Billionaire investor and philanthropist George Soros is handing over control of his $25 billion financial empire to his son, 37-year-old Alex Soros.
The Wall Street Journal first reported the news Sunday, which was confirmed by a spokesperson for Soros’ Open Society Foundations. In an interview with the Journal, Alex Soros said he shares his father’s liberal aims, including support for voting and abortion rights, adding “I’m more political” than his father.The Wall Street Journal first reported the news Sunday, which was confirmed by a spokesperson for Soros’ Open Society Foundations.
Alex Soros told the Journal he intends to continue to use the family’s fortune to support liberal politicians and causes. “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 told the Journal. George Soros, 92, had previously said he didn’t want any of his children to take over his foundation as a matter of principle, but told the Journal, of Alex: “He’s earned it.”
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