Search results
Jun 12, 2023 · June 11 (Reuters) - Billionaire financier George Soros is handing control of his massive empire to his son Alexander, a Soros spokesperson said on Sunday. The spokesperson confirmed the...
- 1 min
- Reuters
- Overview
- Key financial role in the 2024 presidential race
Billionaire investor and philanthropist George Soros is ceding control of his $25 billion empire to a younger son, Alexander Soros, according to an exclusive interview with The Wall Street Journal published online Sunday.
Soros' business holdings include his nonprofit Open Society Foundations, which is active in more than 120 countries around the world and funnels about $1.5 billion annually to groups that back human rights and promote the growth of democracies around the world, according to its website.
The 37-year-old, who goes by Alex, told the Wall Street Journal that he is "more political" than his 92-year-old father, who has been a right-wing target for his backing of liberal causes such as reducing racial bias in the justice system. But he noted that the two "think alike."
Alex said he was broadening his father's "liberal aims" and embracing different causes including voting and abortion rights, as well as gender equity. He said he aims to keep using the family's wealth to back left-leaning U.S. politicians.
Alex told the Wall Street Journal that he recently met with 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 push for issues related to the family foundation.
In December, the board of Open Society Foundations, known as OSF, elected Alex as its chairman, succeeding his father. The newspaper also reported that Alex now directs political activity as president of Soros' super PAC.
During the interview with the newspaper, Alex 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.
"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 in the interview, held at the fund manager's New York offices.
Alex is the oldest of two sons from George Soros' marriage to his second wife, Susan Weber, according to the Wall Street Journal.
The appointment passes over George Soros' elder son Jonathan Soros, 52, a lawyer with a background in finance. He had been believed to be the clear successor until "a falling out and a change of heart," according to the paper.
- 6 min
Jun 12, 2023 · 12 Jun 2023. Billionaire hedge fund manager turned philanthropist George Soros has decided to hand control of his $25bn philanthropic and financial empire to his son, Alexander. A spokesperson...
People also ask
Who is George Soros' son Alexander Soros?
What is George Soros net worth?
Who is Alexander Soros?
Is Alexander Soros the heir of the Soros empire?
Jun 11, 2023 · 92-year-old billionaire George Soros has transferred leadership of his multi-billion dollar philanthropic empire to his 37-year-old son Alexander, who told the Wall Street Journal he plans...
- Ana Faguy
Jun 12, 2023 · NEW YORK (AP) — Billionaire investor turned philanthropist George Soros is ceding control of his $25 billion empire to a younger son, Alexander Soros, according to an exclusive interview with The...
Jun 12, 2023 · Meet Alex Soros, the 37-year-old son of legendary investor George Soros: Once known for a highflying social life, he is now taking over a $25 billion empire. Huileng Tan. Jun 12, 2023, 1:32 AM...
Jun 11, 2023 · George Soros, the legendary investor, philanthropist and right-wing target, is handing control of his $25 billion empire to a younger son— Alexander Soros, a self-described center-left...
