George Soros Hands Over Reigns of $25bn Empire to Son

Ten News Network

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New Delhi (India), 12th June 2023: In an exclusive interview with The Wall Street Journal published on Sunday, billionaire investor turned philanthropist George Soros stated that he is handing over leadership of his $25 billion empire to his younger son, Alexander Soros.

According to its website, Soros’ business holdings include his nonprofit Open Society Foundations, which is active in more than 120 countries and distributes approximately $1.5 billion annually to groups such as those that support human rights and promote the growth of democracies around the world.

The 37-year-old, known as Alex, told the Wall Street Journal that he is “more political” than his 92-year-old father, who has been a target of the right-wing for his support of liberal causes such as removing racial injustice in the justice system. He did, however, observe that the two “think alike.”

Alex stated that he was widening his father’s “liberal aims” and embracing other issues such as voting rights, abortion rights, and gender justice. He stated that he intends to continue utilising the family’s riches to support left-wing candidates in the United States.

Alex in a previous interview in New York stated, “As much as I would love to get money out of politics, as long as the other side is doing it, we will have to do it, too.”

Alex recently visited some Biden administration officials, Senate Majority Leader Chuck Schumer, and heads of state, including Brazil’s President Luiz Inácio Lula da Silva and Canada’s Prime Minister Justin Trudeau, to advocate for family foundation issues.

Alex is the eldest of two boys from George Soros’ marriage to his second wife, Susan Weber.

The role was set to go to George Soros’ eldest son, Jonathan Soros, 52, a lawyer with a financial expertise. However due to, “a falling out and a change of heart,” George renamed the heir of his estate.

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