Billionaire George Soros Is Helping Refugees Get A Fresh Start

The refugee and migration crisis is changing the social structure of the planet. Europe is in the middle of one the most important migration period in recorded history on Biography, and the leaders of the nations that are faced with thousands of refugees don’t know how to handle them. In Turkey, refugee camps at setup to hold thousands of migrants, and the quality of life in those camps is non-existent. Disease, malnutrition, and sickness are the flavors of the day, and each day those flavors get worse. Other countries have stepped up and are accepting immigrants, but the system to handle people that speak a different language and have different religious beliefs is totally inadequate in most countries.

But one person is hell-bent on helping refugees start a new life, and his name is George Soros. George Soros is a former refugee. He escaped Nazi-occupied Hungary in 1947, so he knows what it feels like to be an outcast. But Soros, the former refugee, is now Soros, the billionaire. Soros has a net worth of more than $32 billion, and that number grows by the hour. But Soros doesn’t hoard his wealth. He gives it away. George started his Open Society Foundation in 1976. That was the year that Soros was called “the man that broke the Bank of England,” when he bet the pound would be devalued because of the introduction of the euro. Soros made $1 billion on that bet, and his hedge fund made $7 billion. Instead of putting all of that money in other investments, Soros decided to promote democracy in countries that don’t know the meaning of the word. Today, the Soros Open Society Foundation has organizations in more than 130 countries.

When the migration issue first became a crisis in Europe, Soros offered EU leaders a solution for the crisis, but they didn’t listen to him. So instead of giving up, George Soros decided to invest $500 million in businesses started by refugees or companies that offer products and services to refugees, according to an article published by CNN news. The investment in those business ventures will be handled by Soros nonprofit organizations. Refugees need cell phones and Internet services. They need food, shelter and an education and all of those things are vital to starting a new life in foreign countries that have nationalistic ideas.

George Soros is managing his family hedge fund again. He invested in the gold market recently and that investment is paying off. But he thinks his best investment is the $500 million he has earmarked for refugees. The gift that keeps on giving is the gift of paying it forward, and Soros has a history of paying his net worth forward. See: http://www.cnbc.com/george-soros/