Legendary investor and Jewish philanthropist George Soros is transferring control of his $25 billion empire to his son, Alexander Soros, who wasn’t previously marked as a potential successor.
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Alexander, 37, also known as Alex, stated in an interview following the move that he plans to expand on his father's liberal political goals, including promoting voting and abortion rights, as well as gender equality. He also said he intends to continue using his family's wealth to support left-leaning politicians.
"I’m more political,” said Alex Soros, who recently met with officials from the Biden administration, Senate Majority Leader Chuck Schumer, and heads of state, including Brazilian President Luiz Inácio Lula da Silva and Canadian Prime Minister Justin Trudeau.
For years, Soros-watchers said George Soros would pass on his empire, Soros Fund Management, to his older son, Jonathan, the third child from his first marriage, who had worked in his father's group for many years.
However, it was ultimately Alex, the eldest of his two children from his second marriage, who gained his father's trust and often accompanied him on his global endeavors in recent years.
George Soros is known for his political views aligned with the left and his extensive activism in promoting left-wing values. The Open Society Foundations (OSF), established by the Soros family, donate around $1.5 billion each year to human rights groups worldwide and help support democracy.
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George Soros is known for his political views aligned with the left and his extensive activism in promoting left-wing values
(Photo: AP)
Additionally, donations are made to universities and other educational institutions. Money invested in funds has also been given to support law enforcement officials who have tackled various roles, focusing on reducing incarceration rates and combating racial bias in the judiciary.
Alex Soros expressed concern about the possibility of Donald Trump returning to the White House and hinted at a significant economic role for the family's foundations in the race for the US presidency in 2024.
"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,” he said during the interview.