Billionaire Investor George Soros Is Helping Refugees With A $500 Million Startup Budget

The migration crisis is on the verge of tearing the European Union apart. The basic foundation of the EU is based on an open border policy and joint cooperation in economic and social issues on nytimes.com. The EU is a European version of the United States, but it lacks the continuity of leadership and the ability to get member states to adhere to some of the edicts the EU puts out. The migration crisis has closed the borders of several EU members, and one of the major powers in the EU, Britain, is leaving the union. The leaders of the European Union have offered Turkey a sizable amount of money to keep millions of refugees from crossing into EU member countries, but that is the only attempt the EU has made to solve the most devastating event in recent history.

Hedge fund investor and social justice advocate, George Soros, has been trying to get the EU to offer refugees a new start, but the threat of terrorism has been a damper on any attempt by the European Union to solve the migration crisis. So, Soros, the social champion, has developed a plan to help migrants get a fresh start. Soros recently announced that he would invest $ 500 million in startup companies owned by refugees, according to an article published by politico.com. He also said he would invest in companies that helped refugees get a fresh start. Soros doesn’t expect a return on his investment. His nonprofit organizations are handling the details and the investments that are made to new refugee companies.

George Soros is no stranger when it comes to giving money away to causes he believes will help the world. Soros’ Open Society Foundation is helping more than 100 countries establish democratic principles, and Soros is personally donating millions of dollars to the Democratic Party in the Unite States. Soros wants another Clinton in the White House, and he has donated more than $8 million to get her elected. But when all his donations are added up, Soros has invested more than $25 million this election year to elect Democratic candidates on Time at the state and the federal levels.

At last count, George Soros has more than $25 billion in his bank account. His Soros family hedge fund has more than $25 billion in assets under management on Bloomberg. He is the 32nd richest human on the planet, and he continues to add personal wealth to his current fortune at an incredible rate. At the ripe age of 85-years-old, Soros is still an astute investor and businessman. But he is also a social reformer and an economic expert. Soros made the decision years ago to donate his money so others would know what freedom feels like, and he will never stop doing that.