Hedge fund expert billionaire George Soros announced his donation of $500 million of his NGO money to be invested in job opportunities for refugees and migrants, particularly those entering Europe. George Soros’ publication came as United Nations assembled for a General summit in New York. The global forum hosted invited World State Leaders to talk about solutions for how the world is largest refugee crisis since World War II. Soros pledged in the wall street journal, to invest in existing companies, startups, and social initiatives started by migrants. Soros wrote. He also planned to migrants arriving in Europe, as well as looking for sound business ideas that will promote migrants globally. Learn more on snopes.com about George.
Charity Works and History
Soros, 86, is an immigrant. He fled from his native country, Hungary in 1946 in his youth and started a new life in Britain working as a waiter and a railway porter. Soros later saved up enough money and enrolled in the Economics School in London. Soros later migrated to New York and found a job on Wall Street. Afterward in 1969, he set up an investment company, Quantum Fund, with capital worth $12 million. Presently, according to Forbes Magazine, George Soros’ is worth an estimated $24.9 billion.
His latest donation geared towards refugee settlement will be managed and run by his charity organization and will comprise invested funds as opposed to grants. He expressed his beliefs and plans citing “They are expected to be successful—since I desire to demonstrate the benefits of personal capital in helping migrants—and all proceeds will support the Open Society Foundations projects, together with other projects that help refugees,” Soros wrote.
In the past, George Soros has contributed donations to programs in support of refugees such as the Global Migration Policy Institution, and the National Immigration Law Center. Early last year, Soros pledged a whopping $5 million through Immigrant Voters Win PAC, aimed at mobilizing the Hispanic and Latino community against voting for the Republicans.
Politico News on George Soros
Republican operatives tried once more to connect the unknown protest group Indivisible to George Soros, posting video they claimed tied the faction to the generous philanthropic donor. The Need to Know Network, a controversial news website connected to the conservative PAC America Rising, released a video of indivisible executive members Leah Greenberg and Ezra Levin in attendance at the spring donor Democracy Alliance meeting, a liberal donors’ club where Soros is a prominent member. Levin, Indivisible’s director, clarified in an interview that they had not received funding from Soros or his Foundation. He blamed Senate House Vote delays on people reaching out to congressional representatives privately to repeal House motions.
Read this story at Politico about George Soros.