Useful information
Prime News delivers timely, accurate news and insights on global events, politics, business, and technology
Useful information
Prime News delivers timely, accurate news and insights on global events, politics, business, and technology
The Hollywood actor, Michael Sheen, has paid £ 1 million in debt for 900 people affected by the closing of Tata Steel Baston in Port Talbot, South Wales, which left 2,800 unemployed workers five months ago.
The actor, known for his papers in Amadeus, Twilight, and a very real scandal, among others, launched an initiative to acquire debts, personally investing £ 100,000 to buy and cancel debts instead of benefiting from them. “I had no idea how this strange system worked, but it seemed good,” Sheen admitted, emphasizing that he had no money to “throw”, but wanted the effort to be effective.
The idea was rooted after an emotional encounter with a cafeteria worker in Port Talbot, who told Sheen about steel workers who cry after losing his jobs. “It really comes home,” he said. “I just thought, whatever I can do to help.”
Surprisingly, Sheen does not know the identities he has helped, only his locations and the types of debts they carried. “I would never know who they are, I still don’t know who they are,” he shared. He added that because the “stigma” about discussing money, some people may not realize that their debts have been paid and urged them to verify their accounts.
His efforts are part of a new documentary by Cannel 4, Michael Sheen Million Pound’s secret draw, exposing how financial institutions benefit from vulnerable people. The debt market allows companies to buy unpaid loans from discount rates, while borrowers remain responsible for the total amount. Sheen used this lagoon to erase debts instead of benefiting from them.
A lawyer for social causes for a long time, Sheen declared a “non -profit” actor in 2021, dedicating his profits to significant initiatives. His last act of generosity reinforces his commitment to help communities in need.