​​​
  1. Billionaire George Soros to invest $500 million to help refugees and migrants

Billionaire George Soros to invest $500 million to help refugees and migrants

Billionaire George Soros is pledging to invest up to $500 million in startups, established companies, ''social impact initiatives,'' and businesses started by refugees and migrants.

By: | United Nations | Updated: September 20, 2016 11:57 AM
George Soros ”Our goal is to harness the private sector for public good,” Soros said. (AP)

Billionaire George Soros is pledging to invest up to $500 million in startups, established companies, ”social impact initiatives,” and businesses started by refugees and migrants.

Soros, who chairs the Open Society Institute, made the announcement Tuesday, following the first-ever U.N. summit on migrants and refugees and ahead of a meeting chaired by President Barack Obama to spur pledges to help the world’s 65.3 million displaced people.

”Our goal is to harness the private sector for public good,” Soros said. ”These investments are intended to be successful. But our primary focus is to create products and services that truly benefit migrants and host communities.”

He expressed hope his commitment ”will inspire other investors to pursue the same mission.”

U.N. refugee chief Filippo Grandi said the investments ”will help refugees become self-reliant.’

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top