INVESTMENT

Soros Will Give $500 Million to Refugee, Migrant Businesses

“Our collective failure has contributed greatly to human misery.”

Billionaire George Soros will donate $500 million to migrant and refugee businesses, he announced Tuesday in a Wall Street Journal op-ed. Soros highlighted the “power of the private sector” in his piece, noting that he hopes other investors will follow suit. “Our collective failure to develop and implement effective policies to handle the increased flow has contributed greatly to human misery and political instability—both in countries people are fleeing and in the countries that host them, willingly or not,” Soros wrote. “Migrants are often forced into lives of idle despair, while host countries fail to reap the proven benefit that greater integration could bring.” He added, “Although my main concern is to help migrants and refugees arriving in Europe, I will be looking for good investment ideas that will benefit migrants all over the world.”