Billionaire George Soros passes his "empire" to his youngest son/ 37-year-old: I'm more of a politician

2023-06-12 17:33:46, Kosova & Bota CNA

Billionaire George Soros passes his "empire" to his youngest son/

Billionaire and philanthropist George Soros has given control of his $25 billion company to his youngest son, Alexander Soros, who confirmed the decision in an exclusive interview with The Wall Street Journal published on Sunday. . Mr. Soros' business holdings include his non-profit Open Society Foundation, which operates in more than 120 countries around the world. According to data published on the Open Society Foundations website, the organization gives about $1.5 billion a year to groups that support human rights and promote the growth of democracies around the world.

Alexander Soros, 37, told the Wall Street Journal that he is "more political" than his 92-year-old father, who has been the target of right-wing criticism for his support of liberal causes such as austerity. of racial bias in the justice system. But he noted that they have "similar views" on many issues.

Billionaire George Soros passes his "empire" to his youngest son/

Alexander Soros said he was expanding his father's "liberal goals" and supporting various issues, including voting rights, abortion and gender equality. He said he intends to continue using the family fortune to support left-leaning American politicians.

Alexander Soros told the Wall Street Journal that he recently met with Biden administration officials, Senate Majority Leader Chuck Schumer and heads of state, including Brazilian President Luiz Inácio Lula da Silva and Canadian Prime Minister Justin Trudeau. , to promote issues related to family foundations.

In December, the board of the Open Society Foundation elected Alexander Soros as its chairman, replacing his father. Alexander Soros now leads the political activity as the president of the political organization "Soros".

Billionaire George Soros passes his "empire" to his youngest son/

The Wall Street Journal reported that Alexander Soros is the only family member on the investment committee that oversees Soros Fund Management, which controls money for the foundation and family.

During the interview with the "Wall Street Journal", Alexander Soros expressed concern that former President Donald Trump would return to the White House and hinted that the "Soros" organization would play a key financial role in the 2024 presidential race. VOA reports.

According to the "Wall Street Journal", Alexader Soros is the eldest of two sons from the marriage of billionaire George Soros with his second wife, Susan Weber.

The head of the organization was not appointed the eldest son of George Soros, Jonathan Soros, a 52-year-old lawyer with experience in the financial sector. He was thought to be the clear successor, but recently there was "a conflict between them and George Soros changed his mind", according to the "Wall Street Journal" article.