George Soros is well known for his major successes in two different industries, charitable and financial. While Soros now resides in the United States, he was born in Hungary in 1930. During his childhood, he lived under both oppressive regimes of the Nazis and the communists. Being a jew in these societies was not an easy task.
In 1947, Soros fled to London and attended the London School of Economics. Soros moved to the United States and from 1956 to 1959, he worked for F.M. Mayer. Then from 1959 to 1963, he was employed at Wertheim and Co. Finally, from 1963 to 1973, Soros worked at Arnhold and S. Bleichroeder. After this, Soros founded his own hedge fund, now known as Quantum Fund.
For several decades, Soros made incredible investment moves and is known as one of the greatest investors of all time. He is now worth nearly 25 billion dollars. Due to his massive success, Soros felt he was able to finally pursue his passion. He decided in the 1980s to found the Open Society Foundations. The goal of his foundation is to globally advocate for more open societies that ensure human rights and more transparency in government.
Soros’ most recent concern is the current predicament that the European Union is in. Soros wrote an article that was publish by Project Syndicate, which expressed some of his concerns. In the article, Soros warned the United States and the European Union that the Russian President, Vladimir Putin was not an ally.
Putin states that he is joining the fight against ISIS, but in reality he is only exacerbating the situation in the middle east by attacking innocent civilians in an effort to bring down the European Union. Putin’s long history of deceptive and aggressive actions should be warning enough, Soros says. He states that the reason that the western countries are accepting him as an ally is to calm the public. If the EU and U.S. do not face the reality of the situation soon, the European Union might fall before Russia does.
Putin wants the European Union to fail because in 2017 his foreign debt will mature and Russia will be bankrupt. His hope is that the European Union, who is holding much of his debt, will fall and he will be released from the obligation.
At the moment, the Russian people have a positive opinion of him but that will change if the standard of living ceases to rise and instead falls. Putin will be unable to keep Russia moving in a positive direction if the western sanctions are put in place and the price of oil declines. Soros hopes the west will see this issue soon.