George Soros, a 92-year-old left-wing billionaire, investor, and philanthropist, is apparently giving his younger son, 37-year-old Alexander “Alex” Soros, control of his $25 billion enterprise.
In his first interview since being chosen, Alex Soros told The Wall Street Journal, “I’m more political,” signaling his intention to further his father’s leftist objectives.
Alex Soros Takes the Reins
He apparently intends to carry on his father’s legacy of supporting left-leaning candidates. In an interview with the Journal, he expressed worry about the possibility of former President Donald Trump taking office again.
Alex Soros was elected chairman of his nonprofit Open Society Foundation, also known as OSF, in December.
As president of his super PAC, Democracy PAC, which has backed the campaigns of left-leaning district attorneys and law enforcement in largely Democratic US states.
It now oversees political activity locales, including the one where Trump’s attorney, Alvin Bragg, is based in Manhattan.
According to The Journal, Alex recently met with members of the Biden administration, Senate Majority Leader Chuck Schumer, a Democrat from New York, and various leaders of state, including Justin Trudeau, the prime minister of Canada, and Luiz Inacio Lula da Silva, president of Brazil.
George claims that in the past, he believed it should be managed by someone who is best suited, and as a matter of principle, he did not want one of his children to take over the foundation.
Jonathan Soros, Alex’s older half-brother and a lawyer with a background in finance, was expected to inherit their father before falling out.
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Free Speech Champion and Global Philanthropist
Alex stated that he disagrees with people on the left on the restriction of free speech on various college campuses.
According to the Journal, OSF gives around $1.5 billion annually to groups that support human rights all over the world, aiding in the development of democracies and some colleges and educational institutions.
Alex Soros is the only Soros family member serving on the Soros Fund Management investment committee, which oversees money belonging to the family and foundation.
As per Soros’s spokeswoman, OSF will get the majority of Soros’ $25 billion in the future years, and the super PAC will receive around $125 million of that total.
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