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George Soros hands his 37-year-old son control of the empire: I am more political than my father

2023-06-11 20:11:34Fokus SHKRUAR NGA REDAKSIA VOX
George Soros hands his 37-year-old son control of the empire: I am more
Edi Rama with George and Alex Soros

Billionaire George Soros told the Wall Street Journal in an interview published Sunday that he is handing over control of his massive empire to his son, Alexander Soros.

A hedge fund manager turned philanthropist and major supporter of liberal causes, Soros, 92, said he previously did not want his Open Society Foundations (OSF) to be taken over by one of his five children.

But speaking about the decision to hand over the foundation and the rest of his $25 billion empire to his son Alexander, 37, who is known as Alex, the elder Soros said: "He's earned it."

Also interviewed by the paper, Alex said he is "more political" than his father and that he plans to continue donating money from the family to support left-leaning US political candidates.

"As much as I would like to make money out of politics, as long as the other side is doing it, we will have to do it too," said Alex.

The OSF board elected Alex as its chairman in December, and Alex now directs political activity as president of Soros' political action committee.

The foundation donates about $1.5 billion a year to groups such as those that support human rights around the world and help build democracies, the Wall Street Journal reported.


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