When it comes to famed businessman and political activist George Soros spending $500 million as an “investment” for migrant and refugee resources, those who know the billionaire say they are not surprised. In fact, Soros is a longtime supporter of various liberal political causes in the US as chairman of the “Open Society Foundations.” According to his philanthropic organization website, the goal is to “work to build vibrant and tolerant democracies” with governments being fully accountable to the citizenry.
Soros explains why he’s investing $500 million
George Soros was featured in a recent Sept. 20 Wall Street Journal story that explained the billionaire’s angst at “tens of millions of people on the move” due to terror in their home countries. At the same time, George Soros is concerned about migrants living lives of “idle despair” because they are not having their basic needs met. Thus, the humanitarian has earmarked $500 million to boost various refugee and migrant aid groups that are attempting to solve this massive worldwide problem.
“I will invest in startups, established companies, social-impact initiative and businesses founded by migrants and refugees themselves,” stated George Soros in a recent press release. “Although my main concern is to help migrants and refugees arriving in Europe, I will be looking for good investment ideas that will benefit migrants all over the world.”
Why Soros helps people in trouble?
To understand why billionaire George Soros is pledging $500 million in startups and other investments to help some of the world’s poorest people on Biography, one must research this Hungarian-American businessman’s past to know that he was raised in poverty; while later becoming one of the richest people in the world. During a recent TV interview, Soros said he decided at a young age to help the really needy people of the world because “if I don’t, who will?” Soros also views himself as a political activist with various liberal political causes linked to helping refugees and migrants because “they are most in need of help right now.”
Investing in refugees and migrant aid programs
Soros also stated in a recent press release that he will seek a variety of investments that covers multiple sectors as one way and means to “provide solutions to the particular problems that dislocated people face.” He noted that private businesses have previously invested “billions of dollars” to help develop services for migrants and refugees in need. At the same time, the billionaire is bullish when it comes to serving the needs of migrants when it comes to quality of life issues here in America.
Investing in mankind
Soros and his team have been working with the Office of the United Nations High Commissioner for Refugees and other groups established to guide this new $500 million investment in aiding refugees and migrants. The humanitarian explained how this funding will help people in need when it comes to legal, government, financial and various health services. Soros says he is especially concerned about the great “human misery” and political instability now being caused in countries facing massive influx of refugees. He wants an “adequate physical and social infrastructure” for all migrants and refugees at http://www.cnbc.com/george-soros/.
Overall, Soros is all about leading other private-sector investors who want to also take concrete actions to help the growing number of migrants and refugees living in harm’s way.