall if the United States and the EU do not soon realize that President Putin of Russia is not on their side. President Putin understands that if he can bring down the European Union, his country’s economy will be in a much better situation in 2017 when their foreign debt matures.
Putin understands that the European Union is currently facing multiple crises and and that due to fear of terrorism, a fear of foreigners has been reignited. Putin’s goal is to flood Europe with refugees at a rate that they can not be absorbed. In order to do this, he is ordering air strikes on the northern and southern regions of Syria. Tens of thousands of refugees have been forced to flee their homes to countries like Lebanon and Turkey where they hope to then get safe passage and asylum into Europe.
Soros explains in the article that one of the few people that understands the threat that this refugee crisis has is Chancellor Angela Merkel. In fact, she recently visited Turkey in order to request that their government induce refugees to lengthen their stay in Turkey, which would provide Europe with a needed buffer.