Soros Pledges Up to $500 Million to Resettle Refugees, Migrants
Billionaire George Soros, owner of the $25 billion family office Soros Fund Management, has pledged to invest as much as $500 million to help refugees and migrants globally.
“We will invest in startups, established companies, social impact initiatives, and businesses started by migrants and refugees themselves,” Soros said in a statement Tuesday. “These investments are intended to be successful.”
The investments will be owned by Soros’ non-profit organizations and the profits will go to fund programs at the Open Society Foundations, including programs that benefit migrants and refugees, according to the statement. Soros plans to work with organizations such as the Office of the United Nations High Commissioner for Refugees and the International Rescue Committee to establish appropriate investment principles for the initiative, according to the statement.