According to an exclusive interview with The Wall Street Journal that was posted online Sunday, billionaire investor turned philanthropist George Soros is handing over leadership of his $25 billion enterprise to his younger son, Alexander Soros.
His nonprofit Open Society Foundations, which is active in more than 120 countries worldwide and distributes about $1.5 billion annually to organizations like those that support human rights and encourage the expansion of democracies around the world, are among Soros’ business holdings.
The 37-year-old, who goes by Alex, claimed to be “more political” than his 92-year-old father, who has drawn criticism from the right for supporting liberal causes, including eradicating racial unfairness in the legal system.
He did, however, observe that they “think alike.”
Alex claimed he was expanding his father’s “liberal aims” and supporting other issues, such as gender parity, the freedom to vote, and abortion rights.
He declared his intention to continue supporting left-leaning American politicians with the family’s fortune.
As reported by the Wall Street Journal, Alex recently met with representatives of the Biden administration, Senate Majority Leader Chuck Schumer, and leaders of state, including Presidents Luiz Inácio Lula da Silva of Brazil and Justin Trudeau of Canada, to discuss various issues.
The Open Society Foundations, or OSF, board chose Alex to succeed his father as chairman in December.
According to the publication, Alex now oversees political action as the head of Soros’ super PAC.
According to the Wall Street Journal, the younger Soros is the sole member of the family serving on the investment committee for Soros Fund Management, which looks after money for both the family and the foundation.
In the newspaper interview, Alex voiced worry that former President Donald Trump would win re-election and made a suggestion that the Soros Foundation would play a significant financial role in the 2024 presidential election.
“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 added during the interview, which took place at the fund manager’s New York headquarters.
According to the Wall Street Journal, George Soros’ second marriage to Susan Weber produced two sons, the elder of whom is Alex.
Jonathan Soros, 52, a lawyer with a background in finance who had been anticipated to succeed his father until “a falling out and a change of heart,” according to the newspaper, was bypassed by the appointment,
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