Billionaire investor, political activist and philanthropist George Soros came back to the political process during the 2016 presidential election after spending several years on the sidelines. In true Soros’ fashion, he took the process very seriously, committing tens of millions of dollars to Hillary Clinton’s campaign on Investopedia, which ultimately won the popular vote but lost the electoral vote to Donald Trump.
A New Commitment
Part of what has reinvigorated George Soros’ political commitment is his concern over the migrant crisis in Europe and its impact on the stability of the countries people are leaving, as well as the countries that are hosting the immigrants (whether by their own choice or not).
As a Hungarian immigrant who fled Europe as a teen during World War II and survived the siege of Budapest in 1945, George Soros is highly sympathetic to the plight of today’s migrants. It is Soros’ feeling that the west has failed to offer any workable policies on Forbes to help deal with the masses of people fleeing war-torn countries, and this failure has lead to an even greater rise in human misery and political instability. There is much more that can be done to help with the crisis, according to Soros, and he is wiling to make a real commitment towards making positive change in the situation.
A $500 Million Investment
Anyone who knows George Soros knows he always puts his money right where his mouth is. As far as making an impact on the migrant situation on opensocietyfoundations.org, Soros is committed in a real way, to the tune of $500 million. Soros’ plan is to invest in startups as well as established companies that are working to make a difference in the lives of immigrants. He will also look at investing in companies that have been founded by refugee and migrant people themselves. It is his hope that other investors will join in and also invest in companies that are working to improve the situation for immigrants.
In Soros view, governments still need to play a large and active role in improving the lives of immigrant people, “by creating and sustaining adequate physical and social infrastructure.” He also noted, however, that there is huge power in the private sector to change the situation, and that investors should see this as an opportunity to work for change while also having a part in potentially profitable business opportunities.
Now, with a new administration coming into Washington, Soros’ dedication to democratic principles is more fired up than ever, and he is more motivated to invest in improving the lives and business prospects of the growing immigrant population.