Category Archives: Philanthropist & Entrepreneur

Tony Petrello Offers $176,000 Gift To Areas Of Houston Affected By Hurricane Harvey

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The city of Houston suffered through a lot when hurricane Harvey ravaged the shores of Texas destroying houses, flooding roads, causing power outages and bringing the cost of damages to over $120 billion. While cleaning up after the hurricane is an ongoing process, many public and private organizations have led fundraising efforts to deal with it including Nabors Industries chairman Tony Petrello.

Petrello started an online fundraising page for the hurricane victims that raised over $176,000 from various contributors, and Petrello then matched that total with money from his own bank account. But it didn’t stop there; he then gave Nabors Industries employees time off not only to make sure their own homes and families were taken care of, but also to help out neighbors or other people in need. Those who helped emergency response teams were given extra pay for their efforts.

Tony Petrello’s lucrative position as CEO and chairman of Nabors Industries has sometimes made him misunderstood by his critics who haven’t always known his generous side. The oil drilling industry is highly competitive, and Petrello has put in a lot of hard work to keep Nabors Industries at the top over the last three decades. He started out at the company as it’s chief operating officer, and then succeeded Eugene Isenberg in the CEO position after Isenberg passed away. Petrello was given a one-year bonus contract in 2013 where his compensation reached $68.7 million and bumped him up to the highest-paid executive in the US that year.

Tony Petrello was a top mathematics student at Yale University and also studied law and completed his JD at Harvard. From 1979 to 1991 he practiced in administrative and corporate law at the New York branch of Baker & McKenzie law firm. He built a great reputation at being adept with tax laws, managing offshore accounts, mergers and acquisitions and huge financial transactions. It was his advice to Nabors Industries while practicing at the firm that led to Petrello joining the company.

Tony Petrello married former daytime television actress Cynthia Carrafa and is the father of a girl named Carena. Carena has cerebral palsy and the Petrellos have had to help her through a lot of difficulties. But this has also led to their desire to help the medical community study the brain and hopefully one day find a cure. The Petrellos have gotten involved with the Texas Children’s Hospital and decided to help their neurological institute with a $7 million gift.

George Soros Empowers Through Philanthropy

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Somebody like George Soros should need no introduction, but he ultimately likes to keep his name out of the spotlight so they are occasionally required. George Soros is a billionaire investor as well as one of the most giving philanthropists to ever walk the planet. While those are lofty titles they are merely the second and third leg of his title as one of the most progressive billionaires in the world today. Soros has spent his entire life and professional career working toward putting himself in a position to help as many people as possible. Soros’ unlikely rise to prominence is a unique story in and of itself and the work he has done once he got there is even more interesting.

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George Soros was a Jewish teenager living in Hungary when the Nazi force rolled into the country and set up an occupation. From 1944 to 1945 the Nazis that occupied Hungary would kill over 500,000 Jews in cold blood. During that time Soros had to fight as much as possible in order to live and to survive. He and his family worked quietly to help subvert the regime by acquiring fake identity papers to help other Jews escape the country. Eventually Soros and his own family would end up fleeing and they would end up in London, having fled from Budapest. Once in London Soros worked tirelessly to graduate from the London School of Economics, handling two jobs at once in order to pay for his studies. Know more about George Soros on Business Insider.

It was this hard work work and this experience with the oppressive Nazi regime that would inform George Soros’ decision to start the Open Society Foundations after settling in America. Soros came to America in the ’50s and he would have landed his fortune with the Soros Hedge Fund by the ’70s. With that money in hand Soros established a network of progressive philanthropic companies all over the world, spanning 130+ different countries. These foundations would form the backbone of what is now known as the Open Society Foundations. Through this network Soros has helped to fund grassroots activists, education, reform, and more throughout the globe. The Open Society Foundations has given nearly $12 billion so far in their lifespan. Learn more on about George Soros.

The Open Society Foundations has also had an effect here at home in the United States. During the infamous Ferguson Protests in Missouri activists were able to come to the streets and raise their voice in order to bring attention to the racially motivated police brutality. Soros and the Open Society Foundations had indirectly helped this activism by funding grassroots campaigns in the area to the tune of nearly $33 million. Soros is also a key figure in the success of the early days of the #BlackLivesMatters group.

The Significance Of Sam Boraie And Boraie Development’s On The Physical And Social Landscape Of New Brunswick

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Omar Boraie is an Egyptian philanthropist and entrepreneur living in New Brunswick, New Jersey with significant investments in real estate and property. He is the founder of Boraie Development, a family-owned enterprise that is dedicated to developing breathtaking properties while offering exceptional customer service.

According to Patch, when he arrived in New Brunswick more than 50 years ago, he envisioned the development and restructuring of the city’s skyline. He noticed that most people working in the city did not live there, and his goal was to change that. This vision was highly doubted by the residents of the city, but this did not stop him. Omar Boraie established Boraie Development to provide services that addressed the real estate market from start to finish. Such services include property development, real estate management, as well as sales and marketing.

To date, through its marketing subsidiary known as Boraie Realty, the firm has completed both residential and commercial property transactions valued at over $150 million. Boraie Development has achieved an excellent track record for more than 30 years by working in partnership with widely-known architects, contractors, and financial institutions to complete their developments in a timely fashion without compromising on quality.

Omar Boraie enjoys doing business with his family, and most of his children sit on the board of the firm. Sam Boraie, Omar’s second son, is the current Vice President and is responsible for discovering new investment projects. Under his leadership, the company has completed prominent projects such as the Aspire, One Spring Street Condominiums, Rector Street, and Albany Street Plaza in New Brunswick, with ongoing projects in Newark and Atlantic City.

The Social Impact of Boraie Development

Through the hard work and dedication of Sam Boraie, his father Omar’s dream of transforming New Brunswick into a property sanctuary has been achieved. The new developments have increased the number of young professionals living in the city increasing the economic activities in the city.

In an article by NJBiz, through the company, the Boraie Family supports various charities and nonprofits in New Brunswick such as the State Theater, the Rutgers Cancer Institute, and Elijah’s Promise. Elijah’s Promise is a nonprofit dedicated to feeding the hungry in the society, and empowering individuals to access and maintains sustainable jobs. The team at Boraie Development believes that it is necessary to first develop the community before developing any property.


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